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:
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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
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Oschadbank:
- Profit Share: 12.9%
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Ukreximbank:
- Profit Share: 6.1%
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Raiffeisenbank:
- Profit Share: 5.9%
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FUIB (First Ukrainian International Bank):
- Profit Share: 4.7%
Highlights of the Leading Banks
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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.
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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.
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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
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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.
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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.
