Banking paradox: record UAH 100 billion profit in six months, but every fifth bank is at a loss
Kyiv • UNN
The Ukrainian banking system ended the first half of 2025 with a profit of UAH 100.06 billion before tax. However, 13 banks remain unprofitable, and every fifth market participant is operating at a loss.
The Ukrainian banking system completed the first half of 2025 with a pre-tax profit of UAH 100.06 billion, which is almost equal to last year's figure. At the same time, the picture is not unambiguous: 13 banks remained unprofitable, and every fifth market participant is operating at a loss. This was reported by Opendatabot, writes UNN.
Details
State giants pull the sector forward, while foreign and private banks cut profits
After paying taxes (22% of profit, or UAH 21.99 billion), the sector had UAH 78.07 billion in net profit. However, the lion's share of the result was provided by state-owned banks, especially PrivatBank, which generated almost half of the total profit - UAH 34.88 billion (paying UAH 11.09 billion in taxes).
Leaders and outsiders
The top 10 banks generated UAH 68.05 billion, or 87% of the total profit.
Among state-owned banks, only First Investment (-UAH 29.43 million) was in the red.
Motor-bank turned a profit for the first time in several years.
A real "surprise" was Metabank, whose profit increased 118 times.
Unlike the state sector, banks with foreign capital recorded a profit drop of almost 25% - to UAH 16.57 billion. Raiffeisen Bank remains the leader among them, having managed to increase its profit by 10% (UAH 4.74 billion).
Banks with private capital also showed a decline: -25% compared to last year, with a total profit of UAH 10.06 billion. The group is dominated by PUMB with UAH 3.57 billion (-7% y/y) and Universal Bank (Monobank). Together, they account for 59% of the private players' results.
At the same time, more than a quarter of private banks completed the first half of the year with losses.
