Ukrainian state-owned banks got UAH 23.1B in profit in 2020 – Finance Ministry

“In 2020, public sector banks got UAH 23.1 billion in profit. At the same time, the profit of JSC CB PrivatBank amounted to UAH 25.3 billion (61.3% of the total profit of the banking system), JSC Ukreximbank recorded a loss of UAH 5.6 billion,” reads the report.

Since the beginning of 2020, the loan portfolio of bank customers decreased by 1.1% (UAH 2.5 billion), in particular, due to quarantine restrictions.

In the fourth quarter of 2020, there was a slight increase in loan portfolio (by 0.1%, or UAH 0.2 billion). In 2020, the volume of customer funds in banks increased by 20.8% (UAH 126.5 billion). In particular, funds of legal entities grew by 24.9% (by UAH 62.2 billion), funds of individuals - by 20.7% (by UAH 70.2 billion).

As Ukrinform reported, in 2020, Ukrainian banks generated UAH 41.3 billion in net profit, which is 29% less than in 2019, when the banking sector earned UAH 58.4 billion.

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