Page 47 - UKRRptDec20

UAH39,828mn in November this year, a bit more than half of the UAH59,000mn it posted in November the year before.
On a monthly basis November was an exceptionally poor month with banks posting UAH2,224mn of profits for the month compared to UAH7,009mn in the same month a year earlier. Banks started the year posting very high profits between January and March and were on course to easily beat the 2019 results but the coronacrisis completely undid that story and by June banks were posting big losses collectively of –UAH5,174mn before going back into the black the following month.
Following a catastrophic 2017 when banks were in deep crisis the return on assets (ROA) has recovered to 2.99% as of November 2020 and return on equity (ROE) to 23.22, down from the low to 30s for over a year before that until July when ROE fell back to the 20s as growth stabilised.
47​ UKRAINE Country Report​ December 2020 ​ ​www.intellinews.com