National Bank assets increased by 17%, and profit reached UAH 43B.

The result of the NBU’s activities, according to the results of the first half of the year, was a net profit of more than UAH 43B ($1.17B), and the bank’s assets increased by 17% to UAH 2.29T, the bank reported.

It is noted that the main reason for the growth of assets is a 37% increase in the volume of international reserves, which, as of July, amounted to $39B against $28.5B at the end of 2022. In particular, the volume of non-residents’ securities increased by 23% to UAH 858.5B in half a year. The volumes of currency deposits and bank metals almost doubled, to UAH 464.4B.

At the same time, the volume of the NBU’s loan portfolio decreased by almost 80% due to bank repayment of long-term loan debt. The NBU’s administrative and other expenses amounted to UAH 3B. Liabilities as of July 1 are 83.8% of assets, or UAH 1.9B. An increase in the size of the NBU’s equity in the first half of the year by 13% occurred because of the current year’s profit accumulation.