• 24/07/2024 23:41

Privatbank transferred 26 billion hryvnia of income tax and dividends to the state budget

On February 12, 2024, Privatbank transferred to the state budget a profit tax in the amount of UAH 26.0 billion and the first tranche of dividends. This is stated in the bank's message.

Privatbank transferred 26 billion hryvnias of income tax and dividends to the state budget

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Privatbank is the largest taxpayer in the banking sector and one of the largest among all Ukrainian companies.

According to the government decision, Privatbank will use 80% of net profit for the payment of dividends 2023 According to the results of the bank’s work in 2023, its net profit is UAH 37.8 billion.

Read: Ukrainian banks paid UAH 73.5 billion in income tax – Getmantsev< /p>

Recall

Earlier, the Ministry of Finance wrote that Ukrainian banks paid UAH 73.5 billion in income tax, which is 10 times more than in 2022 and 11.5 times more than in 2021.

Banks received high profits due to an increase in net interest income from risk-free transactions with government securities (certificates of deposit, government bonds), against the backdrop of growing interest margins and moderate contributions to reserves, Getmantsev explains.

    Taxes Banks

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