The largest Bank in Ukraine increased its profits fourfold

Крупнейший банк Украины нарастил прибыль вчетверо

PrivatBank continues to increase profits

Net profit of PrivatBank in two months amounted to 5.2 billion. Over the past year, the Bank earned 11.7 billion

For the first two months of 2019, the net profit of PrivatBank amounted to 5.2 billion, which is 4.3 times more than for the corresponding period in 2018. About it reports a press-service of the Bank.

It is noted that profitable operation of the Bank was provided with a systematic increase of loan portfolio by UAH 14 bn. PrivatBank during this period increased the volume of highly liquid assets 22.2 billion UAH – up to 206 billion UAH in comparison with January-February 2018.

“The growth of loan portfolio primarily by retail loans (+UAH 8.6 bn) and financing for small businesses (+1.5 billion) in January and February 2019, provided the increase in net interest income of the Bank up to UAH 5.5 bn (+UAH 1.1 bn). Extension payment and #cashless services increased since the beginning of the year net Commission income by 0.5 billion UAH”, – stated in the message.

From March 2018 to February 2019 PrivatBank has also provided the increase of the resource base of 12.6 billion, much of which falls on retail customers (+10.3 billion UAH) and small and medium businesses (+6.8 billion UAH). The carrying amount of the refinancing of the NBU, with the beginning of the year decreased to UAH 9.1 billion.

As you know, at the end of 2018 PrivatBank received UAH 11.7 billion of net profit. Thus at the end of 2017 PrivatBank was a loss of nearly $ 23 billion.

Recall, the Cabinet took the decision to move 100% of PrivatBank in the state from December 19, 2016.



News from the Telegram. Subscribe to our channel

The Nationalization Of PrivatBank

GPU got access to the accounts of the company Kolomoisky

The London court will hold a hearing on the case of PrivatBank

The Finance Ministry is pleased with the court decision on the seizure of assets of Kolomoisky

GPU got access to the documents on the nationalization of PrivatBank

Prosecutors have sought access to documents of PrivatBank