Revenue at Ukraine’s top 10 banks rose by 14%: which ones earned the most
6 April 13:11
In 2025, Ukraine’s ten largest banks earned over 304 billion hryvnias, increasing their combined revenue by 14%. PrivatBank remains the market leader, while monobank demonstrated the most dynamic growth.
This is reported by "Komersant Ukrainian", citing data from Opendatabot .
Banks increased their revenues
The top 10 remained unchanged, but there were some shifts in the middle of the ranking. At the same time, the bulk of revenue continues to be concentrated in the state sector: five state-owned banks account for 67% of total profit.
Overall, the leading banks in the Opendatabot Index 2026 generated 304.27 billion UAH in revenue, which is 14% more than the previous year.
It is noteworthy that this top ten accounted for about 80% of the total revenue of all 60 banks in Ukraine. At the same time, the vast majority of funds is traditionally concentrated in state institutions—UAH 202.89 billion, or 67% of the total.
PrivatBank remains the undisputed leader of Ukraine’s banking market, having generated UAH 122.63 billion in revenue for the year—an 11% increase from the previous year. At the same time, the institution’s net profit fell by 28% to UAH 29.08 billion. Despite the decline, the bank continues to hold the position of the most profitable in the country.
The significant decline in profit is primarily due to the tax burden. In 2025, income tax expenses reached UAH 58.88 billion—about 67% of pre-tax profit. Additional charges arose after the discontinuation of recognition of assets related to former owners, which added approximately UAH 37.5 billion in tax liabilities.
Second place in the ranking is traditionally held by the state-owned Oschadbank. Its revenue grew by 13% to UAH 41.68 billion, and profit increased by 12% to UAH 16.63 billion.
Universal Bank (monobank) demonstrated the most dynamic growth: its revenue increased 1.4-fold to UAH 27.2 billion. This allowed the bank to climb to third place in the ranking, ahead of Raiffeisen Bank. In addition, Universal Bank recorded the fastest profit growth among the leaders—a 2.8-fold increase.
Raiffeisen Bank dropped to fourth place, although it demonstrated positive growth: revenue rose by 8% to UAH 23.63 billion, and profit increased 2.5-fold to UAH 10.74 billion.
PUMB has held fifth place for the second year in a row. The bank increased its revenue by 23% to UAH 22.6 billion, and its profit doubled to reach UAH 8.05 billion. The financial institution emphasizes that even amid a full-scale war, it managed to maintain stability, adapt its business model, and strengthen its digital services.
Ukrsibbank has maintained a stable position in the ranking for the third consecutive year. Its revenue grew by 5% to UAH 16.06 billion, while profit increased 1.4-fold to UAH 5.8 billion.
The state-owned banks Ukrgasbank and Ukreximbank also maintained their positions. Ukrgasbank increased its revenue by 7% to UAH 13.48 billion and boosted its profit by 1.7 times to UAH 4.87 billion. Ukreximbank reported a 9% increase in revenue to UAH 13.25 billion, while its profit rose 1.6-fold to UAH 8.86 billion.
OTP Bank managed to improve its position in the ranking, rising from tenth to ninth place. Its revenue grew by 7% to UAH 11.85 billion, and its profit increased 1.3-fold to UAH 8.99 billion.
Meanwhile, despite a 7% increase in revenue (to UAH 11.85 billion), Sens Bank dropped one spot and now rounds out the top ten. Its profit, on the other hand, fell by 16% to UAH 3.2 billion.
Overall, the significant growth in bank profits in 2025 is not solely attributable to operating activities. According to the NBU, income tax expenses accounted for approximately 25% of pre-tax profit, whereas a year earlier this figure was twice as high—around 50%.
