Photo from UNIAN
PrivatBank, Raiffeisen Bank Aval, OTP Bank, FUIB, and Prominvestbank were in the lead in terms of profitability.
The National Bank of Ukraine (NBU) says most of operating banks in Ukraine, or 69 out of 77 solvent banks, in January-March 2019 posted profit, while eight financial institutions completed the first quarter (Q1) with a loss.
The most profitable were such solvent banks as PrivatBank (UAH 7.6 billion, or US$288.5 million), Raiffeisen Bank Aval (UAH 1.1 billion, or $41.8 million), OTP Bank (UAH 793 million, or $30.1 million), PJSC First Ukrainian International Bank/FUIB (UAH 757 million, or $28.7 million), and Prominvestbank (UAH 633 million, or $24 million).
Read alsoUkraine's National Bank raises dividends repatriation limit
Five banks posted most losses: Sberbank (UAH 1 billion/$38 million), Bank Credit Dnipro (UAH 488 million/$18.5 million), Ukrsotsbank (UAH 168 million/$6.4 million), Pravex Bank (UAH 25 million/$949,127), and Misto Bank (UAH 9 million/$341,686).
UNIAN memo. Ukraine's operating banks in January-March 2019 posted UAH 12.9 billion, or $489.7 million, in net profit, which was 1.5 times up year-over-year.