PrivatBank declared a profit of UAH 9.03 billion in January-November.
Earlier, Deputy Head of the Board at PrivatBank Halyna Pakhachuk said that about half of the bank’s interest income was generated by government bonds received during additional capitalization – UAH 8.7 billion since the beginning of the year (the Finance Ministry’s coupon payments on government bonds).
According to her, the bank received another UAH 1 billion from short-term government bonds, which was invested independently.
Pakhachuk said that PrivatBank would receive at least UAH 5 billion in net profit in 2018 and set this as a minimum figure for the draft financial plan for 2019.
She noted that PrivatBank did not need additional capitalization from the state – “we can cover all additional risks at the expense of our own profit.” (Ukrinform/Business World Magazine)