Despite the war, the banking system is showing high profitability

According to the results of 11 months of 2025, banks received UAH 146.40 billion in net profit (compared to UAH 131.01 billion for the same period in 2024), writes finpuls.com.

During this period, 52 out of 59 solvent banks were profitable. Five out of seven state-owned banks generated profits. Among 38 privately owned banks, 33 were profitable. All banks belonging to foreign banking groups ended the first 11 months of 2025 with profits.

The main volume of net profit of the banking system was generated by state-owned banks – UAH 92.9 billion, or 63.5% of the total. The profit of banks of foreign banking groups amounted to UAH 31.9 billion (21.8%), and banks with private capital – UAH 21.6 billion (14.8%).

The largest net profits were received by: JSC CB PrivatBank (42.3% of the total profit in the system), JSC Oschadbank (10.7%), and JSC Raiffeisen Bank (6.9%).

Among state-owned banks, in addition to PrivatBank and Oschadbank, JSC Ukreximbank was also among the top three leaders.

Among foreign banking groups, in addition to Raiffeisen Bank, the top three included Ukrsibbank and OTP Bank.

Among privately owned banks, JSC UNIVERSAL BANK, JSC FUIB, and JSC Pivdenny were the leaders in terms of net profit.

The income of solvent banks in January–November 2025 amounted to UAH 523.09 billion (compared to UAH 463.72 billion in the same period of 2024).

Interest income accounted for the bulk of banks' income (71.1%). Compared to 2024, their share increased by 2.1 percentage points. State-owned banks accounted for 50.9% of the total interest income of the system, privately owned banks – 26.3%, and banks of foreign banking groups – 22.8%.

The largest amounts of net interest income among state-owned banks were received by JSC CB PrivatBank, JSC Oschadbank, and JSC UKRGASBANK. Among private banks, the leaders were JSC UNIVERSAL BANK, JSC FUIB, and JSC A-BANK. Among foreign banking groups, the leaders were JSC Raiffeisen Bank, JSC UKRSIBBANK, and JSC OTP BANK.

Commission income amounted to UAH 111.82 billion, or 21% of total income (compared to 21.5% for the 11 months of 2024). State-owned banks received UAH 67.12 billion in commission income (60% of the total for the system). Banks belonging to foreign banking groups received UAH 14.77 billion (13.2%), while privately owned banks received UAH 29.93 billion (26.8%).

The net commission income of banks for 11 months amounted to UAH 57.15 billion. Among state-owned banks, PrivatBank JSC (with a significant lead), Oschadbank JSC, and SENS BANK JSC were the leaders in this indicator. Among private banks, the leaders were JSC PUMB, JSC UNIVERSAL BANK, and JSC Pivdenny. Among banks belonging to foreign banking groups, the leaders were JSC Raiffeisen Bank, JSC UKRSIBBANK, and JSC OTP BANK.

The share of trading income amounted to 5.4% of the total income of the banking system (compared to 7.2% in the same period of 2024). The largest amount of such income was received by state-owned banks – UAH 14.88 billion, or 53% of the total trading income. The leaders were JSC CB PrivatBank, JSC Ukreximbank, and JSC Oschadbank.

Private banks earned UAH 7.95 billion in trading income (28.3%). The leaders included JSC UNIVERSAL BANK, JSC FUIB, and JSC BANK CREDIT DNIPRO. Banks belonging to foreign banking groups earned UAH 5.25 billion (18.7%), with Raiffeisen Bank JSC, CIBANK JSC, and UKRSIBBANK JSC among the leaders.

The ratio of total administrative expenses to bank income was 22.24%.

The return on assets of banks for 11 months was 4.55% (compared to 4.65% for the same period in 2024), and the return on equity was 38.18% (compared to 40.49%).

As the data shows, despite the full-scale war that has been going on for almost four years, most banks continue to operate profitably and demonstrate high efficiency.

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