Solvent banks in Ukraine make UAH 1.4 bln since year-start

The regulator noted that in the first half of 2017 the country’s banking system remained unprofitable - as of July 1, the net loss amounted to UAH 1.85 billion.

The NBU says profits came as the banks in the third quarter of 2017 ensured positive financial result at UAH 3.25 billion.

According to the central bank, the sector’s profitability was positively affected by a significant, decrease in the third quarter of allocations by banks to the reserves, a twofold drop against the second quarter, down to UAH 6.18 billion.

Among other positive trends of the third quarter of 2017 was the growth of net interest income on transactions with the population, as well as net commission income from cash management services.

Read alsoNBU raises refinancing rate to 13.5%Over the nine months of the year, state-owned banks demonstrated profits totaling UAH 2.15 billion (excluding PrivatBank) and private-equity banks - at UAH 0.91 billion. Banks with foreign capital reported a total net loss of UAH 0.03 billion due to the unprofitable activity of banks with state-owned Russian capital, whose aggregate financial loss amounted to UAH 6.28 billion.

Read alsoEx-owners of over 20 insolvent banks in Ukraine try to "revive" them via courts – NBUAs UNIAN reported earlier, Ukraine's banking system in 2016 updated the historical record in terms of losses, seeing a negative result at UAH 159 billion.

The loss of the banking system, including insolvent banks, amounted to UAH 160.143 billion. The previous record loss of the country’s banking system was seen in 2015 when the negative financial result of operating banks totaled UAH 66.6 billion.