At the end of 2022 assets of state-owned PrivatBank (Kyiv) reached UAH 549.7 billion, which is 35% more than at the end of 2021 (UAH 407.3 billion).
As Anna Samarina, the deputy chairman of the bank management board, said at the press conference “We take and report: the largest bank in the year of the most difficult challenges” on Friday, such growth is due to increase of liquid assets by 110.3 billion UAH, growth of additional investments in government bonds by 17.3 billion UAH and growth of the business customer loan portfolio by 10.1 billion UAH.
At the same time, in 2022 the portfolio of loans to individuals decreased by 900 million UAH.
According to Samarina, customer accounts at the end of 2022 amounted to UAH 472 billion (in equivalent), which is 1.5 times higher than at the end of 2021 (325.3 billion UAH).
The growth was due to the receipt of 117.6 billion UAH in customer accounts and the impact of changes in the exchange rate (29.1 billion UAH).
“We kept our expenses almost at the level of 2021. The growth was 5%. We did not cut costs, we did not cut staff. We have been very attentive to the expenses we have incurred,” noted the deputy head of PrivatBank.
She added that in the first months of the war there were big discounts from many suppliers, which also helped the bank, but it had no significant effect on the expenses.
The bank’s provisions for credit risks increased 17.1-fold to UAH 15.4 billion.
