Sharp Decline in Non-Performing Loans Among Ukrainian Banks

First Quarter 2026 Review: Banking Sector Trends

According to Главком: An analysis of Ukraine's banking system for the first quarter of 2026 reveals encouraging developments, including a notable drop in non-performing loans (NPLs), an expanding credit portfolio, and a rise in customer deposits. According to the data, the overall NPL share across the banking system fell from 30.29% to 13.92% during 2025, signaling improved loan quality. Among privately owned banks, the NPL ratio decreased from 12.54% to 8.37% over the same period. In the first quarter of 2026, the system-wide NPL share further declined to 12.92%, while private banks saw a reduction to 7.73%.

Net bank loans also showed growth: they rose to UAH 1.08 trillion in 2025 and reached UAH 1.14 trillion by the end of the first quarter of 2026. Customer deposits increased from UAH 1.5 trillion to UAH 3.218 trillion as of April 1, 2026. However, it is worth noting that the share of foreign currency deposits in Ukrainian banks fell from 35.98% to 31.45% between the start of the full-scale invasion and April 1, 2026.

Ranking of Top Banks and Deposit Programs

As part of the analysis, a ranking of the most attractive banks and deposit programs was compiled. The top ten banks with the most appealing (reliable) deposit offerings as of the first quarter of 2026 include:

• Credit Agricole Bank
• PrivatBank
• Raiffeisen Bank
• Pravex Bank
• Kredobank
• Bank Credit Dnipro
• Radabank
• Ukrgasbank
• Oschadbank
• Ukrsibbank

Among standard deposit products, the 'New Season' deposit from Bank Credit Dnipro was named the best option for household savings for the third time, offering an annual yield of up to 17%. In the category of demand deposits, the RADAbox program from Radabank took the top spot, with interest rates on hryvnia accounts at 8% at the time of the ranking.

Overall, the first quarter 2026 results confirm positive shifts in Ukraine’s banking system, reflecting stability and growth in the financial sector. The decline in non-performing loans and the increase in lending volumes may indicate restored confidence in the banking system and a revival of economic activity. The continued competitiveness of deposit programs also highlights banks' efforts to attract more household funds, which could further bolster financial stability in Ukraine.