State-owned PrivatBank received another UAH 2 billion 412.8 million in net profit in February 2023, while its foreign subsidiaries Raiffeisen Bank – UAH 981.7 million and Ukrsibbank – UAH 602.8 million, which accounted for 60.5% of the total profit earned by 52 profitable Ukrainian banks in February.
Source. This was reported by Interfax-Ukraine with reference to the National Bank's report published on its website.
This is followed by a bank with Ukrainian capital, FUIB, with UAH 499.5 million, and two more with foreign capital, Citibank with UAH 444.5 million and OTP Bank with UAH 429.3 million.
In addition, Universal Bank (mono) (UAH 347.4 million) and state-owned Ukrgasbank (UAH 254.5 million) showed significant profits in February, as well as Industrialbank (UAH 196.1 million), Sens Bank (formerly Alfa-Bank) (UAH 196.1 million) and ING Bank Ukraine (UAH 114.7 million).
The list of 13 unprofitable banks is headed by state-owned Oschadbank (UAH 396.5 million) and Ukreximbank (UAH 204.8 million), although in February they even managed to disband some of their reserves – by UAH 426.1 million and UAH 214.8 million, respectively.
Among the small banks, Alliance Bank posted a significant loss of UAH 27.4 million, Motor Bank – UAH 24.8 million, and Family Bank – UAH 21 million.
Overall, in February, banks' net profit fell to UAH 6.6 billion from UAH 14.9 billion in January.
At the same time, while in January the assets of all banks increased by UAH 16.3 billion, in February they increased by UAH 43.2 billion, including state-owned Oschadbank by UAH 9.63 billion, PrivatBank by UAH 8.3 billion, Ukrgasbank by UAH 4.92 billion, and Ukreximbank by UAH 1.69 billion.
Credit Agricole Bank also increased its assets significantly in February, by UAH 5.0 billion, Citibank by UAH 3.21 billion, Pivdenny by UAH 3 billion, Universal Bank by UAH 2.6 billion, Ukrsibbank by UAH 2.5 billion, and Sens Bank by UAH 1.9 billion.
Background. As reported, the National Bank has added Credit Agricole Bank to the list of systemically important banks – the updated list now includes 15 banks.