Ukrainian banks sustain losses of almost UAH 75 billion for two months

In January and February Ukrainian banks sustained losses of UAH 74.5 billion, the press service of the National Bank of Ukraine has reported.

"The losses suffered by the system of banks as of March 1, 2015 was worth UAH 74.5 billion," reads the statement.

Banks' profits for the two months increased by 72.6%, compared with the same period in 2014, and amounted to UAH 57.1 billion; the costs increased by 268.6% and amounted to UAH 131.6 billion.

Unprofitable activities of banks led to a decrease in their regulatory capital by UAH 71.3 billion from the beginning of the year and to the deterioration of the value of other prudential regulations and banks performance index.