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8.1.1 Earnings
Ukrainian banks continue to receive record profits. According to the NBU, the net profit after taxation of solvent Ukrainian banks for five months of the year exceeded ₴67.9B ($1.7B), which is 26.8% more than in the same period last year. During the mentioned period, banks' revenues increased by 19% to ₴204.5B, and expenses increased by 15.6% to ₴136.5B.
Two state-owned banks top the list of the most profitable financial institutions with a total net profit of almost ₴24B ($600M) in four months. According to the NBU, state-owned PrivatBank tops the list of the most profitable banks based on the results of the first four months of 2024 with a net profit of ₴17.47B. In 2023, in the same period, the bank earned ₴20.88B. Oschadbank, the second largest bank in Ukraine, ranks second with a net profit of ₴6.47B, 200% more than in the same period of 2023.
89 UKRAINE Country Report July 2024 www.intellinews.com
