Ukraine's solvent banks see over $65 mln in net profit in 11 months

Photo from UNIAN

15:20, 27.12.2017

1 min. 208

Ukrainian solvent banks in January-November 2017 received UAH 1.826 billion (US$65.4 million) in net profit against UAH 18.884 billion ($67.6 million) in loss year-over-year (y-o-y), according to the National Bank of Ukraine (NBU).

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The banks' revenue in the 11 months shrank by 2.7% y-o-y, to UAH 161.584 billion ($5.8 billion), while expenses dropped by 13.7%, to UAH 159.758 billion ($5.7 billion).

At the same time, Ukrainian solvent banks saw a UAH 328 million ($11.7 million) loss in November 2017, according to the data provided.

Previously, the NBU reported that the Ukrainian banking sector completes the year 2017 with a profit after three-year record losses.

Read alsoUkraine's central bank estimates costs to curb banking crisis over past 3 yearsAs UNIAN reported, Ukraine's banking system in 2016 updated its record losses, reporting negative results at UAH 159 billion ($5.7 billion). The total annual loss of the banking system, including both operating and insolvent banks, amounted to UAH 160.143 billion ($5.73 billion).

The previous record loss of the Ukrainian banking system was registered in 2015 when the negative financial performance by the operating banks stood at UAH 66.6 billion ($2.4 billion).

Ukraine finances profit bankingsystem solventbanks

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