The National Bank of Ukraine published data on bank profits for the first quarter of 2025. During this period, solvent banks received 40 billion hryvnias in net profit, of which 65.7% was provided by state financial institutions. About this reported NBU press office.
“During the first quarter of this year, lending became a key factor in supporting assets and profitability of banks while maintaining high operational efficiency and low deductions to reserves”, the message says.
Banks’ net interest income for January-March increased by 13.7% year-on-year, despite a slight decrease in the interest margin to 7.4%, which was caused by the increase in the value of liabilities, primarily in the corporate sector.
The increase in the profitability of assets was influenced by the increase in the yield of highly liquid certificates of deposit of the NBU, which accompanied the cycle of raising the discount rate. At the same time, the profitability of the loan portfolio and bonds of the domestic government loan remained stable.
According to the NBU, net commission income increased by 10.4% compared to the same period of the previous year, mainly due to the growth of income from payment services. An additional source of operating income was the positive result from the revaluation of the OVDP.
“In view of the reduction of all main components of operating costs, the operational efficiency of banks increased. 11 banks out of 60 were operationally unprofitable for the quarter”, the National Bank reported.
We will remind you that according to the results of 2024, banks in Ukraine received UAH 103.7 billion in net profit — UAH 17.2 billion more than a year earlier. The largest share of profit, 39%, was provided by the state-owned Privatbank.
