Raiffeisen Bank Aval saw UAH 3.804 billion of profit after taxation in 2016, being the best among Ukrainian banks, the National Bank of Ukraine (NBU) has reported.
Citibank saw UAH 1.45 billion of profit and OTP Bank saw UAH 913.76 million, being third.
Credit Agricole Bank saw UAH 807.79 million and ING Bank Ukraine – UAH 791.1 million followed by Oschadbank with UAH 468.17 million of profit. Oschadbank revaluated securities for sale in the bank’s portfolio – UAH 1.177 billion. This increased its total revenue to UAH 1.845 billion (second on the market).
Ukrgasbank also revaluated its securities portfolio – UAH 403.02 million. The bank was ninth in terms of profit after taxation with UAH 293.68 million and seventh in total revenue with UAH 696.7 million.
FUIB saw UAH 367.01 million of profit after taxation, ProCreditBank – UAH 300.65 million and Kredobank – UAH 263.68 million.
Nationalized PrivatBank is at the end of the list. The bank posted UAH 135.309 billion loss after taxation due to forming reserves for the non-performing loan portfolio.
Ukrsotsbank bought by the owners of Alfa-Bank last year saw UAH 10.367 billion and Alfa-Bank (Kyiv) – UAH 4.095 billion. Subsidiaries of Russian banks VTB Bank saw UAH 6.32 billion of loss, Prominvestbank – UAH 4.227 billion, Sberbank – UAH 2.818 billion and BM Bank – UAH 1.759 billion.
State-run Ukreximbank also posted large loss – UAH 1.011 billion, UkrSibbank – UAH 993.97 million, Pravex-Bank – UAH 588.38 million and Diamantbank – UAH 573.02 million. For all banks the reason of seeing loss was impairment expense.
In general, loss after taxation of 93 operating banks in the country in 2016 totaled UAH 158.48 billion: 62 banks posted UAH 10.817 billion of profit, while 31 banks saw UAH 162.3 billion loss.
The NBU also gave return on assets data for 2016, according to which Alliance Bank showed the best result with 23.76% followed by Citibank with 10.21% and Crystalbank with 7.48%.
Bank 3/4 posted 6.94% return on assets and Industrial-Financial Bank – 6.53%, while Raiffeisen Bank Aval – 5.39%, bank Avangard – 5.07%, Deutsche Bank DBU – 4.89%, ING Bank Ukraine – 4.6% and Poltava-Bank – 4.46%. (Interfax/Business World Magazine)