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8.0 Financial & capital markets 8.1 Bank sector
8.1.1 Earnings
The state-owned banks received 7.6% more profit. In the third quarter of this year, state-owned banks earned UAH11.6bn ($426mn), 7.6% more than in the previous quarter. 82.9% (UAH9.6bn) was attributed to the profit of PrivatBank. As the Ministry reported, in the third quarter, banks continued increasing lending. Compared to July 1, 2021, the loan portfolio of public sector banks rose by UAH21.6bn (by 9.2%), of which UAH16.7bn - an increase in loans to legal entities, UAH4.9bn which is an increase in the credit portfolio of individuals.
The net profit of Ukrainian banks has grown by 50%. During the first ten months of 2021, the net profit of the banking sector reached UAH 58.4 bln ($2.15 bln). This is almost 50% more than in the corresponding period of 2020. Privately held bank FUIB earned UAH 3.5 bln in the first ten months of this year, took third place, displacing MR Bank (formerly Sberbank). According to opendatabot, the first and second positions of the rating are currently held by PrivatBank UAH 23.8 bln and Raiffeisen Bank Aval UAH 4 bln.
42 UKRAINE Country Report January 2022 www.intellinews.com