Banks earn almost UAH 255 billion since beginning of war

Banks have earned almost UAH 255 billion since the beginning of the war.

This is evidenced by data from the National Bank of Ukraine, Ukrainian News Agency reports.

Thus, in the first quarter of 2025, the banking sector received UAH 40 billion in profit, 65.7% of which was generated by state-owned banks, including PrivatBank.

In 2024, banks received UAH 103.7 billion in net profit due to the growth in the volume of loans and investments in government bonds, which is 25% more compared to 2023 (profit was UAH 83 billion). The profitability of loans in 2024 stabilized, but their volumes continued to grow. Over the year, the net hryvnia loan portfolio of businesses increased by 21%, and the population - by almost 40%.

An additional factor in maintaining the profitability of banks in 2024 is the growth in the volume of investments in government bonds for the year by 35%.

Solvent banks received UAH 86.5 billion of net profit in 2023.

In 2022, banks reduced net profit by 68% to UAH 24.7 billion.

Previously, the media repeatedly reported that banks received excess profits partly due to investments in NBU certificates of deposit.

As Ukrainian News Agency earlier reported, the Cabinet of Ministers proposes that the Verkhovna Rada introduce a tax for sellers on OLX, Rozetka, Prom, and others.

The Verkhovna Rada Committee on Finance, Tax and Customs Policy recommends adopting a bill on cryptocurrency taxation as a basis.

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