Financial Performance of Ukrainian Banks in 2025
According to the 'OpenDataBot Index' for 2025, the combined revenue of the leading banks reached UAH 304.27 billion, marking a 14% increase from the previous year. The top ten banks generated 80% of the total revenue across all 60 Ukrainian banks, with state-owned institutions accounting for 67% of that share. The National Bank of Ukraine imposed 158 enforcement measures totaling UAH 586 million, the largest portion of which—UAH 426.3 million—was levied on banks for failures in financial monitoring compliance. This growth occurs within a sector that has undergone significant consolidation and reform in recent years.
Key Bank Performance Indicators
- PrivatBank: Ranked first with revenue of UAH 122.63 billion, an 11% annual increase. Its net profit, however, fell by 28% to UAH 29.08 billion. Tax expenses amounted to UAH 58.88 billion, representing approximately 67% of its pre-tax profit.
- Oschadbank: Took second place with revenue of UAH 41.68 billion, up 13%. Its profit grew by 12%, reaching UAH 16.63 billion.
- monobank: Revenue grew 1.4 times to UAH 27.2 billion, while the bank's profit increased 2.8 times.
- Raiffeisen Bank: Revenue was UAH 23.63 billion, an 8% rise, and profit grew 2.5 times to UAH 10.74 billion.
- 'PUMB': Revenue increased by 23% to UAH 22.6 billion, and the bank's profit doubled to UAH 8.05 billion.
- UkrSibbank: Revenue reached UAH 16.06 billion, a 5% increase, while profit rose 1.4 times to UAH 5.8 billion.
- Ukrgasbank: Revenue was UAH 13.48 billion, up 7%, and profit increased 1.7 times to UAH 4.87 billion.
- Ukreximbank: Revenue grew 9% to UAH 13.25 billion, and profit rose 1.6 times to UAH 8.86 billion.
- OTP Bank: Revenue increased by 7% to UAH 11.85 billion, and profit grew 1.3 times to UAH 8.99 billion.
- Sense Bank: Revenue stood at UAH 11.85 billion, but its profit declined by 16% to UAH 3.2 billion.
Overall, 2025 proved to be a successful year for Ukrainian banks, particularly for the state-owned institutions that dominate the market.
These results point to the stable development of Ukraine's banking system despite ongoing challenges. The notable growth in revenue and profits signals positive economic trends and the effectiveness of bank management strategies. However, the profit decline at PrivatBank may indicate a need to reassess financial strategies concerning tax obligations and asset management.
The impressive growth in revenue among Ukrainian banks highlights a significant shift in the financial landscape. As the sector continues to evolve, understanding the factors behind this surge is crucial. For those interested in the broader implications of these financial trends, a recent report has detailed the record profits achieved by banks, along with insights into their deposit security rankings. Discover more about the leading banks and their performance in our latest article on record profits and deposit security.