Profit of state-run Oschadbank (Kyiv) in January-September totaled 410.7 million UAH, while the bank saw 5.4 billion UAH loss a year ago, the bank has said in a press release.
Operating income over the period exceeded 7 billion UAH, including almost 5 billion UAH of net interest income and 1.5 billion UAH of net fee income. Net fee income grew by 402.5 billion UAH or 35.8%.
Assets increased by 20.2%, to 181.3 billion UAH. Credits grew by 4.2%, to 104.5 billion UAH mainly thanks to credits issued to companies (they rose by 4%, to 99 billion UAH). Net worth increased by 107.3%, to 15.2 UAH billion mainly thanks to an increase in charter capital by 4.96 billion UAH, to 34.86 billion UAH.
Deposits of companies and individuals rose by 37.9%, to 127.7 billion UAH. Companies’ deposits expanded by 68.6%, to 66.3 billion UAH, and individuals’ deposits – by 15.2%, to 61.4 billion UAH.
Regulatory capital adequacy was 10.74% as of October 1.
Oschadbank was founded in 1991. Its sole owner is the state.
Oschadbank ranked second among 108 operating banks in the country on July 1, by total assets (185.077 billion UAH), according to the National Bank of Ukraine. (Interfax/Business World Magazine)