Ukrainian banks reported a threefold year-on-year increase in profits

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Ukrainian banks reported net profits of UAH 59 billion during the first eleven months of 2019, according to new figures released in December by the National Bank of Ukraine.

This figure represents a threefold year-on-year increase in profits for the sector. Ukraine’s banking industry has undergone fundamental reform over the past six years, with a large number of insolvent or otherwise unsound banks shut down amid the introduction of stringent new regulatory oversights. Ukrainian banks returned to profit in 2018 for the first time since the Revolution of Dignity and the start of the industry clean up in 2014.

Source: Ukraine Invest

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