The Ukraine banking system continues to increase its liquidity and profitability. The highest results were shown by banks that preferred NBU certificates of deposit, the Standard-Rating Agency reports. In the first half of 2023, the quality of banks’ loan portfolios declined.... #nbu #NPL #PrivatBank #UkraineBankingSystem #UkraineBanksProfits
The NBU expects to attract an additional UAH 20B from an increased tax on bank profits. The regulator proposes to increase the bank profit tax rate from 18% to 38% for 2023-2024, NBU Chairman Andriy Pyshnyi said. According to him, this tax structure will have a limited impact on macro-fi... #AndriiPyshnyi #nbu #TaxesUkraine #UkraineBanksProfits #UkrainianBanks
The Ukrainian Parliament has proposed a new tax for banks, providing UAH 10B to the budget. The parliament’s tax committee is preparing a draft law that allows for additional taxation of net interest income or excess bank profits. “Most likely, the new law will come into effect i... #DanyloHetmantsev #ReformsinUkraine #TaxesinUkraine #UkraineBanksProfits
During the first half of the year, Ukrainian banks generated record profits. The National Bank of Ukraine reported that banking organizations earned UAH 67.6B ($1.85B) in six months, the National Bank of Ukraine reported. Net operating profit before deductions to reserves incr... #nbu #UkraineBanksProfits #UkrainianBanks
Ukrainian banks break five-year profitability records. During the first five months of the year Ukrainian banks earned UAH 53.59B, 120% more than the corresponding period in 2021, according to Opendatabot. It is noted that this is the best result in at le... #financeUkraine #nbu #PrivatBank #UkraineBanksProfits #UkrainianBanks
Since the war, Ukrainian banks have built up reserves and increased profitability. In 2022 the banking sector accumulated UAH 119B in their collective accounts. This is a 35-fold jump compared to the UAH 3.4B accumulated in 2021, according to data from opendatabot. Only 10% of banks... #BankReserves #UkraineBanksProfits #UkrainianBanks
Ten Ukrainian banks provided 95% of the banking industry’s profits. According to 2022’s results, most banks in the country stood their ground, and some even managed to improve their performance compared to 2021, Opendatabot informs. The total bank profit last year was... #PrivatBank #UkraineBanksProfits #UkrainianBanks
Since the war, the profits of Ukrainian banks have decreased by more than 80%. During January-October, the gains from Ukrainian banks decreased by more than 80%. According to Opendatabot reports, banks earned only UAH 11B last year, this figure was previously UAH 58B. Of the 67 ... #UkraineBanksProfits #UkrainianBanks
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 e... #nbu #UkraineBankingSector #UkraineBanksProfits
Ukrainian banks’ 2023 profits are only 14% of last year’s. For the first nine months of the year, solvent banks earned UAH 7.4B in net profit, compared to UAH 51.4B for the corresponding period in 2022. The sector’s return on capital was 4.3% compared to 32.1... #nbu #UkraineBanksProfits #UkrainianBanks
The net profit of Ukrainian banks has grown by 50%. During the first ten months of 2021, the net profit of the banking sector reached UAH 58.4 bln ($2.15 bln). This is almost 50% more than in the corresponding period of 2020. Privately held bank FUIB e... #BankinginUkraine #PrivatBank #Raiffeisen #RaiffeisenBank #UkraineBanks #UkraineBanksProfits
The state-owned banks received 7.6% more profit. In the third quarter of this year, state-owned banks earned UAH 11.6 bln ($426 mln), 7.6% more than in the previous quarter. 82.9% (UAH 9.6 bln) was attributed to the profit of PrivatBank. As the Mini... #UkraineBanks #UkraineBanksProfits #UkraineStateBanks
The net profit of Ukrainian banks was valued at UAH 45.6 bln ($1.7 bln) in January-August 2021, which is UAH 13 bln ($0.48 bln) more than in the same period in 2020. This announcement which was posted by the NBU on its Telegram channel concluded that the 40% in... #NationalBankofUkraine #nbu #UkraineBanks #UkraineBanksProfits
