Solvent banks in Ukraine in January-September received UAH 10.9 billion ($386.9 million) in profit, up 8-fold YoY (UAH 1.4 billion, or $49.7 million), according to the National Bank of Ukraine.
Operating income of banks during the period under review increased by 20.3% at the expense of net interest and commission income, and expenses – by 24.5%.
According to the regulator, in 9 months the sector has formed UAH 19.9 billion of reserves, down by 24.2% YoY. (UNIAN/Business World Magazine)