Ukrainian Banks Earned Nearly UAH 255 Billion in Profit Since the Start of the War — NBU Data

The banking sector of Ukraine demonstrates resilient profit growth despite wartime challenges. According to the National Bank of Ukraine, since the beginning of the full-scale war, the country’s banks have earned nearly UAH 255 billion in net profit.

This is reported by AgroReview

Financial Results of the Banking Sector

In the first quarter of 2025, banking institutions earned UAH 40 billion in profit. A significant portion of this result, 65.7%, was provided by state banks, including PrivatBank. According to last year’s results, in 2024, banks earned UAH 103.7 billion in net profit, which is 25% higher than the corresponding figure for 2023 (UAH 83 billion). The positive dynamics are associated with an increase in lending volumes and investments in domestic government bonds (OVDP).

According to the results of 2023, solvent banks earned UAH 86.5 billion in net profit. This indicates the stability and efficiency of the banking system under martial law conditions.

Impact of the Banking Sector on the Economy

The head of the National Bank, Andriy Pyshny, noted that the NBU is currently not considering the introduction of additional taxation for banks in 2025.

“The financial and insurance sector accounts for about 10% of all revenues to the state budget. It is one of the most transparent and efficient areas of Ukraine’s economy,” emphasized Pyshny.

He stressed that Ukrainian banks remain profitable, have a high level of liquidity and competitiveness. In this regard, it is important to maintain the stability and predictability of tax policy, which will contribute to the further development of the financial sector and the economy of the state as a whole.