Date: 4 weeks ago   Category: Financial

Banks of Ukraine almost doubled profit


In five months of the current year the profit of the banking sector exceeded the general indicator of 2018. In January-May, 2019 solvent banks got 23.4 billion UAH of net profit that is 1.8 times more, than for the same period of last year (12.8 billion UAH). The press service of National bank reports about it. According to the NBU, revenues of banks in five months of the current year grew by 26% to 98.9 billion UAH whereas expenses - for 15% to 75.4 billion UAH. To most of all banks yielded interest income - 63.7 billion UAH, commission income - 24.3 billion UAH, result from revaluation from transactions of purchase and sale - 6.5 billion UAH. In January-May, 2019 expenses of banks made 75.4 billion UAH, including percentage expenses - 30.9 billion UAH, the total administrative costs of 24.4 billion UAH, contributions to reserves of 5.8 billion UAH. "The national bank expects that in 2019 the profitability of the sector will remain high", - noted in the press service of the NBU. Earlier it was reported that solvent banks continue to get record profits. In January-April, 2019 the net profit of financial institutions was 18.1 billion hryvnias – 69.2% more, than for the same period of last year (10.7 billion). Let's remind that following the results of 2018 the banking system of Ukraine updated a historic high on profit – 21.7 billion hryvnias. News from the Correspondent.net in Telegram. Subscribe for our https://t.me/korrespondentnet channel

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