The Ukrainian banking sector remains profitable.

Tuesday, May 24, 2022
The Ukrainian banking sector remains profitable.

 The net operating profit of the banking sector for the four months of 2022 increased by 10%, despite a reduction in this figure in March-April. But due to significant contributions to reserves, the banking sector suffered a net loss in the first four months of this year, amounting to UAH 7.4B. However, reserves increased sevenfold compared to January-April 2021, to UAH 32.7B, of which 83%, or UAH 27.0B, was created in March-April. During January-April, banks’ revenues grew by 11% year-on-year to UAH 88.6B, and expenses by 53% to UAH 96B, reported National Bank of Ukraine.

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