Ukrainian banks increase profits eightfold

In January-September, Ukrainian banks made UAH 10.9 billion ($386.9 million).

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Solvent banks in Ukraine over January-September 2018 received UAH 10.9 billion (($386.9 million) in profit, which is 8 times the indicator over the same period last year at UAH 1.4 billion ($49.7 million), according to the National Bank of Ukraine.

Operating income of banks during the period under review increased by 20.3% at the expense of net interest and commission income, and expenses – by 24.5%.

Read alsoSolvent banks' assets up by US$498 mln in Sept – NBU

According to the regulator, for 9 months the sector has formed UAH 19.9 billion of reserves, which is 24.2% lower than in the same period last year.

As UNIAN reported earlier, solvent banks in January-August 2018 received UAH 13.747 billion (almost $488 million) in profit, which is 4 times more year on year (UAH 3.429 billion, or $121.7 million, in the same period of 2017).

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