In the first year of the war, Ukrainian banks made a net profit of UAH 24.7 billion, which is more than three times less than in 2021.
Due to the war, banks made less profit last year and more than 20 banks lost. writes about it Focus in a new review “Losses, foreign exchange outflows, fixed exchange rates. How banks survived the first year of the war”.
“War is the main and only factor. Due to the invasion, business and population suffered, the financial situation and ability to service previously received loans worsened. The result is an increase in the volume of non-performing loans and an increase in deductions to the allowance for loan losses. These reserves “eaten” banks’ profitability in 2022“, – says Case Ukraine Associate Specialist Evgeniy Dubogryz.
As he reported Focus Orest Korenovsky, Executive Director of Kredobank, Provisions for possible losses from the deterioration in the quality of loan portfolios and growth in non-performing loans had the greatest impact.
“In 2022, the banking system as a whole created reserves of UAH 118.8 billion (vs. UAH 3.4 billion in 2021). It is this factor that is decisive, because in 2022 the operating income of banks increased by 38.3% compared to 2021, while operating expenses increased insignificantly (+3.9%).“, – says Maxim Tsymbal, deputy chairman of the board of directors of Pivdenniy bank.
Which banks got the most profit in 2022?
|
Bank |
Profit, billion UAH |
|
Private Bank |
30.25 |
|
Ukribbank |
3.53 |
|
Citibank |
2.82 |
|
universal bank |
2.4 |
|
Raiffeisen Bank |
1.55 |
Source: NBU
In 2022, while 46 banks made profit in Ukraine, 21 banks lost at the end of the year. According to the results of the year, the state-owned PrivatBank became the most profitable – its net profit reached UAH 30.25 billion, and the most unprofitable was Sens Bank (formerly Alfa Bank Ukraine), whose negative financial result was about UAH 7 billion. .
Which banks suffered the most in 2022?
|
Bank |
Loss, billion UAH |
|
Sens Bank |
-6.96 |
|
ukreximbank |
-6.88 |
|
Ukrgasbank |
-2.76 |
|
ProCredit Bank |
-1.65 |
|
Idea Bank |
-0.65 |
Source: NBU
Previously Focus He wrote that the number of bank branches in Ukraine is decreasing – due to the all-out war with Russia, since February 24, 2022, banks have already closed every five branches.
Source: Focus
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