REUTERS The largest losses in January-September 2018 among the banks operating in Ukraine were reported by subsidiaries of Russian state-owned banks, Sberbank and VTB Bank, which accounted for UAH 8.783 billion ($311.7 million), according to the National Bank of Ukraine. Sberbank received a loss of UAH 6.995 billion ($248.3 million), while VTB Bank lost UAH 1.8888 billion ($67 million). Read alsoNBU expects to reduce inflation to 5% in 2020 According to the data released, the majority, or 65 of the 81 banks operating in Ukraine, over the 9 months of 2018 posted a profit. The highest profit figures are reported by PrivatBank (UAH 5.093 billion) and Raiffeisen Bank Aval (UAH 4.071 billion). As UNIAN reported, Ukraine’s solvent banks for January-September 2018 received UAH 10.9 billion ($386.9 million) in profit, the figure 8 times higher than that for the same period last year at UAH 1.4 billion ($49.7 million).