PrivatBank (Kyiv) saw net loss of UAH 1.604 billion in January-September compared with net profit of UAH 592 million a year ago, according to a financial report of the bank posted on its website.
The bank said that its net interest income grew by 43.8%, to UAH 4.959 billion. Not taking into account expenses on reserves, net interest loss totaled UAH 2.265 billion compared with UAH 2.714 billion of net interest profit a year ago.
Net fee income over the period grew by 23.4%, to UAH 7.015 billion.
Administrative and other operating expenses increased by 23.4%, to UAH 7.986 billion.
Assets expanded by 23.5%, to UAH 253.387 billion, including an 8.6% rise in credits issued to clients, UAH 47.622 billion.
Acquisition of securities for UAH 32.253 billion contributed to growth of assets.
Funds of clients grew by 11.9%, to UAH 202.677 billion. (Interfax-Ukraine/Business World Magazine)
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