The financial institutions continued laying off their employees last year.
The National Bank of Ukraine (NBU) says the number of bank branches in 2020 decreased by 868, while that of ATMs declined by 1,177.
That is according to the regulator's February review of the banking sector published on the NBU's website on February 17.
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The financial institutions continued lay-offs last year, their number decreased by 5,000 people.
In addition, the number of ATMs is "constantly declining," the NBU said. Last year, banks withdrew 1,175 ATMs from their networks.
The number of active payment cards was growing rapidly in the last two quarters of 2020. Private banks were in the lead in October-December 2020, the report said.
In 2020, Ukrainian-registered banks posted UAH 41.3 billion (US$1.5 billion) in net profit, which was 29% down from a record high of UAH 58.4 billion (US$2.1 billion) in 2019.
In 2020, some 65 banks out of 73 solvent banks turned out to be profitable, having posted UAH 47.7 billion (US$1.7 billion) in net profit, which overlapped eight banks' losses totaling UAH 6.4 billion (US$229.4 million).