Ukraine’s banking system is profitable for the first time since 2013

Ukraine’s banking system is profitable for the first time since 2013, Smoliy told the Rada. He said there are now 77 banks operating in Ukraine – 4 state-owned and 22 with foreign capital. After the big shakeout of 2014-2017, only one bank was declared insolvent last year – Russia’s VTB Ukraine unit. This year, one bank has until April 1 to meet capital requirements or restructure its debt.