Banks of Ukraine earned 100 billion in half a year, but every fifth one is in the red

100.06 billion UAH — that’s how much Ukrainian banks earned in the first half of 2025 before taxes. This is almost the same result as last year. Tax expenses amounted to 21.99 billion UAH — or 22% of profit.

After paying taxes, 78.07 billion UAH remained. However, not all financial institutions ended up in the black in the first half of the year: 13 banks reported losses. Overall, at present, every fifth bank in the country is unprofitable.

Even those that are profitable do not always show growth: more than a third of profitable banks improved their performance. The leader in dynamics is Metabank, which grew 118 times. PrivatBank shows stable growth: +14%.

The top 10 largest banks remained unchanged. Together they generated 68.05 billion UAH — 87% of the total sector profit.

Almost half of the profit of all Ukrainian banks comes from Privat: 34.88 billion UAH in profit and 11.09 billion UAH in taxes. Among state-owned banks, only First Investment is in the red (-29.43 million UAH). Motor-Bank, on the contrary, went into the black this year for the first time in a long while. Overall, the profit of the group of state-owned banks grew by 4% compared to the same period last year — mainly thanks to the leader.

For foreign banks, profits, on the contrary, fell by almost a quarter — to 16.57 billion UAH. The leader remains Raiffeisen: +10% growth, 4.74 billion UAH in profit and 1.66 billion UAH in taxes.

Privately owned banks are also down by a quarter, with profits of 10.06 billion UAH. PUMB remains first with 3.57 billion UAH — that is −7% compared to last year. Together with Universal Bank (Monobank), they accounted for 59% of the group’s profit.

More than a quarter of the country’s private banks closed the first half of 2025 with losses.

It is worth noting that two banks changed their names: Credit Europe Bank became Nexent Bank, and the Bank of Investments and Savings became Bizbank.

The NBU fined 16 banks a total of UAH 240 million for violations of financial monitoring and currency legislation over 6 months.