|Ukraine’s banks receive UAH 4.05-bln in cumulative profit in January|
Journal Staff Report
The solvent banks of Ukraine in January 2021 received UAH 4.05 billion of net profit, which is 1.6 times less than in the same period in 2020 (UAH 6.592 billion), according to data posted on the website of the National Bank of Ukraine (NBU). The banks' revenues in January fell by 17.8% year-on-year, to UAH 18.6 billion. In particular, interest income declined by 4% (to UAH 13.011 billion), while fee and commission income increased by 10.7% (to UAH 5.438 billion).