bank.gov.ua
The banking sector saw a decline in revenue and spending.
Ukrainian banks' net profit shrank by 59.1% in January-February 2021 year-over-year (y-o-y), to UAH 6.491 billion (US$232.1 million).
That's according to the National Bank of Ukraine.
The banks' revenue over the period under review decreased by 24.1% y-o-y, to UAH 35.1 billion (US$1.25 billion).
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Background
Ukrainian banks received UAH 41.3 billion (US$1.48 billion) in net profit in 2020, which was 29% down against 2019, when the banking sector earned UAH 58.4 billion (US$2.1 billion).