Through August, Ukraine’s banks have made $1.8 billion in net profit, more than triple the amount during the same first eight months of last year. About 58% of the overall profit was recorded at PrivatBank, the bank that was taken away from Ihor Kolomoisky in December 2016. After nationalization, $5.5 billion in public money was injected into the bank and it was put under professional management. On Tuesday, a Kyiv court adjourned until Oct. 1., a hearing on Kolomoisky’s lawsuit to have the recapitalized bank returned to him.
Through August, Ukraine’s banks have made $1.8 billion in net profit, more than triple the amount during the same first eight months of last year.
