Banks' net profit in January 2025 decreased by 2.7% compared to January 2024

The net profit of Ukrainian banks in January of this year amounted to UAH 16.3 billion – this is the best result in the last 12 months, but it is 2.7%, or UAH 400 million less than in January 2024, according to data published by the National Bank on its website.

As reported, the banking system's income in January of this year increased by UAH 3.4 billion, or 8.2%, to UAH 45.6 billion: interest income increased by UAH 2.7 billion, or 9.4%, to UAH 31.7 billion, and commission income by UAH 900 million, or 11.2%, to UAH 9.2 billion.

However, expenses increased even more – by UAH 3.9 billion, or 15.36% – to UAH 29.3 billion, which contributed to a drop in net profit, according to statistics from the National Bank of Ukraine. In particular, interest expenses increased by UAH 400 million, or 4.3% – to UAH 10.4 billion, and commission expenses – also by UAH 400 million, or 13.5% – to UAH 4 billion.

In addition, among the reasons for the increase in expenses were general administrative costs, which increased by UAH 1.6 billion, or 21.6%.

The high financial result is also due to insignificant deductions to reserves, which in January amounted to less than UAH 100 million.

Income tax for January of this year amounted to UAH 3.4 billion, which is UAH 200 million, or 6.8%, lower than the figure for January 2024.