The banking sector of Ukraine has shown significant profitability growth since the beginning of the full-scale war. According to the National Bank of Ukraine, the total profit of banks during this period amounted to approximately 255 billion hryvnias.
This is reported by Finway
A Significant Portion of the Profit Came from State Banks
In the first quarter of 2025, banks in Ukraine earned 40 billion hryvnias in profit. Of this, 65.7% was generated by state financial institutions, including PrivatBank. In 2023, solvent banks recorded a net profit of 86.5 billion hryvnias. In 2024, the net profit of banks rose to 103.7 billion hryvnias, which is 25% higher than the previous year’s figure of 83 billion hryvnias. The growth in financial results was influenced by an increase in lending volumes and investments in government bonds (OVDP).
The Sector Remains Stable and Provides Significant Budget Revenues
NBU Chairman Andriy Pyshny noted that the issue of additional taxation for banks in 2025 is not currently under consideration. According to him, the financial and insurance sector accounts for approximately 10% of all revenues to the state budget of Ukraine, remaining one of the most transparent and efficient areas of the economy.
“Ukrainian banks remain profitable, liquid, and competitive, and therefore it is important to maintain predictability in tax policy,” emphasized the NBU chairman.