The net loss of Ukreximbank (Kyiv) amounted to UAH 2.07 billion in January-March 2020, while for the same period in 2019 the bank declared UAH 395.32 million in profit, the bank said in the quarterly financial statements released on its website.
According to the statements, the bank’s net interest income amounted to UAH 325.99 million for the first quarter, which is 9.7% more than for the first quarter of 2019, while the net profit from investments in securities increased by 40.6 times, to UAH 2.44 billion.
The bank lost UAH 4.3 billion on differences in rates, while it earned UAH 407.74 million in the same period in 2019.
The bank’s assets increased by 6.9%, to UAH 150 billion, including loans to customers by 7.9%, to UAH 57.5 billion for the reporting period.
The bank’s liabilities increased by 10.8%, to UAH 145.58 billion, including customer deposits by 12.2%, to UAH 86.54 billion.
The bank’s net worth halved to UAH 4.5 billion. Ukreximbank’s charter capital remained at the level of UAH 38.73 billion.
According to the National Bank of Ukraine, as of January 1, 2020 Ukreximbank ranked third among 75 banks operating in the country in terms of total assets (UAH 202.92 billion).
Ukreximbank, the sole owner of which is the state, was created in 1992.