The NBU’s interim condensed consolidated financial statements for H1 2025 were signed on 26 August 2025.
As of the end of H1, the NBU’s assets grew by 3% compared to the consolidated data as of 31 December 2024, and reached UAH 2,791 billion.
The main changes in the NBU's assets as of the end of H1 2025 were due to changes in foreign currency-denominated assets, specifically:
- increase in SDR holdings by 54% to UAH 71.8 billion
- increase in funds and deposits in foreign currency and investment metals by 10% to UAH 534 billion.
Overall, the volume of international reserves managed by the National Bank in accordance with its mandate increased by 3% at the end of H1 2025, reaching USD 45.1 billion (up from USD 43.8 billion as of the end of 2024).
The NBU’s liabilities as of the end of H1 2025 were UAH 2,171 billion (78% of assets).
The NBU’s liabilities changed as follows:
- Accounts of state institutions and other institutions increased by 35% and reached UAH 375.2 billion.
- 34.8 hryvnias by 34%
In H1 2025, the NBU’s equity grew by 9%, from UAH 567 billion to UAH 619 billion, primarily on account of accumulated profit of the current year.
The NBU’s consolidated financial result for H1 2025 amounted to UAH 51.2 billion. The strongest impact on the amount of profit came from the transactions with financial instruments in the amount of UAH 25.6 billion, consisting of recognized interest income on non-resident securities and changes in the fair value of financial instruments and the official exchange rate.
At the same time, it should be noted that the consolidated profit reflected in the NBU’s financial statements is not the portion of distributable profit to be transferred to the State Budget. The NBU’s liabilities in terms of the portion of its distributable profit to be transferred to the State Budget will be determined based on results of the whole year 2025 and will be published in spring 2026.
The final amount of the portion of the NBU’s distributable profit to be transferred by the NBU to the State Budget in 2026 will depend on actual macroeconomic performance in 2025, and will be specified after an external auditor confirms and the NBU Council approves the NBU’s annual financial statements for 2025. In April and May 2025, part of the NBU’s 2024 distributable profit for was transferred to the State Budget in the total amount of UAH 84,158 million.
The Interim Concise Consolidated Financial Statements of the National Bank of Ukraine provide information explaining the events and transactions that are essential to understanding the changes in the NBU’s financial standing and performance that have occurred since the date of approval of the central bank’s latest annual Consolidated Financial Statements.
The Interim Concise Consolidated Financial Statements for the period ended 30 June 2025 are to be read together with the NBU’s annual consolidated financial statements compiled as of 31 December 2024 in line with the International Financial Reporting Standards, confirmed by an external auditor (Ernst & Young Audit Services LLC) and approved by the NBU Council.
The NBU’s Interim Consolidated Financial Statements for the period ended 30 June 2025 was compiled following the same accounting policies, estimates, judgements, and assumptions that were used in the latest annual financial statements.