PrivatBank transfers amount of income tax and 1st tranche of dividends for 2023 to state budget in advance

PrivatBank transferred the amount of income tax and the first tranche of dividends for 2023 to the state budget in advance.

This is stated in the bank's message, Ukrainian News Agency reports.

On February 12, 2024, PrivatBank transferred income tax in the amount of UAH 26.0 billion and the first tranche of dividends to the state budget.

According to the government's decision, PrivatBank will allocate 80% of the net profit for 2023 to the payment of dividends.

According to the results of the bank's work in 2023, its net profit is UAH 37.8 billion.

As Ukrainian News Agency earlier reported, in 2023, PrivatBank increased profit by 25% to UAH 37.8 billion compared to 2022 (UAH 30.3 billion).

In 2022, PrivatBank reduced profit by 14% to UAH 30.25 billion compared to 2021 (UAH 35.05 billion).

100% of PrivatBank belongs to the state represented by the Ministry of Finance.