REUTERS
Solvent banks in January-March 2017 received UAH 5,086 billion of net profit against UAH 8,011 billion loss for the same period last year, according to the National Bank of Ukraine’s report released on its website.
In the first quarter, all groups of banks, with foreign and private capital, as well as state-owned financial institutions, saw profits.
At the same time, banks with state capital received more than half of the entire banking system’s net profit, that is UAH 3.01 billion. However, the NBU notes that by the end of the year, this figure can be offset by an increase in allocations to reserves under active operations.
It is also reported that out of 92 solvent banks, 72 reported profit in the first quarter, with a cumulative positive result at UAH 6.87 billion, while another 20 banks remained unprofitable with a cumulative negative result of UAH 1.78 billion.
Read alsoUkraine's international reserves rise to $17.2 blnAs UNIAN reported earlier, Ukraine’s banking system in 2016 updated the historical maximum for losses, seeing a negative result at UAH 159 billion, according to preliminary data. Taking into account insolvent banks, the loss of the banking system amounted to UAH 160.143 billion.
The previous record low of the banking system of Ukraine was recorded in 2015, when the negative financial result of operating banks was at UAH 66.6 billion.