Banking Leaders: Who Earned the Most in the First Quarter of 2026
18 May 09:37
According to statistics from the National Bank of Ukraine, the net profit of the state-owned PrivatBank for the January–March 2026 period decreased by 23.9% compared to the same period last year, amounting to 12.85 billion hryvnia, or 49.4% of the banking system’s total financial results. This is reported by "Komersant Ukrainian" with reference to “Interfax-Ukraine. “
According to its data, the top three also include Oschadbank with a net profit of UAH 1.95 billion, which is nearly 2.5 times less than the figure for the first quarter of 2025, and Universal Bank (mono) – UAH 1.68 billion, which is 36.3% more than last year’s result.
They are followed by PUMB with UAH 1.38 billion and Raiffeisen Bank with UAH 1.29 billion, which saw their figures decrease by 11.3% and 41.7%, respectively.
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The state-owned Ukreximbank topped the second five with a net profit of UAH 1.19 billion, which is nearly 2.1 times less than the figure for the first quarter of 2025.
The next four positions were taken by banks with foreign capital: OTP Bank – UAH 996.13 million (-16.2% compared to the first quarter of 2025), Citibank – UAH 738.81 million (-39.8%), Credit Agricole Bank – UAH 695.91 million, or nearly half as much, and Ukrsibbank – UAH 670.50 million, also nearly half as much.
The list of 11 loss-making banks in the first quarter was led by Alliance Bank – UAH 66.14 million, which incurred a loss of UAH 163.92 million during the same period last year.
Next are two banks that the National Bank declared insolvent in February of this year and which subsequently passed to new investors. PIN Bank, acquired by the Polish fintech company ZEN.COM, increased its net loss to 21.79 million UAH from 14.60 million UAH in the first quarter of 2025. Motor-Bank, whose assets and liabilities were acquired by Asvio Bank, reported a net loss of UAH 16.08 million compared to a net profit of UAH 3.47 million a year earlier (figures are presented excluding adjusting entries).
Overall, in January–March 2026, banks’ net profit amounted to UAH 26.0 billion, which is 34.1%, or UAH 13.46 billion, less than the result for the same period last year.
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