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.
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.
The tanks were promised to Kyiv in October 2024, but delivery was reportedly delayed due to resistance from the U.S. The remaining tanks will arrive "in the coming months."
"The enemy continues to use small infantry groups, but they are powerless in their attempts to capture Pokrovsk," Oleksandr Syrskyi, Commander-in-Chief of Ukraine's Armed Forces, reported July 18.
The Russian oil giant has been trying to sell its 49.13% stake in India's Nayara refinery, but the EU's latest sanctions package could make such a deal too risky for buyers.
Turkish President Recep Tayyip Erdogan told Russian President Vladimir Putin that launching a third round of negotiations is important and that Turkey is prepared to host discussions in Istanbul once both sides agree on a date.
In an exclusive interview, Ukrainian anti-corruption activist Vitaliy Shabunin speaks out on what he says is a politically motivated criminal case against him, as well as corruption and the democratic backsliding in Ukraine.
According to the case file, he was struck in the face and torso by an enlistment officer. After he collapsed, the officer hit the man with a stun gun at least three to four times and struck his head against the floor multiple times, the records show.
