Net profit of Ukrainian banks down 38.6% in Jan – Regulator

Photo from UNIAN

Photo from UNIAN

The net profit of Ukrainian banks in January 2021 decreased by 38.6% year-on-year, amounting to UAH 4.05 billion (US$145.6 million).

That's according to the National Bank of Ukraine.

The report says the income of Ukrainian banks in January this year decreased by 17.8% compared to last year, amounting to UAH 18.6 billion ($668.6 million).

Read also Latest expert outlook for hryvnia rate by year-end Banks' expenses for the first month of 2021 amounted to UAH 14.5 billion ($521.2 million), which is 9.2% below the figure recorded for January 2020.

Background

Ukrainian banks received UAH 41.3 billion of net profit in 2020, which is 29% less than in 2019, when the banking sector earned UAH 58.4 billion.

Reporting by UNIAN

Unian

Read the top-news of politics in Ukraine and the world, the latest political news from the UNIAN news agency.

https://www.unian.info/

Related news
Violence against women: Portraits released of all women killed by men in the past year.

Violence against women: Portraits released of all women killed by men in the past year.

Over the last year in the UK, 118 women and girls were killed by men. It's a figure so shocking, that the MP Jess Philips read out the name of every victim in the House of Commons on International Women's Day last month. One illustrator has respon...

Scottish Travellers:  Families torn apart in experiment seek government apology.

Scottish Travellers: Families torn apart in experiment seek government apology.

The Scottish traveller community is demanding an apology from the Scottish government over claims of historical mistreatment dating back to the 1940s. The "Tinker Experiment" relocated families in inadequate housing and took children from homes wh...

2

CBSN Originals - The Diversity Dilemma

CBSN Originals - The Diversity Dilemma

In the 1960s, affirmative action policies were created to remedy a lack of representation of women and people of color in the workforce and on college campuses. Supporters say it’s an important tool for dismantling structural racism, while critics...

1

Myanmar protests: Why won't China condemn the military junta's violence? - DW News.

Myanmar protests: Why won't China condemn the military junta's violence? - DW News.

Security forces in Myanmar have reportedly opened fire on medical workers who were taking part in a pro-democracy protest in the city of Mandalay. Hundreds of people have been killed and many more injured since a military coup in February overthre...

Biden 'preparing sanctions against Russia including BANISHING officials from US'.

Biden 'preparing sanctions against Russia including BANISHING officials from US'.

JOE Biden is reportedly preparing sanctions against Russia, including banishing officials from the US, over election meddling and cyber attacks. The president's administration is set to announce a string of measures against Russia on Thursday, acc...

1

Texas, Missouri sue Biden admin to reinstate 'Remain-in-Mexico' policy.

Texas, Missouri sue Biden admin to reinstate 'Remain-in-Mexico' policy.

Texas AG Ken Paxton tells 'Fox & Friends First' that he believes the states will win in court and discusses the debate over reforming the Supreme Court. #FoxNews FOX News Channel (FNC) is a 24-hour all-encompassing news service delivering breaking...