The top 10 banks in Ukraine accounted for 80% of the entire banking system's revenue in 2025
Last year, Ukraine’s leading financial institutions demonstrated steady growth, generating total revenue of 304.27 billion hryvnia.
This is evidenced by the results of a recent analysis by the OpenDataBot platform on the performance of the country’s 60 largest banks.
Compared to the previous period, this figure increased by 14%.
The lion’s share of the market remains concentrated: the top ten institutions account for 80% of the banking system’s total revenue.
State-owned institutions traditionally dominate, accounting for 67% of the sector’s revenue, which amounts to 202.89 billion UAH. The five state-owned banks remain the main pillar of financial stability.
“PrivatBank remains the undisputed market leader with UAH 122.63 billion in revenue. This is 11% more than a year earlier. At the same time, the bank’s net profit decreased by 28% to UAH 29.08 billion. Despite this, it remains the most profitable bank in the country,” analysts note.
The decline in the leader’s net profit was caused by significant tax payments. In 2025, these amounted to UAH 58.88 billion, which is nearly 67% of pre-tax profit.
These liabilities arose after the bank ceased recognizing assets linked to former owners and accrued UAH 37.5 billion in taxes.
The state-owned Oschadbank firmly holds the second position. In 2025, its revenue grew by 13%, reaching UAH 41.68 billion.
The financial institution also demonstrated positive profit growth, which increased by 12% to UAH 16.63 billion at the end of the reporting period.
The real breakthrough of the year was the private Universal Bank (monobank), which rose to third place in the ranking.
Its revenue grew 1.4-fold, reaching UAH 27.2 billion. The bank managed to outpace Raiffeisen Bank in terms of revenue and demonstrated record profit growth among the leaders—2.8-fold.
Raiffeisen Bank dropped to fourth place at the end of the year with revenue of UAH 23.63 billion.
Despite the change in its ranking position, the bank significantly improved its efficiency, increasing net profit by 2.5 times—to UAH 10.74 billion. This indicates the successful adaptation of the bank’s strategy to current market conditions.
As a reminder, banks in Ukraine are increasing the pace of lending in frontline regions.
The National Bank of Ukraine revoked the licenses of two credit unions.
