Top 5 the most profitable Ukrainian banks in 2021.

The state-owned PrivatBank topped the ranking of the most profitable Ukrainian banks in 2021, declaring UAH 35.05B in net profit. According to the National Bank of Ukraine (NBU), the second most profitable bank was Raiffeisen Bank Aval (UAH 4.858B), the third – FUIB (UAH 4.12B). The “daughter” of the Russian Sberbank MR and Ukrgasbank took the fourth and fifth positions. The main factors in the banking sector’s profitability in 2021 were a further increase in operating efficiency and a significant reduction in provisions. Thus, the annual increase in net interest and commission income was 39% and 25%, respectively. This was facilitated by the rise in interest income from lending, which revived significantly after the crisis.