The banking system generated a net profit of UAH 2.502bn (USD 313mn) in Jan-Aug, a decline of 13.5% y/y, reads a statement made by the National Bank of Ukraine (NBU). Thus, in August, banks posted net profit of UAH 638mn.
Banks' revenues were UAH 106.832bn in Jan-Aug, up by 8.7% y/y, expenses - UAH 104.33bn, up by 9.4% y/y. This includes UAH 83.96bn of the banks' income yield for the eight months, UAH 15.87bn of fee revenues, and UAH 2.85bn of other operating revenues. The banks' interest costs for the mentioned period were UAH 52.28bn, commission expenses - UAH 2.63bn, other operating expenses - UAH 6.14bn, general administrative expenses - UAH 25.68bn, and provision for reserves - UAH 16.51bn.
The foreign capital share went down by 0.2pps to 33.8% in the Ukrainian banking system in August. The total registered share capital of Ukrainian banks amounted to UAH 179.31bn as of September 1, 2013 (UAH 175.20bn as of January 1). Net assets of Ukrainian banks made up UAH 1.2tn as of September 1.
As of September 1, there had been 51 foreign-capital financial institutions of 178 operating in Ukraine (53 foreign-capital banks of 176 operating in Ukraine as of January 1), including 21 banks with 100% foreign capital (22 as of January 1).
Related Articles
Piraeus Bank joins Ukraine’s state-guaranteed loan programme for entrepreneurs
Piraeus Bank has joined a government-backed initiative to support Ukrainian entrepreneurs through state portfolio guarantees, reported Ukraine Business News. The Cabinet of ... more
Belgium threatens to block Ukraine reparations loan unless EU shares risks
Belgium has warned it will block a proposed reparations loan to Ukraine backed by frozen Russian assets unless other EU countries agree to share legal and financial risks, Belgian Prime Minister Bart ... more
NBU keeps rate unchanged, trims GDP outlook amid war risks
The National Bank of Ukraine (NBU) left its key policy rate unchanged at 15.5% for the fifth consecutive meeting and downgraded its economic growth outlook, citing persistent inflation expectations ... more