Ukrainian banks increased their net profit by 69%, – NBU

Украинские банки увеличили чистую прибыль на 69%, - НБУ

The national Bank expects that in 2019, the profitability of the sector will remain high.

In January-April 2019 solvent banks received $ 18.1 billion UAH of net profit, according to the national Bank in Facebook, reports the online edition of the Chronicle.info with reference to nv.ua.

This is 69.2% higher than in the same period last year (10.7 billion UAH).

“Banks’ profits for the first four months of this year increased by 29% (to 77 billion), while expenses — by 20% (to 59 billion UAH)”, — stated in the message.

Growth in Bank profits caused by the following factors:

  • the increase in net interest income of banks 18% to 26 billion UAH;
  • the net fee and Commission income of banks by 20% — up to 13.7 billion UAH;
  • a positive result from revaluation and from operations of sales of 3.9 billion UAH.

The national Bank expects that in 2019, the profitability of the sector will remain high.

The NBU has strengthened the official hryvnia exchange rate

Recall that in 2018, the profit of the banking system reached a historic high of 21.7 billion UAH.

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