In the first quarter of 2025, solvent banks in Ukraine received net profit in the amount of 40 billion hryvnias, most of which - 65.7% - were formed by state-owned financial institutions. This was reported by the press service of the National Bank, according to Dengi.ua .
Lending remained the main source of support for bank assets and profitability during this period.
Despite a slight decline in the interest margin to 7.4% due to an increase in the cost of liabilities, especially in the corporate segment, net interest income grew by 13.7% year-on-year.
The growth in return on assets was positively affected by the increase in the yield on NBU certificates of deposit, which took place against the background of an increase in the discount rate. At the same time, yields on loans and government bonds (government bonds) remained almost unchanged.
Net fee and commission income increased by 10.4% year-on-year mainly due to growth in income from servicing payment transactions. An additional source of operating income growth was the positive revaluation of government bonds.
"Given the reduction in all major components of operating expenses, banks' operating efficiency increased. Operationally unprofitable for the quarter were 11 banks out of 60", - stated in the message.
It is noted that the profit generated supports the capital of banks, which allows not only to comply with the requirements of the regulator, but also to continue lending to the economy. However, uncertainty in the tax sphere further restrains the realization of investment plans of banks.
The regulator added that there was a decline in capital adequacy in the first quarter of 2025. According to the data for 2024, banks received 91 billion hryvnias of net profit after paying 96 billion UAH of income tax at an increased rate of 50%.
