Business news from Ukraine

Business news from Ukraine

IDEA BANK’S PROFIT COMES TO UAH 11.568 MLN IN H1, 2016

12 August , 2016  

KYIV. Aug 12 (Interfax-Ukraine) – The profit of Idea Bank (Lviv) in January-June 2016 amounted to UAH 11.568 million, while its loss in the same period in 2015 amounted to UAH 53.049 million.

According to a bank press release, its net interest income in the first half of this year increased by 8.1 times compared to the same period last year and amounted to UAH 217.067 million.

The bank’s assets in January-June this year increased by 4.2%, to UAH 2.905 billion, the loan portfolio amounted to UAH 2.19 billion.

Net worth increased by 61.8% and amounted to UAH 242.529 million. In April this year Idea Bank completed the next issue of shares and increased its capital by UAH 81.03 million.

Idea Bank was founded in 1989. The largest shareholder on January 1, 2016 was Getin Holding S.A. (99.522%).

Idea Bank ranked 39th among 109 operating banks on April 1, 2016 in terms of assets (UAH 2.735 billion), according to the National Bank of Ukraine.