Raiffeisen Bank’s profit for January 2023 was UAH 742 million, up 62% from the same period in 2022 (UAH 457 million), the bank’s press service said Thursday.
According to the report, the bank’s income in January amounted to 1.8 billion UAH, which is 1.6 times more than in January 2022 (1.1 billion UAH).
Including net interest income amounted to 1.4 billion UAH, or 78% of the total income.
It is indicated that the fee and commission income increased by 28% up to UAH 270 billion, indicating the growth of client operations, including remote service channels.
The trade result grew by 30% year-on-year and made up UAH 124 mln.
Besides, in January the bank allocated UAH 380 mln. to provisions for possible credit and operational risks caused by war, that is 4.7 times more than a year before.
The share of NPLs in the loan portfolio of the bank by the end of January was 14.8%, while the loan portfolio decreased slightly to UAH 72 bn.
According to the message, funds of corporate clients in Raiffeisen Bank increased by 6 billion UAH to 61 billion UAH, and funds of individuals – by 1% to 6 billion UAH.
It is noted that half of the 300 operating branches of Raiffeisen Bank are equipped with generators and backup communication channels.
