The revenue of the top 10 banks in Ukraine increased by 14%

Banks included in the 2026 Opendatabot Index generated a total revenue of UAH 304.27 billion last year. Over the year, their income increased by 14%.

The top ten banks accounted for 80% of the total revenue of all 60 Ukrainian banks. Most of this amount traditionally comes from five state-owned banks: 67% of the banking sector’s revenue in the Index, or UAH 202.89 billion.

The undisputed market leader remains PrivatBank, with UAH 122.63 billion in revenue. This is 11% higher than the previous year. At the same time, the bank’s net profit decreased by 28% to UAH 29.08 billion. Despite this, it still remains the most profitable bank in the country.

«2025 proved that PrivatBank is a driving force for the economy, business, and society. We actively finance critical sectors, create innovative services, support people, and help the country stay resilient»,

— said Mikael Björknert, Chairman of the Management Board of PrivatBank.

The main reason for the decline in profit was tax expenses: in 2025, they amounted to UAH 58.88 billion — about 67% of profit before tax. Additional tax liabilities arose after the bank stopped recognizing assets related to former owners and accrued around UAH 37.5 billion in corporate income tax.

Second place in the ranking is traditionally held by the state-owned Oschadbank. Its revenue in 2025 reached UAH 41.68 billion — 13% more than the year before. Profit also increased by 12% to UAH 16.63 billion.

The most notable breakthrough of the year was made by the private Universal Bank (monobank). Its revenue grew 1.4 times to UAH 27.2 billion. Thanks to this, the bank moved up to third place, surpassing Raiffeisen Bank. In addition, Universal Bank showed the highest profit growth among the Index’s leading banks — up 2.8 times.

Raiffeisen Bank dropped to fourth place this year. Its revenue increased by 8% to UAH 23.63 billion. At the same time, the bank boosted its profit 2.5 times — to UAH 10.74 billion.

Fifth place is held by PUMB for the second year in a row. The bank’s revenue grew by 23% to UAH 22.6 billion, while its profit doubled to UAH 8.05 billion.

«Despite the challenges of the full-scale war, PUMB remains stable, supports its clients, and continues to finance Ukraine’s economy. We have adapted our business model to the new environment, strengthened digital services, and focused on efficiency. Last year, the bank demonstrated revenue growth, which is the result of a balanced strategy and customer trust. We plan to continue expanding financial support for businesses and contribute to the country’s economic recovery»

— commented representatives of PUMB.

Ukrsibbank has held seventh place in the Index for the third year in a row. Its revenue increased by 5% to UAH 16.06 billion, while profit grew 1.4 times to UAH 5.8 billion.

State-owned Ukrgasbank and Ukreximbank have ranked seventh and eighth respectively for the second consecutive year. Ukrgasbank increased its revenue by 7% last year to UAH 13.48 billion, while its profit grew 1.7 times to UAH 4.87 billion. Ukreximbank reported a 9% increase in revenue to UAH 13.25 billion, and its profit rose 1.6 times to UAH 8.86 billion.

OTP Bank was one of the few to improve its position in the ranking, moving up from tenth to ninth place. Its revenue in 2025 grew by 7% to UAH 11.85 billion, while profit increased 1.3 times to UAH 8.99 billion.

Sense Bank remains the fifth state-owned bank in the top ten. Despite a 7% increase in revenue to UAH 11.85 billion, it dropped one position in the ranking and now holds tenth place. Its profit, on the contrary, decreased by 16% to UAH 3.2 billion.

Overall, the sharp increase in profits among most banks last year may be explained not only by operational performance. According to National Bank reports, corporate income tax expenses in 2025 amounted to about 25% of profit before tax, whereas in 2024 this figure was roughly twice as high — around 50%.