Bank revenue increased by 16.8% for the period
Ukraine’s working banks received $ 25.2 billion in profits in the first four months of 2020, a 39% increase from the same period last year.
According to UNIAN, citing NBU figures, banks’ income for the period rose 16.8% to $ 90 billion, with spending – up 9.9%, to $ 64.8 billion. Banked data has not yet been released.
At the end of 2019, working banks in Ukraine received positive financial results, earning $ 59.6 billion. Compared to the indicator for 2018, bank profits nearly tripled. Last year, the biggest profits were PrivatBank (32.6 billion UAH), Raiffeisen Bank Aval (4.7 billion UAH), FUIB (2.6 billion UAH), Ukrsibbank (2.6 billion UAH) and OTP Bank (2.5). Billion dollars).
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We previously wrote that in May the National Bank fined two banks and a financial company for violating the law in the area of financial surveillance. Fines were imposed in relation to Taskcombank, Polycombank and WeforPay payment service.
Read: How the epidemic has changed banks: the digital revolution and new trends
According to the content unian.net