Only three private Ukrainian banks make list of Top 15 Most Resilient

15 April, 12:32 PM
Serhiy Tihipko, beneficiary of Universal Bank and TAScombank (Photo:NV)

Serhiy Tihipko, beneficiary of Universal Bank and TAScombank (Photo:NV)

Only three privately-owned financial institutions are in the Top 15 of the most resilient Ukrainian banks of wartime, according to the rating of NV and Dragon Capital investment group as of April 2023.

Of the privately-owned banks, Serhiy Tihipko's Universal Bank is at No. 7 on the resilience rating and Tascombank is at No. 12, while the bank of Rinat Akhmetov, the richest man in Ukraine, First Ukrainian International Bank or PUMB is at No. 11.

Universal Bank, the partner of Monobank, a popular Ukrainian online bank, earned the largest profit of Ukraine’s privately-owned banks: UAH 2.4 billion ($65 million), or 46% of the total profit of the private banking sector.

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Four Ukrainian state banks made the Top 15 list of most resilient:

  • No. 2 – Privat Bank
  • No. 4 – State Savings Bank of Ukraine, or Oschadbank
  • No. 10 – State the State Export-Import Bank of Ukraine, or Ukreximbank
  • No. 14 – UkrGasBank.

The remaining eight positions were all occupied by foreign-owned banks, including some of which continue to operate in Russia.

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