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The share of state banks in the total profit is the largest. Over the year, their percentage increased to 62.5%. The shares of banks with foreign capital decreased to 26%, and banks with private capital from 18% to 11.5%. In first place is PrivatBank with a profit of UAH 17.8bn (-33%). At the same time, the share of Privatbank is 59% of the profit of all banks with positive capital.
Out of 16 banks with foreign capital, only nine were profitable.
8.1.1 Earnings
State-owned PrivatBank in October topped the list of 48 profitable banks with a net profit of UAH 3.934bn, ensuring the profit of the entire banking system this month.
According to the data published by the National Bank of Ukraine on its website, banks with foreign capital UkrSibbank with UAH 518.1mn and Citibank with UAH 398.1mn, which were among the leaders in September, followed PrivatBank.
They are followed by Universal Bank (mono) - UAH 384.5mn and another bank with foreign capital - OTP Bank - UAH 224.7mn.
PrivatBank managed to achieve such a significant profit despite the additional formation of another UAH 1.11bn in reserves, but its assets in October increased immediately by UAH 18.04bn.
43 UKRAINE Country Report January 2023 www.intellinews.com
