Ukrainian banks recorded UAH 119.4bn ($2.8bn) in net profit in the first nine months of 2025, up 1.9% from the same period last year, the National Bank of Ukraine (NBU) said on Friday, reported Ukraine Open for Business.

Active lending continued to underpin sector profitability in the third quarter, the regulator said, noting that quarterly profit remained broadly stable throughout the year: UAH 39.9bn in the third quarter compared with UAH 40.0bn in the second and UAH 39.5bn in the first.

Net interest income rose 15% year on year to UAH 198.42bn in the January–September period, while net commission income grew 9.9% to UAH 45.94bn. However, income from the revaluation of government bonds and foreign-exchange operations fell sharply, dropping almost 31% to UAH 21.37bn.

Banks’ administrative costs climbed 19.7% to UAH 93.64bn, and provisions more than tripled to UAH 5.87bn, compared with UAH 1.81bn a year earlier.

The NBU said interest income made up a larger share of overall revenues and expenses, rising to 71.1% from 68.7% last year, while the share of interest expenses edged down to 33.5% from 33.7%. Commission income also slightly increased to 21.5%, with commission expenses dipping to 14.7%.

General administrative expenses accounted for 31.0% of total costs, up from 29.8% a year earlier. Income tax paid during the period fell to UAH 11.50bn, compared with UAH 13.40bn in 2024.

“Despite sufficient capital levels, banks may face additional risks due to the introduction of an increased income tax rate in 2026,” the NBU said.