Profit of Ukrainian banks increased by 26.8%
The National Bank of Ukraine reported an increase in net profit of banks to 67.968 billion hryvnias from the beginning of 2024
This is evidenced by data from the National Bank of Ukraine (NBU). The report notes that banks' revenues for January-May 2024 grew by 19.0% to UAH 204.534 billion, with interest income rising by 23.3% to UAH 143.195 billion.
The NBU said in its Financial Stability Report for June 2024 that sustained profitability contributes to banks' ongoing capital build-up. This enables the NBU to further implement European regulatory requirements.
Banks' capital should fully cover credit, market and operational risks in line with European requirements by the end of 2024.
The National Bank forecasts the unemployment rate to fall to 10.6% in 2026. Real wages in Ukraine are also expected to exceed the pre-war level.