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