Banks in Ukraine have increased their profits by 47%.

In January-October 2021, banks earned UAH 58.4 bln ($2.19 bln) in net profit against UAH 39.8 bln ($1.5 bln) in the same period last year. Banks’ revenues for 10 months of 2021 increased by 4% year on year and amounted to UAH 217.8 bln ($8.23 bln). Instead, expenditures decreased by 6% to UAH 159.4 bln ($6.04 bln).