PrivatBank

The largest Ukrainian bank in terms of assets.

About the company

PrivatBank is the largest Ukrainian bank in terms of assets and the #4 in terms of financial health. As of January 1, 2021, the bank's assets amounted to 386.8 billion UAH, which was 23.2% more than last year. In 2020, the bank reduced its profit by 22.4% compared to 2019 – to 25.3 billion UAH.

According to the results of 2020, the bank will transfer 80% of its 19.4 billion UAH net profit for payment of dividends to the state budget. It is included in the list of systematically important banks. In 2020, Privat joined the BankID system.

Previously, the bank was a part of the financial and industrial group Privat owned by Ukrainian oligarchs Igor Kolomoisky and Gennadiy Bogoliubov. At the end of 2016, the bank was declared insolvent, and the state, represented by the Ministry of Finance, became the owner of 100% shares of the institution. The main reason for PrivatBank nationalisation was the state of its assets.

In April 2021, the Antimonopoly Committee (AMCU) filed a suit against PrivatBank for abusing its monopoly position in the acquiring services market. According to the AMCU, the bank set inflated commissions for transactions, regardless of interchange costs.

PrivatBank on Mind

Banks achieved record profits over five months of the year

This outcome is the best of the last five years

NBU names the most profitable Ukrainian banks in February

The list of 13 unprofitable banks is headed by state-owned Oschadbank

Bank viability rating'2023. The struggle for survival

Among the most reliable are Ukrsibbank, PrivatBank, and Oschad. MTB Bank, Industrialbank, Globus Bank, Alliance Bank, and Accordbank face the highest risks.

More than a third of loans in commercial banks are non-performing. Who is at risk, and what can be done

How the banking sector will take away such debts

Last year, PrivatBank made a net profit of over 30 billion UAH

Profit decreased by 14% compared to 2021

Allies or competitors: Four state-owned banks occupy almost 60% of the business lending market. Are they not cramped in this niche?

And what will happen to them after the war

Those who stand. Bank Ranking – 2022

The largest Ukrainian banks are confidently experiencing the risks caused by the war

PrivatBank launches charitable initiative “Support Ukraine from Abroad”

The bank will send UAH 1 from each card payment to the Armed Forces of Ukraine