Ukrainian Bank Profits More Than Double In 11M

According to the National Bank (NBU), profits for Ukrainian banks totaled USD 832 mln in 11M, an increase of more than 2 times from the same period in 2005. The bank’s expenses also increased 50.8% yoy in 11M to total 7.3 mln. The NBU also reported that domestic banks had increased their total assets by 47.1% to about USD 65 bln. Alexander Viktorov: Another month of big gains in the banking sector, in 10M Ukrainian bank profits reached USD 733 mln, more than double (USD 356 mln) the amount in 10M05. Total assets in the banking sector also increased by 39% yoy to USD 61.4 bln.