Ukraine's banking sector sees UAH 120 m in profit in June, NBU

Ukraine's banking sector sees UAH 120 m in profit in June, NBU:

"Ukraine's banking system in June posted a profit of UAH 120 million, according to a posting on the web site of the National Bank of Ukraine (NBU).

"In H1, 2013 the revenues of Ukraine's banks grew by 9.4% year-over-year and totaled UAH 78.491 billion. Expenditures… increased by 10.1% and were UAH 77.31 billion. The profit of the banking system as of July 1, 2013 was UAH 1.181 billion," reads the report.

As a source in the government's circles told Interfax-Ukraine, the volatility of the profit in H1 is completely connected with formation of reserves by just one bank and does not indicate a general tendency in the banking industry.

As reported, the profit of the Ukrainian banks in January was UAH 580 million; in February – UAH 208 million; UAH 2.338 billion in March; UAH 961 million in April; and UAH 120 million in June. A loss was seen only in May – UAH 3.026 billion.

The profit of the banking system in H1, 2012 was UAH 1.558 billion, while in June of that year the loss was UAH 335 million."

'via Blog this'