PrivatBank heads list of most profitable Ukrainian banks in 2019

State-controlled PrivatBank headed the rating of the most profitable Ukrainian banks in 2019, declaring Hr 32.609 billion in net profit, while Pravex-Bank recorded the largest loss last year at Hr 121.502 million.

According to the National Bank of Ukraine (NBU), Raiffeisen Bank Aval (Hr 4.749 billion) ranked second in the list of the most profitable banks, and FUIB (Hr 2.623 billion) was third, rising two positions in the fourth quarter. UkrSibbank (Hr 2.580 billion) ranked fourth, while OTP Bank (Hr 2.537 billion) ranked fifth, rising two lines.

At the same time, state-controlled Ukreximbank fell from the fourth position it held in the nine months of 2019, to the 11th one, declaring Hr 1.002 billion of net profit, and Ukrgasbank climbed six positions, to the 10th one, posting Hr 1.299 billion.

According to the central bank, Sky Bank ranked second in terms of losses, its net loss amounted to Hr 27.543 million, Alpari Bank ranked third (Hr 18.435 million), Cominvestbank (Hr 17.982 million) ranked fourth, while Ukrainian Bank for Reconstruction and Development ranked fifth (Hr 4.409 million). At the same time, Bank Credit Dnipro, which according to the results of its activities for the first nine months of 2019 was third in terms of loss, declared Hr 309.903 million in net profit and ranked 18th.