Banks of Ukraine for the month earned a half a billion

Банки Украины за месяц заработали полтора миллиарда

Net profit of the banking system of Ukraine in July amounted to 1,501 billion

In January-July this year revenues of the banks amounted to 108,913 billion, an increase from the level 101,624 billion UAH during January-July 2017.

Net profit of the banking system of Ukraine in July 2018 amounted to 1,501 billion. Total profit for the seven months rose to 9,769 billion, according to FinClub.

A year earlier, the loss of banks in the first seven months of 2017 was $ 223 million.

In January-July this year revenues of the banks amounted to 108,913 billion, an increase from the level 101,624 billion UAH during January-July 2017.

Expenses decreased from 101,846 billion to 99,144 billion.

The growth of profitability of banks caused by a reduction in reserves in the cost structure of banks from 21% to 11.7%, and in absolute terms – with 21,369 billion to 11,637 billion.

The income growth caused by an increase in interest income (of 71.36 billion to 78,045 billion) and Commission (21,269 billion to 28,303 billion UAH).

Earlier it was reported that the first half of PrivatBank ended with a profit of 6.9 billion.

Also, the national Bank has called the most unprofitable banks in Ukraine up to 2017.

 

News from the Reporter.net Telegram. Subscribe to our channel https://t.me/korrespondentnet

Source