Photo: Корреспондент.net Banks continue to refresh the record levels of profitability

In January, banks earned 6.6 billion hryvnia, which is almost a quarter more than the year before.

During the first month of 2020, the income of Ukrainian banks increased by 22% to UAH 6.6 bn. About it reports a press-service of the National Bank Monday, February 24.

The main factors in NBU is called a high operating efficiency and low allocations to reserves.

Banks ‘ profits increased by 12% to 22.6 billion while expenses – by 8% to UAH 16 billion.

In particular, banks have increased profits due to the growth of net interest income by 4% (7.3 billion UAH), growth of net Commission income of banks is 11% (3.5 billion), a positive result from revaluation and from operations of sales of 2,7 billion UAH, the low volume of contributions in banks reserves – 1.3 billion UAH vs. UAH 1.8 bn last year.

As you know, in 2019 solvent banks of Ukraine increased its profit by 2.7 times, to UAH 59.6 billion.

 

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