Dubrovin: this year, the expected profit of UKRGASBANK more than 1 billion UAH

Дубровин: В этом году ожидаем прибыль УКРГАЗБАНКА более 1 млрд грн

At year-end expected profits in excess of $ 1 billion, which is consistent with the financial result in accordance with the Bank’s development strategy for the years 2019-2021. Such plans approved by the Supervisory Board of UKRGASBANK.

“We clearly follow the development strategy of the UGB, therefore, planned to increase its profit to over 1 billion UAH. In addition, the Bank improves its efficiency, and the results 2019, we expect the return on equity will amount to 15.8% compared to 13,8% by the end of 2018,” – said in approving the report of the Board of UKRGASBANK, the first Deputy Chairman of the Board Alexander Dubrovin.

In addition, he noted that the Bank is expected to improve the ratio of administrative and other operating expenses to operating income before provision (CIR) from 57% in 2018 55% in 2019.

We will remind, recently the Board accepted the report of the Board of UKRGASBANK for the three quarters. By results of work for 9 months, the BANK occupies the 4th position in terms of assets and 1 position in the banking system by the volume of funds of clients of legal entities. over-Fulfillment of net profit relative to the plan amounted to 278 million.

Source