KYIV, Jan 27 – PrivatBank, Ukraine’s largest bank, said Wednesday profits dropped 22.4% on the year to UAH 25.3 billion in 2020, down from UAH 32.6 billion in 2019, due to higher expenses caused by the coronavirus pandemic.

Anna Samarina, chairperson of the Management Board at PrivatBank, said the management was happy with the results achieved during the health crisis that had put the entire economy on a standstill for months.