"In 2021, solvent banks received a record high profit of UAH 77.5 billion, which is almost twice as much as in 2020 (UAH 39.7 billion), and by 33% higher than in the pre-crisis year 2019 (UAH 58.4 billion). The return on capital of the sector grew to 35.2% compared to 19.2% in 2020," the report says.
As of January 1, 2022, out of 71 solvent banks, 66 were profitable and received a total net profit of UAH 77.9 billion, which covered the losses of five banks totaling UAH 0.4 billion. The sector's profits are concentrated: the five most profitable banks accounted for 67% of total profits.
As Ukrinform reported, the net profit of Ukrainian banks amounted to UAH 41.3 billion in 2020, which is 29% less than in 2019.
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