Earnings of Ukrainian banks in January-May 2014 increased by 34.3% y-o-y and made UAH 87.1 billion. At the same time, expenditures of Ukrainian banks in January-May 2014 rose by 52.8% y-o-y and equalled UAH 97.5 billion.

The banking sector had negative result for the same period (UAH -10.4 billion) due to significant influence of losses incurred by banks under provisional administration of the Deposit Guarantee Fund.

Excluding those losses, the banking system’s profit made UAH 3.7 billion in January-May 2014.