Sunday, December 4, 2022

Ukrgasbank posts record $102 million profit in first 10 months of 2021

by Asami TerajimaNovember 17, 2021 10:39 pm
Share
(NBU press service)

The number is four times higher than the bank’s earnings in the same period of last year, state-owned Ukrgasbank announced on Nov. 15. This is the bank’s most profitable year on record.

Banks around the world have seen windfall profits in 2021 as consumer spending increased and economies bounced back from the 2020 crash caused by the Covid-19 pandemic.

Asami Terajima
Asami Terajima
National reporter

Asami Terajima is a national reporter at the Kyiv Independent. She previously worked as a business reporter for the Kyiv Post focusing on international trade, infrastructure, investment and energy.

Independent journalism
for an independent Ukraine
Independence is an expensive currency. Both Ukraine and its journalists are paying a high price to preserve its independence. Support Ukraine's trusted journalism in its darkest hour.