AUB partners news

In January-March 2024, Ukreximbank earned UAH 2.474 billion for the state and became one of the four most profitable banks in Ukraine, the bank's press service reports.

‘In 2023, Ukreximbank's financial result is expected to reach a record UAH 5.7 billion in the bank's history, the exact amount of the bank's profit will be confirmed by the results of the ongoing independent audit,’ the statement said.

In 2023, the Bank paid UAH 2,502 million in income tax to the state budget.

As of 1 April 2024, JSC Ukreximbank:

• No. 1 in the banking market in terms of the loan portfolio of legal entities (including provisions) (UAH 76.9 billion);
• No. 1 in terms of corporate customer accounts (UAH 152 billion);
• Leader in terms of administration of funds from IFIs (UAH 9.75 billion).
• No. 1 in terms of financing of Ukrainian companies (14.4%).

The report also states that, according to the NBU, the profit of Ukrainian banks after tax for Q1 2024 amounted to UAH 40.5 billion. Banks earned 18% more than in the same period last year. In 2023, Ukraine's banking sector generated UAH 83.2 billion of net profit after tax. This is almost four times higher than in 2022 and 8% higher than in 2021. Banks paid UAH 76.64 billion in taxes to the state budget under the new law, which is 10 times more than a year ago.

Despite a significant increase in demand for affordable mortgages, eOselya continues to operate. Last week alone, 291 loans were issued for UAH 510 million. While in 2023, on average, 487 loans for UAH 737 million were issued per month on eOselya,  according to Ukrfinzhytlo.

Therefore, despite the extra demand, partner banks continue to lend to Ukrainians under the program. In the last two days alone, customers have received 79 mortgages for UAH 141 million. And since the beginning of 2024, 4,031 families have already received loans for their own housing for more than UAH 6 billion.

“Ukrfinzhytlo attracts loans from Ukrainian banks to finance eHousing, which, in the context of increased demand, requires additional time to approve transactions with the relevant government agencies. Nevertheless, the company continues to work to meet even the high demand of citizens. The partner banks of the program, in turn, plan to conclude the agreed transactions in the near future,” the statement said.

The members of the Association of Ukrainian Banks - Ukrgasbank, Globus Bank, Sky Bank, Ukreximbank, MTB Bank - participate in the eHouse program.

 According  to the Ministry of Economy of Ukraine, 4,000 Ukrainian families have taken out loans to purchase housing under the eOselya program for UAH 6.7 billion since the beginning of 2024. Every third loan was for the purchase of a first-time home. In total, 10,277 families have taken out loans worth over UAH 16 billion since the program's launch.

For reference:

The eHouse program is one of the components of the “Made in Ukraine” policy aimed at supporting Ukrainian producers and stimulating demand for domestic products. The program was launched in October 2022. It is being implemented by the Ministry of Economy jointly with the Ministry of Digital Transformation and Ukrfinzhytlo. The partner banks of eOselya are Oschadbank, Privatbank, Ukrgasbank, Globus Bank, Sky Bank, Ukreximbank, Sense Bank, Credit Dnipro Bank, and MTB Bank.