Ukraine’s banking sector earned a record after-tax profit of UAH16.762bn ($457 mn) in January 2024, the National Bank of Ukraine (NBU) reported on March 6. Leading the charge was the state-owned PrivatBank, which alone contributed UAH5.869bn ($160 mn) to the total earnings, despite also carrying the largest share of non-performing loans (NLPs). The NBU reported that the other major contributors include state-owned Oschadbank and Ukreximbank, securing second and third places with profits of UAH1.556bn ($42 mn) and UAH1.061bn ($29 mn) respectively. Amongst the foreign banking groups, Raiffeisen …