Profit of Ukrainian state banks doubled last year – Finance Ministry

Profit of Ukrainian state banks doubled last year – Finance Ministry

Ukrinform
In 2019, Ukrainian state-owned banks received UAH 35.2 billion in profit, which is 2.4 times more than in 2018, the press service of the Ukrainian Finance Ministry reports.

"Following the results of 2019, state-owned banks received UAH 35.2 billion worth of profit, which is 2.4 times more than in 2018 (UAH 14.6 billion)," the report reads.

Meanwhile, UAH 32.6 billion of the total profit received by Ukrainian banks was generated by PrivatBank CB JSC.

In the last quarter of 2019, there was an increase in the size of assets of state-owned banks due to the growth in cash and cash equivalents (by 63%, or UAH 31.5 billion), the NBU’s funds (by 2.1 times, or UAH 27.0 billion) and interbank loans (by 41%, or UAH 25.1 billion).

There was also an increase in customer deposits (by 11%, or UAH 60.6 billion). Thus, the amount of deposits in the corporate sector grew by 27.6%, or UAH 54.1 billion, of individuals - by 5.5%, or UAH 17.6 billion.

As Ukrinform reported, in 2019, the banking sector of Ukraine set a record for profitability. Its total profit amounted to UAH 59.6 billion.

ish


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2021 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-