"In the first nine months of the current year, the net profit of the banking sector was UAH 10.9 billion, of which UAH 2.7 billion - in the third quarter,” reads the report.
Operating income over the reporting period grew by 20.3% year-on-year primarily due to the growth of net interest and commission income, while expenses rose by 24.5% year-on-year.
Operating profit of banks before the formation of reserves increased by 13.5% year-on-year.
In January-September 2018, the banking sector formed reserves for the sum of UAH 19.9 billion, which is 24.2% less than in the same period last year.
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