Ukrainian banks post almost $107 mln in loss in 9 months

Ukrainian solvent banks over the period under review received UAH 1.405 billion ($52.3 million) in profit with the largest figures posted by Raiffeisen Bank Aval (UAH 4.032 billion/$150 million) and state-owned Ukreximbank (UAH 1.465 billion/$54.5 million), it said.

At the same time, 17 out of 88 solvent banks posted losses, including Prominvestbank (UAH 4.917 billion/$183 million), PrivatBank (UAH 1.605 billion/$59.7 million), Ukrsotsbank (UAH 1.559 billion/$58 million), and VTB Bank (UAH 1.449 billion/$53.9 million).

Read alsoNBU cancels "anti-crisis" resolution reallowing sanctions against banksFour insolvent banks received UAH 4.273 billion ($159 million) in loss, including the largest figure registered in Rodovid Bank (UAH 3.409 billion/$126.9 million) and Financial Initiative bank (UAH 831 million/$31 million).

As UNIAN reported, the banking system of Ukraine in 2016 updated the historical maximum for losses, recording a negative result at UAH 159 billion ($5.9 billion). The total annual loss of the banking system, including both operating and insolvent banks, amounted to UAH 160.143 billion ($6 billion).

Read alsoInfrastructure Minister reveals Ukraine's losses due Russia's "bridge to Crimea" constructionThe previous record loss of Ukrainian banking system was recorded in 2015, when the negative financial performance by operating banks stood at UAH 66.6 billion ($2.5 billion).