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State-Owned Banks Earned Profit of UAH 3.2 billion in Q1 2021

According to the results of the first quarter of 2021, all state-owned banks were profitable. Their profit amounted to UAH 3.2 billion.

The most profitable among the state-owned banks was JSC PrivatBank with UAH 2.4 billion of profit (21.8% of the whole banking system's profit).

In the first quarter of this year, there was an increase in the loan portfolio of clients of the state-owned banks. As compared to 01.01.2020 it has increased by 3.5% (by UAH 7.6 billion). The loan portfolios of both legal entities and individuals (by 3.0% or UAH 4.9 billion and 4.9% or UAH 2.7 billion respectively).

Also, there was a slight decrease in individuals' funds - by 0.67%, or by UAH 2.8 billion, against the background of legal entities funds growth by 0,5%, or by UAH 1.5 billion accordingly.