Business news from Ukraine

PrivatBank’s net profit down by 13.7% in 2022

2 February , 2023  

The net profit of state-owned PrivatBank (Kiev) in 2022 was 30.25 billion UAH, down 13.7% from 2021 (35.05 billion UAH), the bank’s press service said Thursday.
“PrivatBank ended 2022 with a net profit of 30.25 billion UAH amid martial law in Ukraine, prolonged uncertainty and the need to support its own employees customers and small and medium businesses. This is preliminary data on the confirmation of the bank’s annual and financial statements by an external auditor”, – reads the statement.
According to the press-service, since the beginning of the year PrivatBank increased the number of active clients by 150 thousand – up to 19,1 million individuals and legal entities, and the number of active Privat24 clients – by 1,3 million, up to 13,1 million clients.
In addition the volume of payments by cards in POS-terminals of the bank increased by 551 billion UAH or 17%, deposits and funds of population increased by 107.7 billion UAH (or 48%).
Business funds for the year increased by 35.6 billion UAH or 37%, loan portfolio of legal entities (net) – by 58%.
For the year there were given 23,8 billion UAH of loans to small and medium businesses.
Every day 1 thousand branches, 5 thousand ATMs, 10 thousand terminals and 180 thousand commercial terminals work in PrivatBank network.

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