Consolidated Financial Report of the National Bank of Ukraine for 2025
The Council of the National Bank of Ukraine has approved the institution's consolidated financial statements for 2025 along with the profit distribution plan. For the previous year, the NBU recorded a distributable profit of 155 billion hryvnias. A portion of this sum will be allocated to the NBU's general reserves, while the majority will be transferred to the State Budget.
This profit allocation follows the provisions of the Law of Ukraine 'On the National Bank of Ukraine.' Although profit generation is not a primary objective for any central bank, the NBU—amid the ongoing full-scale war—will again make a substantial contribution to national defense and state resilience by channeling a significant share of its distributable earnings into the state budget.
The Critical Role of Financial Stability
National Bank Governor Andriy Pyshnyy emphasized that staying within its mandate to ensure price and financial stability remains a core priority for the institution.
He further stressed that the bank will continue pursuing a balanced policy, enabling it to respond effectively to wartime challenges while laying the groundwork for future recovery and sustainable economic growth.
In this way, the NBU Council has taken a key step toward safeguarding the country's financial stability—a matter of heightened importance given the current circumstances.
This profit distribution marks a significant move in supporting the state financially during wartime. Transferring such substantial funds to the State Budget can help cover defense spending and other critical needs, which is especially relevant today. The decision also underscores the NBU's commitment to remaining a stable financial institution capable of navigating the challenges facing the nation.
In light of the recent profit allocation to the state budget, understanding the current monetary policy of the National Bank becomes increasingly important. The decision to maintain the key interest rate at 15% reflects the bank's strategy to ensure financial stability amidst ongoing challenges, which complements the efforts to support the state during these trying times.