In July-September, the Ukrainian banking sector profitability exceeded the pre-crisis level of 2019 and amounted to UAH 21.3 billion, the Banking Sector Review published on the website of the National Bank of Ukraine said.
“The banking sector in Q3 posted profits of UAH 21.3 billion, 1.5 times the level of Q3 2020. In the first nine months of 2021, the sector made UAH 51.4 billion in profits, up from the same period of the pre-crisis 2019,” the report says.
According to the NBU, among the profitability drivers were the ongoing growth in operating performance and the significant cuts to provisioning.
“The current high profitability and available capital buffer will allow banks to easily meet the updated regulatory capital requirements,” the report says. (Ukrinform/Business World Magazine)
