Top Ukrainian Banks by Profit and Other Key Metrics — NBU Report

by Roman Cheplyk
Monday, May 20, 2024
Top Ukrainian Banks by Profit and Other Key Metrics — NBU Report

The National Bank of Ukraine (NBU) has released data on the most profitable banks since the beginning of 2024

State-owned PrivatBank continues to lead in various categories, with other banks fluctuating in rankings based on assets, deposits, profit, or capital.

Overview of Ukrainian Banks

As of 2024, Ukraine has 63 operational banks, categorized as follows:

  • 6 state-owned banks
  • 14 banks under foreign banking groups
  • 43 private capital banks

The number of state-owned banks increased thanks to the acquisition of the First Investment Bank (Pinbank) by the State Property Fund.

Leading Banks by Net Assets

According to the NBU, the top five banks by net assets are:

  1. PrivatBank: UAH 672.7 billion
  2. Oschadbank: UAH 372.1 billion
  3. Ukreximbank: UAH 270.3 billion
  4. Raiffeisen Bank: UAH 195.6 billion
  5. Ukrgasbank: UAH 172.3 billion

Notable changes include Oschadbank showing the largest increase in net assets, while PrivatBank and Ukrgasbank saw decreases.

Leading Banks by Deposit Portfolio

The top five banks by the size of the deposit portfolio from the public are:

  1. PrivatBank: UAH 388.8 billion
  2. Oschadbank: UAH 187.2 billion
  3. Monobank: UAH 67.4 billion
  4. Raiffeisen Bank: UAH 61.1 billion
  5. FUIB: UAH 48.6 billion

FUIB replaced Sense Bank in the fifth position. Deposits in state-owned banks decreased slightly, while those in private banks increased.

Leading Banks by Net Profit

The top five banks by net profit are:

  1. PrivatBank: UAH 13.9 billion
  2. Oschadbank: UAH 4.9 billion
  3. Raiffeisen Bank: UAH 2.5 billion
  4. Ukreximbank: UAH 2.5 billion
  5. FUIB: UAH 2.1 billion

Ukrsibbank dropped out of the top five, being replaced by Ukrexim. Overall, banks earned a net profit of UAH 40.5 billion, an 18% increase compared to the same period last year.

Leading Banks by Equity

The top five banks by equity are:

  1. PrivatBank: UAH 100.4 billion
  2. Oschadbank: UAH 33 billion
  3. Raiffeisen Bank: UAH 24.4 billion
  4. FUIB: UAH 19.6 billion
  5. Ukrsibbank: UAH 19 billion

The top five leaders by equity remained unchanged during the first quarter. As of May 1, all solvent banks, except for Ukrexim, complied with H2 and H3 standards regarding the adequacy of regulatory and core capital.

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