PrivatBank reduces profit by 24% to UAH 12.8 billion in Q1

In January-March 2026, PrivatBank reduced profit by 24% to UAH 12.8 billion compared to the same period last year (UAH 16.9 billion).

This is outlined in the bank's statement, Ukrainian News Agency reports.

It is noted that the financial results of the first quarter indicate the key role of PrivatBank in the banking system.

Profit before tax for January-March 2026 reached UAH 25.9 billion, which is 17% more than for the same period in 2025.

Net profit in the first quarter amounted to UAH 12.8 billion.

In the first quarter of 2026, the bank paid UAH 44.1 billion in taxes, of which UAH 42.1 billion was income tax for the fourth quarter of 2025.

In general, according to the results of 2025, PrivatBank transferred UAH 58.2 billion in profit tax to the budget, making one of the largest contributions to the economic stability of the state in the conditions of a full-scale war.

The volume of client funds as of the end of the first quarter of 2026 increased by 19% compared to the first quarter of 2025.

The number of active clients of Privat24 increased by 2%, the number of active business clients - by 4% compared to the same period last year. Credit activity also remained high: the net loan portfolio in the first quarter increased by 44% year-on-year and by 8.8% compared to the beginning of 2026 and reached UAH 170 billion.

The main areas of financing remained energy, the defense-industrial complex, manufacturing, the agricultural sector and logistics.

As Ukrainian News Agency earlier reported, in 2025, PrivatBank reduced its profit by 27% to UAH 29.1 billion compared to 2024 (UAH 40.1 billion).

100% of PrivatBank is owned by the state, represented by the Ministry of Finance.