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Ukrainian banks see profit rise by 1.4 times in Jan-Aug – NBU
KYIV. Sept 21 (Interfax-Ukraine) – Solvent banks of Ukraine in January-August 2021 received UAH 45.592 billion of net profit, which is 1.4 times more than in the same period in 2020 (UAH 32.677 billion), according to data published on the website of the National Bank of Ukraine (NBU).
According to the report, bank incomes for the eight months of this year increased by 2.2% against the figure for the same period last year – up to UAH 172.681 billion, in particular commission income increased by 35% – up to UAH 58 billion.
At the same time, the result from revaluation and from sales and purchases was negative and amounted to UAH 1 billion, while for the same period last year it was positive and amounted to UAH 20.4 billion.
At the same time, the expenses of the banking system in January-August 2021 decreased by 6.8% compared to this indicator in 2020 – to UAH 127.09 billion, including deductions to reserves – by 2.8 times, to UAH 20.4 billion. At the same time, commission expenses increased by 1.5 times – up to UAH 21.8 billion.
As reported, Ukrainian banks in 2020 reduced their net profit by 29% – to UAH 41.3 billion, but in the fourth quarter the decline was 63% due to increased allocations to reserves.
