State-owned PrivatBank has announced its financial results for 2023, reporting a pre-tax profit of almost UAH 72.8 billion ($2 billion), more than double that of the previous year.
The public sector bank’s growth rates are now on par with many private sector peers.The pecking order in public sector banks is led by the State Bank of India. BoB had been the No. 3 for many years but has now beaten PNB for the second slot.