TAScombank (Kyiv) saw UAH 22.337 million of net profit in January-June, up 30.7-fold YoY (UAH 727,000).
According to a bank report, its net interest income in H1 quadrupled, to UAH 617.9 million. Not taking into account expenses to form reserves net interest income totaled UAH 392.055 million (6.2-fold rise).
The bank saw a 2.5-fold rise in commission fee income, reaching UAH 123.341 million.
Assets grew by 30.6%, to UAH 10.615 billion, including a 47.3% rise in credits and debts of clients, to UAH 8.072 billion.
The charter capital was increased by 97.4%, to UAH 608 million, and net worth – by 3.4%, to UAH 674.717 million.
TAS is one of the largest financial and industrial groups in Ukraine. It develops four main directions: finance, industry, venture business, and real estate. They are managed by TAS Group LLC. TAS Group started operating in 1998.
The founder and the majority shareholder in the group is former head of the National Bank of Ukraine (NBU) Sergiy Tigipko.
The bank ranked 20th among 90 operating banks as of April 1, in terms of total assets worth UAH 8.57 billion, according to the NBU. (Interfax-Ukraine/Business World Magazine)