Profit of Ukrainian banks reached $500 million

Прибыль банков Украины достигла $500 миллионов

Ukrainian banks went into profit for the first time in five years

In August, banks have earned nearly four billion hryvnias. Last year, banks received about 26.5 billion in losses.

For the first eight months of 2018 solvent banks of Ukraine got 13,747 billion UAH of net profit. About it reports a press-service of the National Bank on Tuesday, September 25.

According to the regulator, during this period the banks received 128,440 billion in revenue. Most banks gave interest income – 89,559 billion UAH, Commission revenues – 33,041 billion. Other operating income gave banks 5,432 billion UAH of income.

During January-August 2018 the expenses of banks amounted to 114,693 billion UAH, including interest expenses – 44,903 billion UAH, Commission expenses – 8,281 billion UAH, other operating expenses 8,908 billion.

Thus, in August, banks have earned nearly four billion hryvnia (over seven months of income amounted to 9,769 billion UAH).

We will note, last year Ukrainian banks received 26,472 billion UAH of loss. In 2016, the losses of banks amounted to 159,388 billion UAH, in 2015 – 66.6 billion UAH, in 2014 – 52,966 billion.

 

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