The net profit of Kyiv-based Citibank in January-June 2019 reached UAH 988.495 million that is by 57.4% more than in the same period in 2018 (UAH 627.989 million), the bank said in its report.
Its net interest-bearing income for the six months came to UAH 968.718 million, a rise of 47.2% year-over-year.
The total assets of the bank over the period decreased by 2.7%, to UAH 24.161 billion, including 23.5% drop in the credits and debts of clients, to UAH 5.475 billion.
The report says that liabilities of the bank fell by 1.7%, to UAH 22.153 billion.
The bank’s charter capital remains the same in the first half of the year and totals UAH 200 million, net worth over the period reduced by 12.6%, to UAH 2.008 billion.
Citibank was founded in 1998. It is a subsidiary of the American-based Citibank NA.
The largest shareholders of the financial institution on January 1, 2018 were Citibank Overseas Investment Corporation (67%) and Citicorp Leasing International LLC (33%).
Citibank ranked 15th among 77 banks in terms of total assets on April 1, 2019 (UAH 22.890 billion), according to the National Bank of Ukraine.
