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Banks in Ukraine have laid off about 20% of employees over 2 years – review

Over two years, the number of bank employees in Ukraine decreased by 24 thousand by 19.8% and amounted to 97 thousand employees at the end of 2023. This is stated in the NBU's review of the banking sector.

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Staff reduction

“For the first time since the beginning of the full-scale invasion, banks provided reports on the number of full-time employees: it, as expected, decreased in all groups of banks” , noted the National Bank.

Thus, the number of employees of banks with foreign capital fell the most – by 14.4 thousand, or 42.9%, to 19.2 thousand people. Private banks reduced their staff by 5.2 thousand people, or 15.7% – to 27.9 thousand people.

Read: Behind the doors of the National Bank: how NBU staff work, how much they earn and why they don’t think about profits

Employees of state banks, including Sense Bank, nationalized in 2023, decreased by 4.4 thousand or 8.1 over the year % – 50 thousand

The largest Ukrainian bank Privatbank laid off 2.3 thousand employees, or 9.9%, and by the end of last year it employed 20.5 thousand people, while other state banks — 29.4 thousand, which is 2.1 thousand, or 6.8% less than two years earlier.

As a result, the share of bank employees working in state banks increased from 44.9% before the war to 51.5%.

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