The largest bank in Ukraine, PrivatBank (Dnipro) posted a 6.5-fold rise YoY in profit in January-September, to 592 million UAH, the bank has said in a report.
Net interest income (before payments to reserves) over the period reached 3.085 billion UAH (3.281 billion UAH in January-September 2015). Commission revenue grew by 71%, to 7.587 billion UAH.
Total assets grew by 5%, to 271.54 billion UAH, including credits and advance payments to clients – by 2.6%, to 194.318 billion UAH.
The amount of credits and advance payments to affiliated persons as of September 30, totaled 7.189 billion UAH, down by 54.6% YoY.
The bank’s liabilities grew by 4.4%, to 241.245 billion UAH, including funds of clients – by 10.2%, to 196.077 billion UAH. Liabilities under transactions with affiliated persons as of September 30, reached 22.877 billion UAH (22.703 billion UAH as of late 2015).
Debt to the National Bank of Ukraine (NBU) as of October 1, totaled 21.087 billion UAH, down by 22.1% since early 2016 (27.079 billion UAH).
As of September 30, 11.46% of the share capital of the bank (8.7 million shares) was used as collateral to secure NBU’s credits.
Subordinated debt over the period decreased by 16.1%, to 7.593 billion UAH.
Capital totaled 30.295 billion UAH, including share capital – 21.257 billion UAH and contributions to capital paid but not registered amounted to 4.591 billion UAH.
PrivatBank was founded in 1992. As of March 31, its largest shareholders were Hennadiy Boholiubov (direct participation is 33.2525%, indirect – 8.3244%) and Ihor Kolomoisky (direct participation – 41.6572%, indirect – 8.3244%). (Interfax/Business World Magazine)