You're reading: Ukrainian banks post profits of Hr 652 million in January

Ukraine's banks posted a cumulative net profit of Hr 652 million during January 2012 compared to a Hr 5 million cumulative loss during the same period in 2011, Interfax-Ukraine reported citing figures provided by the National Bank of Ukraine.

Net revenues in year-on-year terms during this period increased by 4.0 percent to Hr 11.7 billion. Expenses decreased by 1.9 percent to Hr 11 billion.