PrivatBank wrote off assets linked to former owners: what is known
9 February 16:11
PrivatBank increased its pre-tax profit by 8.4% to UAH 88 billion in 2025, while its net profit decreased by 27.7% to UAH 29.1 billion.
This is stated in the bank’s report, as reported by "Komersant Ukrainian".
“The bank stopped recognizing assets related to former owners. The net book value of these assets was zero. As a result of this discontinuation of recognition, the share of non-performing assets in the total portfolio decreased from 59.4% to 10%,” PrivatBank explained these results.
It added that, in accordance with the provisions of the Tax Code, the bank accrued additional income tax liabilities in the amount of UAH 37.5 billion.
Thus, according to the results of 2025, UAH 58.9 billion in income tax will be transferred to the state budget of Ukraine, which is 44% more than in 2024.
It is noted that this write-off was carried out in accordance with the basic principles of the Credit Development Strategy approved by the Financial Stability Council in June 2024, as well as in accordance with International Financial Reporting Standards, namely IFRS 9, and regulatory requirements.
“As a result, the level of non-performing loans in the portfolio formed after nationalization is 3.3%, which is one of the best indicators in Ukraine and corresponds to the level of developed countries,” the statement said.
As a reminder, PrivatBank launched a one-month promotion on February 1, 2026, allowing Visa and Mastercard business card holders to withdraw cash at retail outlets without paying a bank commission when paying for purchases.
