The state giant is in the black: PrivatBank has set a financial record
29 July 2025 17:40
PrivatBank, the largest state-owned bank in Ukraine, recorded a record financial result in the first half of 2025: uAH 34.9 billion of net profit. This figure was not only the highest in the bank’s history, but also exceeded analysts’ expectations, demonstrating the resilience of the state-owned banking sector in the face of a protracted war and economic restructuring, "Komersant Ukrainian" reports citing the PrivatBank_insider Telegram channel.
Compared to the same period in 2024, profits grew by 14%, and by 17.5% in the first six months of 2023. This growth reflects both the bank’s strategic efficiency and the adaptation of its business model to the new macroeconomic reality.
The press service of the financial institution notes that the key factors that ensured the growth of profitability were:
- stable growth of interest income;
- effective management of the loan portfolio;
- reduction in the share of non-performing loans.
The bank emphasizes that a significant contribution to the result was made by the retail segment and small and medium-sized businesses, which demonstrates positive dynamics despite the general economic pressure. The active implementation of digital services also allowed the bank to optimize costs and expand its customer base without a significant increase in administrative expenses.
In addition to financial results, PrivatBank has recorded an improvement in public confidence. In the first half of the year, the deposit portfolio grew significantly in both hryvnia and foreign currency. Against the backdrop of geopolitical instability and limited access to external financing for many businesses, PrivatBank maintains its position as a key source of liquidity for the Ukrainian economy. With its extensive network of branches and digital tools, the bank has been able to support businesses recovering or relocating from areas of active hostilities and provide access to banking services to millions of displaced people.
In addition to strong financial performance, PrivatBank continues to improve, making banking services more accessible to everyone. In the first half of 2025, PrivatBank opened 27 renovated branches with increased accessibility in different parts of Ukraine. A landmark step for the bank was the introduction of Ukrainian sign language services in all branches across the country.
The successful reporting of PrivatBank is an important signal for the entire financial sector, in particular in the context of further fiscal stability of the state, as the profits of state-owned banks are traditionally a source of budget revenues. PrivatBank’s increased profitability may also play a role in the upcoming privatization process, which is periodically discussed by the government in the context of reforms of the state-owned banking sector. At the same time, such indicators strengthen the bank’s position in international ratings and create additional prerequisites for attracting external financing and cooperation with international financial organizations.
In the second half of 2025, PrivatBank plans to maintain its growth momentum, focusing on supporting small businesses, developing digital solutions, and expanding the range of financial products for different categories of clients. It is also expected to strengthen cooperation with state and municipal authorities on programs to finance critical infrastructure and rebuild the affected regions.
Read also: New rules of the game: PrivatBank opens access to the energy exchange for thousands of companies
It should be noted that according to the authoritative analytical publication The Nilson Report, PrivatBank also became the largest issuer of Visa and Mastercard cards in Europe.
In 2024, 59.65 million active payment cards issued by PrivatBank were in circulation. This volume ranked the bank first among the 50 largest European card issuers of international payment systems.
It is also noteworthy that PrivatBank is also among the top 25 European banks in terms of transaction volumes. In particular, the bank was ranked 23rd in terms of the volume of purchases made by customers using payment cards. This amounted to $33.93 billion. Another optimistic result for the state-owned financial institution is the 20th place in terms of the total volume of transactions, including both non-cash payments and cash withdrawals. At the end of the year, this figure amounted to $67.80 billion. This indicates not only the wide issue of cards, but also their real activity and involvement in the daily lives of millions of Ukrainians.
It should be added that The Nilson Report, published annually, is an independent benchmark for the banking market. To be included in its ratings means to be noticed at the global level.
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