bank.gov.ua
At the same time, almost 60% of the total profit was generated by PrivatBank.
Profits of Ukraine's state-owned banks in January-June 2019 amounted to UAH 19.5 billion (US$775.04 million), which is 65% of the profit of the entire banking sector.
The Ministry of Finance of Ukraine says, at the same time, almost 60% of all profits in terms of assets were generated by Ukraine's largest PrivatBank (UAH 18.3 billion, or $727.34 million).
According to the report, in the second quarter of this year, an increase in the volume of the credit portfolio of individuals continued. The portfolio amounted to UAH 2.2 billion, or $87.4 million (from January 1, it's UAH 4.6 billion, or $182.83 million), which was due to the growth of consumer lending.
In addition, the Ministry of Finance notes an ongoing trend for the growth of citizen's funds held in deposits, in particular, in 2Q 2019, their volume grew by UAH 4.5 billion ($178.86 million), and compared to year-start – by UAH 7.9 billion ($313.99 million).
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As UNIAN reported earlier, citing the National Bank's report, the majority, or 66 of the 76 banks operating in Ukraine in January-June 2019 made profits, while 10 financial institutions ended the first year-half with a loss.
In particular, PrivatBank, Raiffeisen Bank Aval, Ukrsibbank, PUMB, and OTP Bank received largest profits, while Ukrsotsbank, a subsidiary of the Russian Sberbank, Credit Dnipro Bank, Misto Bank and Pravex Bank saw largest losses.
There are four state-owned banks in Ukraine – PrivatBank, Oschadbank, Ukrgasbank, and Ukreximbank.