The banking system of Ukraine started the year with income – NBU
In January 2017 the Ukrainian banking system showed a net profit of $ 338 million. Last year in January was a huge minus – 890 million UAH of net loss.
Such data are the national Bank of Ukraine and clarifies that we are talking only about solvent banks.
“The profitability of the banking system in January 2017 was provided primarily by growth in net interest income by 29.5% (compared to the same period in 2016) to 4 billion 131 million, net Commission income – by 24.8%, to 2 billion 78 million UAH. This was possible thanks to lower funding costs, primarily deposits, as well as the recovery of demand for banking services,” – said the NBU.
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On the total profitability of banks has also affected the positive result from trading operations: this indicator in January of 2017 amounted to 484 million against minus UAH 1 billion 841 million UAH at the beginning of 2016 because of the effect of currency revaluation of securities.
“However, the contributions to the reserves of solvent banks in January 2017 increased 2.45 times, compared with the same period last year – up to 3 billion 112 million UAH”, – said controller.
Recall that the banking sector of Ukraine has completed the 2016 year with record losses.