Net profit of Credit Agricole Bank (Kyiv) amounted to UAH 4.09 billion last year, which is 46.5% or UAH 1.44 billion more than in 2023, the press service of the financial institution reports.
“Crédit Agricole Bank’s net profit for the year amounted to UAH 4.1 billion after taxes at the increased rate of 50% (…) The bank’s financial results demonstrate sustainable development dynamics, disciplined risk management, and customer confidence,” the press release says.
It is noted that Credit Agricole’s net banking income for 2024 reached UAH 9.25 billion, which is 4.9% more than last year.
According to the press release, this is due to the growth of net interest income by 3.9% compared to 2023 to UAH 8.17 billion and increase of the deposit base by 10.9% to UAH 100.1 billion.
It is specified that corporate deposits increased by 9.3% to UAH 79.14 billion, and retail deposits by 17.2% to UAH 20.95 billion.
At the same time, the bank’s fee and commission income decreased by 5.6% to UAH 706 million.
The volume of loans and advances to customers remained almost unchanged in 2024, remaining at UAH 28.16 billion. Loans to businesses in Credit Agricole decreased by 2.8% to UAH 23.60 billion, while loans to individuals increased by 20.6% to UAH 4.55 billion.
“Credit Agricole has strengthened its position as a leader in car lending with a 28% market share in Ukraine. In 2024, the bank disbursed new car loans in the amount of UAH 3.3 billion, which is 50% more than in the previous year, outpacing the market growth rate of 40%,” the press service of the bank noted.
Last year, the bank’s assets increased by 12.9% to UAH 116.93 billion, while liabilities grew by 9.7% to UAH 103.75 billion. Agricole’s operating expenses increased by 11.7% to UAH 2.68 billion.
