Why are Ukrainian banks so profitable during war?

Origin: The Kyiv Independent.

Vyshlinsky agrees, claiming that state-owned banks are run inefficiently but are seen by the NBU as a safe pair of hands compared to oligarch owners like Kolomoisky.

For now, Ukraine has said investors are interested in two state-owned banks: SenseBank and Ukrgasbank. For the two giants, Privatbank and Oschadbank, it is unlikely they will be sold until after the war.

However, Vyshlinsky believes there is an inertia from state-owned supervisory boards and CEOs to sell the banks and references the failure to privatize Ukrgasbank in the years leading up to the start of the full-scale invasion.

“Nobody has any real interest in changing the status quo,” he says.