10:39 08.09.2020

PrivatBank remains most profitable Ukrainian bank, Ukreximbank unprofitable in seven months

2 min read
PrivatBank remains most profitable Ukrainian bank, Ukreximbank unprofitable in seven months

State-controlled bank PrivatBank in January-July 2020 continues to top the list of profitable Ukrainian banks with a financial result of UAH 16.2 billion, while the largest loss since April 2020 has been recorded by state-owned Ukreximbank (UAH 2.24 billion), according to data posted on the website of the National Bank of Ukraine (NBU).

According to the report, the second position in the list of the most profitable Ukrainian banks continued to be occupied by Oschadbank (UAH 4.32 billion), the third by Raiffeisen Bank Aval (UAH 2.46 billion). The fourth is still FUIB (UAH 1.5 billion), the fifth is OTP Bank (UAH 908.94 million), which climbed two steps, having received UAH 319.78 million of net profit in July.

In terms of losses in July, the list did not change: in the seven months of 2020, Prominvestbank ranked second (PIB, UAH 330.93 million), Credit Dnipro Bank ranked third (UAH 184.42 million), Pravex Bank ranked fourth (UAH 99.86 million), BTA Bank ranked fifth (UAH 67.17 million), according to the central bank's statements.

In the seven months of 2020, solvent banks in Ukraine received UAH 28.39 billion of net profit, which is 23% less than in the same period of 2019 (UAH 36.73 billion).

During this period, 58 out of 75 banks operating in Ukraine were profitable, according to the NBU data.

According to the regulator's statistics, in the seven months of 2020 in terms of total assets PrivatBank retained the first place in the rating (UAH 585.21 billion), Oschadbank ranked second (UAH 275.82 billion), Ukreximbank ranked third (UAH 239.05 billion), Ukrgasbank ranked fourth (UAH 163.13 billion), and Raiffeisen Bank Aval ranked fifth (UAH 104.17 billion).

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