The net profit of solvent banks in Ukraine amounted to UAH 11 billion in January-October, the press service of the National Bank of Ukraine (NBU) said in a post on Telegram.
“Solvent banks received UAH 11 billion in net profit in January-October compared to UAH 58.4 billion in net profit in January-October 2021,” the report said.
The banks’ income increased by 32% YoY and amounted to UAH 286.9 billion, whereas expenses grew by 73%, to UAH 275.9 billion. Deductions to reserves increased 14.1-fold, to UAH 107 billion.
In 2021, solvent banks in Ukraine received an all-time high of UAH 77.5 billion in net profit, almost twice as much as in 2020 (UAH 39.7 billion) and 33% more than in pre-crisis 2019 (UAH 58.4 billion). (Ukrinform/Business World Magazine)