Profits of Ukraine’s state-owned banks in January-June amounted to UAH 19.5 billion ($775.04 million), which was 65% of the profit of the entire banking sector.
The Ministry of Finance of Ukraine said, at the same time, almost 60% of all profits in terms of assets were generated by Ukraine’s largest PrivatBank (UAH 18.3 billion, or $727.34 million).
According to the report, in the second quarter an increase in the volume of the credit portfolio of individuals continued. The portfolio amounted to UAH 2.2 billion, or $87.4 million (from January 1, it’s UAH 4.6 billion, or $182.83 million), which was due to the growth of consumer lending.
In addition, the Ministry of Finance notes an ongoing trend for the growth of citizen’s funds held in deposits, in particular, in Q2 their volume grew by UAH 4.5 billion ($178.86 million), and compared to year-start – by UAH 7.9 billion ($313.99 million). (UNIAN/Business World Magazine)