Business

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

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

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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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