Because of the war, Ukrainian banks became unprofitable for the first time in five years.
As a result of the crisis and against the backdrop of war, Ukrainian banks will lose at least 20% of their loan portfolio. This is stated in the new NBU report on financial stability, published by the regulator. The National Bank notes that the country's banking sector became unprofitable for the first time in five years due to a sharp increase in contributions to reserves. “According to NBU expectations, banks will lose at least 20% of their loan portfolio...