Total net profit of four state banks decreased by nearly 40 percent
PrivatBank, Oschadbank, Ukreximbank and Sense Bank collectively received 14.14 billion UAH of net profit in the third quarter of 2026, which is 39.6% less than in the same period last year. This was reported by Economichna Pravda, according to the portal PromPolitInform.
Financial reports of key state institutions indicate a significant deterioration in financial results amid rising operating expenses and falling revenues. Oschadbank experienced the largest contraction in performance indicators, with its net profit for July-September decreasing by 7.2 times to 583.3 million UAH against 4.19 billion UAH a year earlier. At the same time, the operating income of this institution fell by 24.1%, while staff and administrative expenses increased.
Dynamics of Oschadbank and Ukreximbank indicators
Compared to the previous, second quarter, the profit decline of Oschadbank reached 59.1 percent. Ukreximbank cut its quarterly net profit by 65%, recording an indicator at 961.1 million UAH compared to 2.74 billion UAH last year. Against the second quarter of the current year, the profit of this bank decreased by 8.1%.
Results of Sense Bank and PrivatBank
Sense Bank recorded a net profit reduction of 2.8 times down to 263.6 million UAH against 743.1 million UAH the previous year. Additionally, compared to the second quarter when the financial institution earned 631.4 million UAH, the drop amounted to 58.3%. PrivatBank retained the status of the most profitable institution among these, but its net profit also decreased by 21.7% to 12.34 billion UAH.
Pre-tax performance indicators
Despite the overall decline, PrivatBank increased its profit by 5.3% compared to the second quarter, and its quarterly pre-tax profit grew by 18.7% year-on-year. In the other three banks, pre-tax results also worsened: in Oschadbank it contracted fourfold, in Ukreximbank by 29.4%, and in Sense Bank by 25.5% year-on-year.
Photo: Economichna Pravda
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