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Profit of Ukrainian banks falls by 81.5% in Jan-Aug – NBU
KYIV. Sept 22 (Interfax-Ukraine) – The profit of Ukrainian banks in January-August 2022 amounted to UAH 8.4 billion, which is 81.5% less than in the same period last year (UAH 45.6 billion), the press service of the National Bank of Ukraine ( NBU) on Thursday.
According to the report, the profit of Ukrainian banks in August amounted to UAH 5.05 billion, which is 37% less than the profit in July (UAH 8.05 billion).
The regulator said that the income of banks in August grew by 20.3% and expenses by 17.9%.
According to the regulator, the income of banks in January-August 2022 increased 32% compared to the figure for the same period last year, to UAH 227.5 billion. Including commission income rose by 2.25 times, to UAH 130.846 billion.
At the same time, the result from the revaluation and from purchase and sale transactions was positive and amounted to UAH 39.617 billion, while for the same period last year it was negative and amounted to UAH 1 billion.
At the same time, the expenses of the banking system in January-August 2022 grew by 72% compared to this indicator in 2021, to UAH 219 billion, including contributions to reserves, by 12.4 times, to UAH 89.4 billion. At the same time, fee and commission expenses rose by 0.8% to UAH 21.93 billion.
