In the first half of 2024, solvent banks received UAH 79 billion in net profit, which is 17% more than the profit of UAH 67.6 billion for the same period last year.
This is stated in the message of the NBU, the Ukrainian News agency reports.
In June, banks earned UAH 11.1 billion in profit.
The main drivers of profitability are maintaining a high net interest margin and almost zero deductions to reserves for losses from active operations.
During the second quarter, the profitability of the main types of bank assets decreased.
The yield on NBU certificates of deposit fell the fastest, while banks reduced the volume of these investments.
Market rates for government domestic loan bonds and loans also decreased, while their volumes increased.
Banks have maintained a sufficiently high net interest margin and increased their income due to the increase in assets.
The profitability of banks' capital for the first half of 2024 was 48.4%, which is lower than the similar indicator of the first half of 2023 at the level of 56%.
On the other hand, the amount of income taxes charged by banks is increasing, for the first half of the year they amounted to UAH 22 billion.
In the first half of the year, only seven small banks out of 62 solvent ones were unprofitable with a total loss of UAH 171 million.
As the Ukrainian News agency earlier reported, for 2023, according to updated data, banks received UAH 82.8 billion in net profit after charging UAH 76.2 billion of income tax at an increased rate of 50%.
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