Bank profits fell by 27% through November to $1.5 billion,
Bank profits fell by 27% through November to $1.5 billion, reports the National Bank of Ukraine. Of Ukraine’s 73 banks, 11 reported losses and 62 reported profits. The leader was state-owned PrivatBank, the nation’s largest bank with 23 million clients, at a net profit last year of $886 million. State-owned Oschadbank came in second, with $172 million in net profit. Two privately owned banks followed: Austria’s Raiffeisen Bank Aval, with $133 million in net profit, and First Ukrainian International Bank, owned by Rinat Akhmetov, with a net profit of $89 million.