Ukraine's banking system updates record high profit after four years of losses

The last time the banking system made a profit was four years ago.

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Ukraine's operating banks received a net profit of UAH 21.7 billion (US$802.8 million) in 2018, which is the maximum historical indicator.

Prior to that, the last time the banking system made a profit four years ago, in 2013, at the level of UAH 1.4 billion (US$51.7 million), as reported on the website of the National Bank of Ukraine.

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UNIAN memo. As of January 1, 2019, the number of solvent banks that have a license to conduct banking activities in Ukraine amounted to 77 financial institutions.

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