Ukrainian banks profit down 13.5% y/y to UAH 2.5bn (USD 313mn) in Jan-Aug.

By bne IntelliNews September 22, 2013

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

Norway's Scatec Solar to construct €85mn solar plant in Ukraine

Norway's Scatec Solar is going to begin the construction of a €85mn solar power with a total capacity of 83 MW in Ukraine's Cherkasy region this year, according to the company's June 12 ... more

Macedonia blocks bank accounts of Kazandol project investors

The bank accounts of Copper Investments (COPIN), the investor in Macedonia’s Kazandol mining project via its subsidiary Sardich MC, have been blocked since April 12 and the company’s employees ... more

Finland gives final nod to construction of Nord Stream II

Finland has issued a second and final permit for the construction of the controversial Nord Stream II pipeline that is to pump gas from Russia directly to Germany via a Baltic Sea route, the Regional ... more