In the third quarter, the banking sector of Ukraine showed a profit of UAH12B.

This profit compensated for the losses of the year’s first half, so the financial result for nine months is a net positive UAH 7.4B. The reason for the NBU’s profitability was high operational efficiency maintained over the course of the year. It is noted that banks’ interest income continued to grow, commission income is gradually recovering, and positive results from currency and securities revaluations significantly increased the overall financial result. For the third quarter, deductions to reserves for loans amounted to UAH 33.5 billion, and for securities UAH 7.1B. The regulator also pointed out that banks’ net assets increased by 7.5% in the 3rd quarter and exceeded the pre-war level. On the other hand, net hryvnia corporate loans for the quarter decreased by 2.2% and foreign currency by 10%. The specific weight of non-performing loans increased by 3.9% over the quarter.