This period saw banks earning 27% more than in the same period in 2023.
Profitable Banks: Key Figures and Rankings
During this time frame, Ukrainian banks collectively earned 67.97 billion hryvnias in profit after taxation. This performance has translated into a substantial contribution to the state budget, with banks set to pay 16.5 billion hryvnias in income tax, marking a 1.6-fold increase compared to the previous year.
The most profitable banks, accounting for 85% of the total income, are:
PrivatBank:
- Profit: 23.96 billion hryvnias (after tax)
- Market Share: 35% of all banks
- Tax Contribution: 8.04 billion hryvnias
- Performance Change: 6% less than last year
Oschadbank:
- Profit Share: 12.9%
Ukreximbank:
- Profit Share: 6.1%
Raiffeisenbank:
- Profit Share: 5.9%
FUIB (First Ukrainian International Bank):
- Profit Share: 4.7%
Highlights of the Leading Banks
PrivatBank: As the largest state-owned bank, PrivatBank has maintained its leading position despite a slight decrease in profit compared to the previous year. It remains the highest tax contributor among Ukrainian financial institutions.
Raiffeisen Bank: Leading among foreign capital banks, Raiffeisen Bank earned approximately 4 billion hryvnias, which is a 22% increase from the same period last year.
FUIB: Dominating the private capital category, FUIB earned 3.2 billion hryvnias, a 7% increase.
Financial Performance and Tax Contributions
Among the 63 banks operating in Ukraine, seven banks reported losses amounting to a total of 131.83 million hryvnias. Despite these few underperforming entities, the overall banking sector showcased robust financial health and substantial contributions to the national economy.
Additional Information
PrivatBank plans to sell off customer consumer loans from previous years, totaling 4.8 billion hryvnias in debt, by the end of the current year.
Legislation and Financial Solutions: The Ukrainian legislation includes provisions to address situations involving customers with open loans, ensuring fair resolutions with banks and financial institutions.
