Ukrainian state-owned banks cut personnel, private banks increase their staff in Q3

MOSCOW. Nov 15 (Interfax) - Ukrainian state-owned banks cut their personnel by 234 employees to 48,390 in July-September 2024, while the staff of private banks grew by 250 employees to 28,760, Ukrainian media said, citing the quarterly bank review published by the National Bank of Ukraine (NBU) on its website.

According to the review, the largest state-owned on the market, PrivatBank, increased its staff by seven employees to 19,850, after cutting personnel by 694 employees in the first half of the year.

There was an uptick in the number of foreign bank employees in July-October, by 51 to 18,940.

In all, Ukrainian banks' personnel decreased by almost 1,000 employees to 96,100 this year, including by 1,600 in state-owned banks and by 250 in foreign banks, while the staff of private banks increased by 860.

The total share of seven state-owned banks in net assets of all 62 banks remained at 53.3% in the third quarter of this year, while decreasing slightly by 0.7 percentage points in household funds to 63.4%, primarily due to the active attraction of funds by private and foreign banks, the NBU said.