The net loss of the state-owned Sberbank in the first half of 2022 amounted to UAH 4.031 billion, while the net profit for the same period in 2021 amounted to UAH 513 million, according to the bank's balance sheet..

According to the report, the bank's net interest income for six months amounted to UAH 1.05 billion, which is six times less compared to the same period last year (UAH 6 billion).

Net fee and commission income amounted to 2.34 billion. UAH. , which is 22% less than in the first half of last year (3 billion. UAH.

The financial result of the bank was also affected by deductions to reserves at the level of UAH 5.4 billion.

Sberbank was founded in 1991. Its sole owner is the state. As of June 1, 2022. in terms of total assets, Sberbank ranks 2nd in the rating (UAH 257.06 billion) among 69 banks in the country.

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Recall, Fitch downgraded Ukraine's rating to " The total damage to the Ukrainian economy as of May this year as a result of the war amounted to 564-600 billion dollars.