Loss of operating Ukrainian banks reaches UAH 6.596 bln as of Sept 1

14:11, 30.09.2016 1 min read

The loss of operating banks in Ukraine in January through August 2016 totaled UAH 6.596 billion, which is 85.3% down year-over-year, the regulator has reported on its website.

The NBU explained that the loss fell thanks to the decline in payments to reserves for active transactions by 62% or UAH 50.4 billion.

The central bank said that banks' profit in August 2016 was UAH 2.7 billion.

Loss from trading operations decreased by UAH 1.8 billion and other operating income – by UAH 1.4 billion. Fee and commission income grew by UAH 900 million. A total of 78 banks out of 100 operating banks saw UAH 3.7 billion of profit in August and 22 banks saw a loss of UAH 1.1 billion.

Net interest income of banks in August almost doubled to UAH 4.9 billion and net commission income – UAH 2.2 billion, a rise of 4.7%.

Net interest income grew mainly thanks to restructuring of the banks' loan portfolios.