Ukrainian banks' net profit has increased 4.4 times this year

For the three quarters of 2019, Ukrainian banks received UAH 48.35 billion in net profit compared to UAH 10.9 billion over the same period last year. 

UAH 27.4 billion – over half of this financial result – accounts for PrivatBank, the press service of the National Bank of Ukraine reports.

"In January-September 2019, solvent banks received UAH 48.35 billion in net profit, 4.4 times as much as over the same period last year. According to the results of the three quarters of 2018, the banking system received a net profit of UAH 10.9 billion," the report reads.

In general, the bank revenues for the first nine months of this year increased by 28% (up to UAH 184 billion), expenses - by 2% (up to UAH 135.6 billion).

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