The profit of state-owned banks in the 1st quarter of 2019 amounted to UAH 8.1 billion

5/23/19

The Ministry of Finance of Ukraine continues to release regular reporting on the activity of its four public sector banks, namely PrivatBank, Ukrgasbank, Ukreximbank and State Savings Bank.

According to the results of the first quarter of this year, public sector banks were profitable. Their net profit (after taxation) amounted to UAH 8.1 billion, while the profit of the banking sector as a whole was UAH 12.9 billion.

In the first quarter, the growth trend in the volume of individual loans, which increased by UAH 2.4 billion (5%), continued. Meanwhile, the volume of corporate loans decreased by 7,1 billion UAH (4%).

The growth of customer finances was also observed. In particular, the finances of individual clients in the reporting period increased by UAH 3.4 billion (1%), while the finances of business entities and non-banking financial institutions grew by UAH 2.4 billion (1%).

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