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Ukrainian banks’ net profits up by 47% in first 10 months of 2021

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Ukrainian banks’ net profits up by 47% in first 10 months of 2021
(torange.biz)

According to the National Bank of Ukraine, the country’s solvent banks made a combined Hr 58.4 billion in net profits from January through October, compared to Hr 39.8 billion in the same period last year.

The banks’ total revenues for the first 10 months of 2021 increased by 4% to Hr 217.8 billion compared to the same period last year. Their expenses fell by 6% to Hr 159.4 billion.

In October alone, banks earned Hr 6.9 billion in net profit. In October of last year, total earnings amounted to Hr 2.2 billion.

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Asami Terajima

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Asami Terajima is a reporter at the Kyiv Independent covering Ukrainian military issues, front-line developments, and politics. She is the co-author of the weekly War Notes newsletter. She previously worked as a business reporter for the Kyiv Post focusing on international trade, infrastructure, investment, and energy. Originally from Japan, Terajima moved to Ukraine during childhood and completed her bachelor’s degree in Business Administration in the U.S. She is the winner of the Thomson Reuters Foundation's Kurt Schork Award in International Journalism 2023 (Local Reporter category) and the George Weidenfeld Prize, awarded as part of Germany's Axel Springer Prize 2023. She was also featured in the Media Development Foundation’s “25 under 25: Young and Bold” 2023 list of emerging media makers in Ukraine.

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