The Ukrainian banking sector concluded the first half of 2025 with a pretax profit of UAH 100.06 billion. However, 13 banks recorded losses, and one in five market participants finished the period in the red.
Ukraine’s banking system ended H1 2025 with UAH 100.06 billion in pretax profit, nearly matching last year’s figure. Nevertheless, the overall situation is not uniformly positive: 13 institutions reported losses, while every fifth market participant finished the period at a loss. This information is reported by Opendatabot, according to УНН.
Details
State-owned giants are propelling the sector forward, whereas foreign and privately owned banks are seeing earnings decline.
After tax payments (22% of profit, equivalent to UAH 21.99 billion), the sector retained a net profit of UAH 78.07 billion. However, state banks secured the lion’s share of this result, especially PrivatBank, which generated almost half of the total profit – UAH 34.88 billion (after paying UAH 11.09 billion in taxes).
Leaders and Laggards
The top 10 banks generated UAH 68.05 billion, accounting for 87% of the overall profit.
Among state-owned entities, only First Investment Bank (–UAH 29.43 million) reported a loss.
Motor-Bank returned to profitability for the first time in several years.
A significant surprise came from MetaBank, whose profit soared 118 times.
Contrasting with the state sector, banks with foreign capital saw earnings fall by nearly 25% – to UAH 16.57 billion. Raiffeisen Bank remains the leader in this group, managing a 10% profit increase (UAH 4.74 billion).
Privately owned banks also showed a downturn: a 25% decrease compared to the previous year, totaling UAH 10.06 billion in profit. PUMB dominates in this segment with UAH 3.57 billion (–7% y/y), alongside Universal Bank (Monobank). Together, they represent 59% of private players’ earnings.
Simultaneously, over a quarter of privately owned institutions concluded H1 with losses.
