Ukraine’s banks made UAH 119.4 billion in net profit in the first nine months of 2025, up 1.9 per cent from the same period in 2024, the National Bank of Ukraine (NBU) said on Friday.
“In the third quarter, active lending remained a key factor in maintaining banks’ profitability,” the regulator said on its website, which showed net profit for the third quarter was the same as in the first two quarters: UAH 39.9bn compared to UAH 40.0bn in the second quarter and UAH 39.5bn in the first.
As noted by the NBU, net interest income grew by 15.0% to UAH 198.42bn in the first nine months of this year, while net fee and commission income grew by 9.9% to UAH 45.94bn.
At the same time, the result of revaluation of government bonds and from currency purchase and sale operations decreased by almost 31% to UAH 21.37bn, while total administrative expenses increased by 19.7% to UAH 93.64bn.
In the first nine months of last year, banks increased allocations to reserves by UAH 1.81 billion, while in the same period of this year they more than tripled to UAH 5.87 billion.
In the overall structure of banks’ income and expenses for the three quarters of this year, the share of interest income rose to 71.1 per cent from 68.7 per cent a year earlier, while the share of interest expenses fell to 33.5 per cent from 33.7 per cent.
As for the share of fee and commission income, it also increased to 21.5 per cent in the first nine months of this year from 21.3 per cent a year earlier with the share of fee and commission expenses falling to 14.7 per cent from 14.8 per cent.
At the same time, the share of general administrative expenses rose to 31.0% from 29.8%.
Income tax for the period totalled UAH 11.50bn compared to UAH 13.40bn a year earlier.
“Despite the sufficient level of capital, banks may face additional risks from – for the introduction of an increased rate of income tax in 2026,” – said the National Bank.
As reported, the Verkhovna Rada on 21 October 2025 adopted in the first reading of the bill №14097 on the return of the increased rate of taxation of profits of banks at the level of 50% during 2026. In favour of the relevant decision voted 262 people’s deputies.