KYIV, Aug 14 – The banking system of Ukraine in January-June 2017 saw UAH 1.85 billion of net loss, the National Bank of Ukraine (NBU) reported on its website.

The NBU also recalled that in Q1 2017, profit of the banking system was UAH 4.1 billion (taking into account adjusting entries as of May 15, 2017).

"The main reason why the figures worsened was large growth in sending the funds to reserves by banks in Q2 2017, to UAH 12.5 billion. Two banks formed a lion's share of them – PrivatBank and Prominvestbank (PIB)," the central bank said.