Banks’ November Profit Makes UAH 7.4 Billion

In November, banks reported a net profit of UAH 7.374 billion.

That follows from the NBU's data, Ukrainian News Agency reports.

In January, banks’ profit was UAH 4.1 billion, in February – UAH 2.4 billion, in March – UAH 4.4 billion, in April – UAH 6.6 billion, in May - UAH 6.3 billion, in June - UAH 6.2 billion, in July - UAH 9.7 billion, in August - UAH 5.8 billion, in September – UAH 5.8 billion, in October - UAH 6.9 billion.

In the first eleven months of 2021, banks’ net revenue made UAH 65.728 billion.

Banks' revenues for eleven months of 2021 amounted to UAH 243.568 billion, expenditures - UAH 177.840 billion.

At the same time, interest income amounted to UAH 152.248 billion, and expenditures - UAH 46.669 billion, fee and commission income - UAH 83.513 billion, and commission expenditures - UAH 31.507 billion.

The NBU notes that in January-November, 52% more net profit was received than in the same period last year (UAH 43.4 billion).

Banks' income for eleven months of 2012 increased by 6% compared to the result for the eleven months of 2020, while expenditures decreased by 5%.

As Ukrainian News Agency earlier reported, in 2020, banks’ profit decreased by 29% to UAH 41.3 billion.

In 2019, solvent banks’ net profit made UAH 59.634 billion.

In 2018, solvent banks’ net profit made UAH 21.7 billion.

In 2014, a total of 19 out of 82 then operating banks were loss-making ones.