KYIV. May 10 (Interfax-Ukraine) – The net profit of Kredobank (Kyiv) in January-March 2017 amounted to UAH 101.414 million, which is 52.3% more compared to the corresponding period of 2016, according to the financial statements published on the bank’s website.
According to the document, Kredobank’s net interest income for the first three months increased by 14.6% compared to the corresponding period last year, to UAH 249.057 million. Excluding expenses for formation of reserves, net interest income amounted to UAH 215.158 million, or 9.5% more than in the first quarter of last year.
The bank also increased net commission income by 44.1%, to UAH 81.864 million.
Administrative and other operating expenses amounted to UAH 190.976 million, which is 36.4% more than a year earlier.
The balance sheet for January-March remained almost unchanged and by the end of the reporting period was UAH 11.175 billion.
The portfolio of loans and advance payments issued to customers increased by 7.1%, to UAH 5.989 billion, the deposit portfolio was up by 3.2%, to UAH 8.438 billion.
