First Ukrainian International Bank (FUIB, Kyiv) received UAH 1.55 billion in net profit in January-March 2025, which is 27.2%, or UAH 0.58 billion, less than in the first quarter of 2024.
According to the bank’s financial statements, pre-tax profit in the first quarter of 2025 amounted to UAH 2.07 billion, which is 27.2%, or UAH 0.77 billion, less than in the corresponding period of 2024.
PUMB’s net interest income for the reporting period increased by 11.5%, or UAH 0.41 billion, to UAH 3.96 billion, net commission income increased by 2.9% to UAH 0.53 billion, while net income from foreign exchange operations decreased by 8.2% to UAH 0.20 billion.
At the same time, impairment losses in the first quarter of this year amounted to UAH 0.26 billion, compared with a profit of UAH 0.36 billion in the same period last year, while the bank’s operating expenses increased by 30.2% to UAH 2.4 billion.
Among other things, it is noted that in addition to software maintenance costs, which are included in operating expenses, in the first three months of 2025, the bank was provided with software development and support services by a related party in the amount of UAH 381 million, which were recognized as intangible assets, compared to UAH 190 million in the first three months of 2024.
PUBM’s total assets since the beginning of the year decreased by 3.3%, or UAH 6.16 billion, to UAH 180.43 billion, while total liabilities decreased by 4.5%, or UAH 7.36 billion, to UAH 157.0 billion.
At the same time, the bank’s equity increased by 5.1%, or UAH 1.2 billion, to UAH 23.4 billion, of which undistributed profit reached UAH 13.09 billion.
It is noted that on April 30, the shareholders’ meeting decided to allocate UAH 197.12 million of the UAH 3.94 billion net profit for 2024 to the reserve fund and leave the rest undistributed.
According to the National Bank of Ukraine, at the beginning of 2025, PUMB ranked sixth (UAH 186.5 billion) among 61 banks operating in the country in terms of total assets.
