KYIV, Nov 1 – Solvent banks in Ukraine in January-September 2019 earned UAH 48.35 billion in net profit, which is 4.4 times more than in the same period last year (UAH 10.9 billion), the National Bank of Ukraine (NBU) said.

According to a report on the regulator's website, banks' income for the first nine months of this year increased by 28%, to UAH 184 billion, expenses by 2%, to UAH 135.6 billion. The high dynamics of bank income was determined by the growth of net interest and commission income of the banks, by 18%, to UAH 59.5 billion and by 14%, to UAH 32.3 billion respectively, due to a rapid development of consumer lending and non-cash transactions with the population.