Banks continue to show a trend of increasing profitability

16.03.2020

16 March 2020 Rating Agency “Standard-Rating" (Ukraine) summarized the results of his twenty-eighth “reliability Rating (attractiveness) Bank deposits”. The results of the 2019 indicate that the banking system of Ukraine continued the tradition of exponential growth. The total amount of banks ' profits after tax for the year 2019 was almost 59,634 bln. the net interest income exceeded 80,295 bln. and the size of the net Commission income of — 43,973 bln. If to compare to indicators of 2018, the profits of the banks increased by 2.67 times, net interest income — by 9.93%, net fee and Commission income — by 16.3%. Of the 56 banks that participated in the ranking, 32 showed a reduction in NPL (the share of bad loans), only 4 banks showed loss, and none of the 56 banks had negative net interest income. Against the background of lower interest rates on loans and deposits of banks showed the trend of growth of profitability.

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