• 13/07/2024 01:37

Bank profits increased significantly despite the war: who earned the most

Banks operating in Ukraine received UAH 160 billion last year. arrived. This is almost double the number in 2021, before the full-scale invasion began. However, banks will have to pay taxes, which amount to almost half of this money. Detailed statistics were published on the Opendatabot website.

Bank profits have increased significantly, despite the war: who earned the most

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General statistics

According to the National Bank, 63 banks are currently operating in Ukraine. Last year, their income increased fourfold (compared to 2022) and even almost 2 times more than before the start of the big war.

However, the banks received much less net profit last year – only 86 .54 billion UAH. At the same time, this is still 12% more than before the start of the full-scale invasion. Then 71 banks received a profit of UAH 77.53 billion.

Banks must pay almost half of their profit as profit tax under the new law – 46% or UAH 73.45 billion. For comparison, in 2021 the tax was almost 12 times less: UAH 6.37 billion. or 7.6% of profit.

Only 7 banks out of 63 ended 2023 with a loss of UAH 245 million.

This is what the TOP 10 most profitable banks in 2023 look like year:

Bank profits have increased significantly, despite the war: who earned the most

State banks

63% of the total profit of all banks falls on 5 state banks – UAH 54.71 billion. Privat consistently leads in profit among all Ukrainian banks: UAH 37.76 billion for 2023. This is 8% more than in 2021.

Meanwhile, Oschadbank last year was able to increase its profit 4 times and received UAH 4.75 billion in net profit. Also added to the state-owned banks was Sense Bank, nationalized in 2023.

Bank profits have increased significantly despite the war: who earned the most

Foreign banks

14 banks with foreign capital earned UAH 22.43 billion. By comparison, on the eve of the full-scale invasion, 20 banks of this group earned almost the same amount.

Raiffeisen became the leader in profit last year: UAH 4.78 billion. Together with Ukrsibbank, which almost tripled its earnings compared to 2021, they received 40% of the profit of the entire group.

Most foreign banks were able to increase their income last year compared to 2021. The largest increase was shown by Deutsche Bank: 18 times.

Bank profits have increased significantly, despite the war: who earned the most

Private capital

According to the results of the year, private banks are doing the worst. Last year, 44 banks with private capital received UAH 9.4 billion in profit. This is 25% less than before the start of a full-scale war.

Bank profits have increased significantly, despite the war: who earned the most

Almost 2/3 of the total profit of this group comes from 2 banks: FUIB, the leader of the group – UAH 3.95 billion, which is 5% less than in 2021, and Universal Bank (Monobank) – whose profit decreased by 1.6 times compared to 2021.

On topic: Four times higher: in 2023, the profit of the banking sector reached UAH 86.5 billion

    Banks

minfin.com.ua

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