Ukraine's solvent banks see US$331 mln in profit in 1Q – NBU

Ukrainian solvent banks in January-March 2018 (Q1) received UAH 8.672 billion (US$331 million) in profit, which was up 1.7 times from UAH 5.086 billion ($194 million) year-over-year (y-o-y).

In particular, 68 out of 82 operating banks posted profit with the largest figures reported by PrivatBank (UAH 3.654 billion/$139.5 million), Raiffeisen Bank Aval (UAH 1.381 billion/$52.7 million) and OTP Bank (UAH 612.6 million/$23.4 million), according the banks' balance lists as of April 1, published on the central bank's website.

Read alsoUkraine boosts exports to EU by 26.5% in 1QAt the same time, 14 banks over the period under review posted losses, including Prominvestbank (UAH 294.3 million /$11.2 million), Ukrsotsbank (UAH 290.5 million/$11 million), and Bank Credit Dnipro (UAH 116.9 million/$4.5 million).

As UNIAN reported earlier, net profit of Ukrainian solvent banks in January-February 2018 was estimated at UAH 3.998 billion ($152.7 million), which was 7.1% up y-o-y.

Ukraine's banking system posted a total of UAH 24.4 billion ($932 million) in losses in 2017 due to the significant amount of allocations for the country's reserves