Ukraine's bank profits up in 1st quarter

11:18, 18 April 2013
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The combined net profits of Ukraine's banks rose 74 percent year-on-year to 375 million U.S. dollars in the first quarter, a senior central bank official said Wednesday, according to Xinhua.

"Overcoming the negative effects of the global financial crisis, the banking system of Ukraine shows a profitable activity for the second year in a row," Natalia Ivanenko, a regulator at the National Bank of Ukraine, said at a news conference.

The good performance was primarily driven by increased customer deposits, which rose by 2.5 billion dollars in January-March, Ivanenko added.

The official also said the total asset base of Ukrainian banks rose by over 2 billion dollars during the same period.

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