In the first half of 2025, Ukrainian banks reported earnings of 100.06 billion UAH before tax payments. This figure is nearly identical to last year's results.

According to Opendatabot, tax expenses amounted to 21.99 billion UAH — which is 22% of the profits. After taxes, the remaining profit was 78.07 billion UAH.

However, as noted by Opendatabot, not all financial institutions reported profits for the first half of the year: 13 banks reported losses. Overall, one in five banks in the country is currently operating at a loss.

Even those in the black do not always show growth: over a third of profitable banks improved their results, according to the study. The leader in dynamics is Metabank, which grew its profits by 118 times. PrivatBank saw a stable increase of 14%.

It’s also noted that the top 10 largest banks remained unchanged. Together, they generated 68.05 billion UAH — accounting for 87% of the sector's total profit.

Almost half of the profits of all Ukrainian banks come from PrivatBank: 34.88 billion UAH in profit and 11.09 billion UAH in taxes. Among state banks, only First Investment showed a loss (-29.43 million UAH). Conversely, Motor Bank emerged from the red for the first time in a long while. Overall, the profit of the state banking group grew by 4% compared to the same period last year — primarily thanks to the leader, according to analytics.

In contrast, foreign banks experienced a decline in profits of nearly a quarter — down to 16.57 billion UAH. Raiffeisen remains the leader with a 10% growth, reporting 4.74 billion UAH in profit and 1.66 billion UAH in taxes.

Private capital banks also faced a 25% decline, with their profits totaling 10.06 billion UAH. PUMB remains first with 3.57 billion UAH — down 7% from last year. Together with Universal Bank (Monobank), they accounted for 59% of the group's profits.

More than a quarter of private banks in the country closed the first half of 2025 with losses.