The net profit of First Ukrainian International Bank (FUIB, Kyiv) for January-June this year amounted to UAH 3 billion 676.54 million, which is 16.8 times higher than in the same period of 2022, according to the bank’s report in the information disclosure system of the National Securities and Stock Market Commission (NSSMC).
According to the report, FUIB’s net interest income for January-June 2023 increased 4.3 times to UAH 5 billion 743.88 million.
Net fee and commission income for six months of the current year increased by 31.5% to UAH 1 billion 93.01 million, the report says.
It is stated that in January-June this year FUIB disbanded UAH 341.80 million of reserves, while in the same period last year it increased them by UAH 4 billion 267.11 million.
The bank’s total profit for the first half of 2023 reached UAH 4 billion 19.74 million against UAH 78.61 million in the first half of last year.
According to the report, in January-June this year, the bank’s assets grew by UAH 13 billion 736.74 million, reaching UAH 125 billion 710.96 million.
Such growth is explained by a significant increase in investments in securities – from UAH 12 billion 586.77 million to UAH 45 billion 547.69 million, while cash and funds with the NBU, on the contrary, decreased by 1.7 times – to UAH 27 billion 151.01 million.
At the same time, loans and advances to customers increased from UAH 43.77 billion to UAH 44.78 billion, while debts of other banks increased by UAH 0.64 billion to UAH 41.27 billion.
FUIB’s customer funds increased from UAH 90 billion 38 million to UAH 104 billion 77 million in the first half of 2023, while the bank’s capital increased from UAH 11 billion 76 million to UAH 15 billion 71 million, including retained earnings from UAH 3 billion 82 million to UAH 7 billion 502 million.
FUIB was founded in 1991, according to its website, it serves about 1.5 million customers and is owned by Rinat Akhmetov. According to the NBU data as of June 1, FUIB was among the top ten largest banks in the country, ranking 8th among 65 operating Ukrainian banks in terms of assets (UAH 131.96 billion). As of the end of June, the bank’s network included 5 regional branches and 221 outlets, compared to 213 outlets at the beginning of the year.
