Solvent banks of Ukraine saw Hr 9.234 billion in net profit in April, which is 1.8 times more than in the same period in 2019 (Hr 5.213 billion), according to data released on the website of the National Bank of Ukraine (NBU) on May 22.
According to the release, in the first four months of 2020, banks’ net profit increased 1.4 times, to Hr 25.208 billion compared to the corresponding figure a year earlier (Hr 18.115 billion).
In particular, the income of banks in January-April increased by 16.8% compared to the same period in 2019, to Hr 90.004 billion. Commission income increased by 10.7%, to Hr 20.959 billion, and the figure of revaluation and revenue from sales and purchases increased 3.9 times, to Hr 15.19 billion, while interest income grew by only 0.4%, to Hr 50.784 billion.
At the same time, the expenses of the banking system for the corresponding period amounted to Hr 64.796 billion, which is 9.9% more than in the first four months of 2019. In particular, interest expenses decreased by 4.8%, to Hr 23.364 billion, commission increased by 37.7%, to Hr 7.228 billion, and allocations to reserves – by 1.5 times, to Hr 6.151 billion.
