Banks with foreign capital Alfa Bank and Raiffeisen Bank (both in Kiev) topped the list of 46 profitable banks in September with net profit UAH 558.2 million and UAH 522.3 million respectively.
According to the data published by the National Bank of Ukraine on its website with a significant delay, Alfa Bank reduced its reserves by UAH 646.1 mln, while Raiffeisen Bank showed a profit despite the formation of additional 667.9 mln reserves.
Alfa’s assets decreased by UAH 6.6 bln, or 5.9%, while Raiffeisen Bank increased by UAH 5.1 bln, or 3.2%.
There are also three banks with foreign capital in the top five leading positions in September: OTP Bank – UAH 423.0 mln, Ukrsibbank – UAH 399.1 mln and Citibank – UAH 390.5 mln.
Oshchadbank lagged a little behind, showing UAH 371.4 mln of profit in September, despite the increase in reserves by another UAH 1.18 bln. Universal Bank (mono) followed with UAH 222.9 mln and Credit Dnipro Bank with UAH 178.1 mln.
Alfa Bank managed to improve its financial results in September after the largest loss of UAH 1.357 billion, which was registered in August among all banks, while Ukreximbank, that ranked second from the bottom with losses of UAH 1.103 billion, demonstrated only poorer results in September: UAH 3.5 billion with an increase of reserves by UAH 2.47 billion and assets by UAH 16.93 billion.
PrivatBank went from the most profitable bank in August (UAH 3.21 billion) to one of the most unprofitable in September, having showed negative financial results of UAH 317.4 million and decrease of assets by UAH 20.02 billion with insignificant growth of reserves by UAH 0.07 billion.
Idea Bank (UAH 190.3 mln (UAH 67.6 mln), FUIB (UAH 183.1 mln) (UAH 498.1 mln), ProCredit Bank (UAH 145.3 mln) and Alliance Bank (UAH 138.1 mln (UAH 86 mln)) were among the banks with significant losses as of September.
According to the results of nine months of this year, PrivatBank remains the most profitable – UAH 13.83 billion.
It is followed by Oshchadbank with 2.71 billion UAH, Raiffeisen Bank with 2.39 billion UAH, Ukrsibbank with 2.10 billion UAH and Citibank with 1.51 billion UAH, and three private Ukrainian banks: Universal Bank with 0.88 billion UAH, Pivdenny Bank with 0.34 billion UAH and Aybox Bank with 0.29 billion UAH.
The biggest losses in January-September were shown by Ukreximbank – UAH 7.91 billion, Alfa Bank – UAH 4.32 billion, and state-owned Ukrgasbank – UAH 3.36 billion.
ProCredit Bank and Idea Bank are at the bottom of the five losing banks with UAH 1.43 billion and UAH 0.23 billion.
Within nine months of this year 44 banks showed net profit, while 23 banks showed net loss.
The total net profit of all banks amounted to 7.37 billion UAH after the net loss, including 1.06 billion UAH in September. However, excluding PrivatBank, the financial result of the banking system for the nine months will also be negative – 6.46 billion UAH.
According to the National Bank, in September, the total portfolio of government bonds of all banks decreased by UAH 0.24 billion, most of all in Alpha Bank – UAH 1.97 billion, while FUIB – UAH 0.56 billion, Citibank – UAH 0.5 billion, RVS Bank – UAH 0.46 billion.
At the same time, Raiffeisenbank and Oschadbank increased their portfolios of government bonds by UAH 1.09 bln and UAH 2.83 bln, respectively.
