Anton Razumnyi's Compensation Package
During the full-scale war, the annual salary of Anton Razumnyi, a board member at the state-owned PrivatBank, has increased sixfold. His 2024 compensation reached 30.5 million UAH, equating to a monthly average of approximately 2.54 million UAH. This information came to light through a declaration filed by his wife, Inna Razumna, who works at the National Bank of Ukraine. Anton Razumnyi has been with PrivatBank since 2019 and has held the position of Chief Compliance Officer since 2020. While board members are not legally required to file annual declarations, spousal disclosures can make such financial details public.
Data shows his annual salary was 5.3 million UAH in 2022 and 8.6 million UAH in 2023, before the significant jump to 30.5 million UAH in 2024. This sharp increase highlights a substantial growth in personal income over a relatively short period, occurring against the backdrop of Ukraine's wartime economy.
PrivatBank's Financial Performance
In 2024, PrivatBank ranked first in revenue among Ukrainian banks, earning 122.63 billion UAH, an 11% increase from the previous year. Despite this high revenue, the bank's net profit fell by 28% to 29.08 billion UAH, though it remained the most profitable bank in the country. Overall, the combined revenue of the leaders on the 'Opendatabot Index' in 2023 was 304.27 billion UAH, with 67% of that income attributed to five state-owned banks.
The bank faced additional tax liabilities after it ceased recognizing assets linked to its former owners, accruing approximately 37.5 billion UAH in profit tax. In 2025, PrivatBank's tax expenses amounted to 58.88 billion UAH, representing about 67% of its pre-tax profit. Thus, while the banking sector faces complex challenges, PrivatBank continues to maintain its leading position.
The rise in Anton Razumnyi's salary alongside PrivatBank's increased revenue may indicate how the banking system is adapting to Ukraine's new economic realities.
Given the decline in net profit, it is important to assess how such changes in executive compensation will impact the bank's future operations and its ability to maintain stability amidst the ongoing challenges facing the country's financial sector. The broader context of PrivatBank's financial indicators underscores the critical nature of strategic decision-making in the current difficult economic climate.
The significant rise in Anton Razumnyi's salary at PrivatBank is part of a broader trend within the Ukrainian banking sector, which recently reported a remarkable 14% increase in revenues. As banks navigate the complexities of a wartime economy, understanding the performance of top institutions and their tax contributions becomes crucial. For a detailed analysis of the leading banks and their financial impact, see our article on the revenue growth in the Ukrainian banking sector.