National Bank of Ukraine announces record profit of banking system

Working banks of Ukraine according to the results of the previous year, 2019, received a positive financial result at the level of 59.6 billion UAH. The relevant data was published on February 13 by the Ukrainian National Bank, the correspondent news agency reports. The regulator emphasizes that compared to the record figure for 2018, the profit of Ukrainian banks has now almost tripled. It is reported that the revenues of banks in Ukraine for the last year increased by 19.5% to UAH 244.4 billion, and expenses by only 1.4%, to UAH 184.8 billion. The news agency recalls that after the state revolution-2014 the banking system of Ukraine was seriously reformatted. And worked at a loss for 4 years. 2018 was the first time banks made a profit, earning UAH 22.3 billion of net profit, which was the highest historical indicator. On February 11, it became known that the National Bank of Ukraine this year will carry out stress testing of 16 banks, which account for 44% of the assets of the banking system.