The net profit of Credit Dnipro Bank (Kyiv) amounted to UAH 561 million in 2021, which is 13.6 times more than in the same period of 2020 (UAH 41.41 million), according to the bank’s website on Thursday.
According to the report, net interest income increased 1.9 times over the year compared to the corresponding period of 2020, to UAH 804 million, net fee and commission income – 1.5 times, to UAH 173 million.
As of January 1, 2022, the bank’s assets amount to UAH 20.4 billion, which is 59% more than at the beginning of last year.
“This asset growth was due to both a growth of a resource base and an increase in capital at the expense of net profit,” the report says.
Credit Dnipro Bank was founded in 1993. On July 30, the National Bank of Ukraine (NBU) agreed on the direct acquisition by Oleksandr Yaroslavsky of 100% of a charter capital of the financial institution.
According to the data of the National Bank of Ukraine, as of January 1, 2022, in terms of total assets, Credit Dnipro Bank ranked 29th (UAH 23.565 billion) among 71 operating banks.
Ukrainian businessman Oleksandr Yaroslavsky, the former co-owner of UkrSibbank, could acquire Bank Credit Dnipro, which is currently owned by Ukrainian businessman Victor Pinchuk.
The Antimonopoly Committee of Ukraine (AMC) told Interfax-Ukraine that the agency allowed Yaroslavsky to purchase more than 50% of the shares in the bank.
EastOne investment and consulting group, combining Pinchuk’s assets, did not comment on this information.
Yaroslavsky at the end of January informed Interfax-Ukraine agency about the completion of preparation of the documents necessary for the transaction on the purchase of Bank Credit Dnipro, which could happen in the coming days.
Bank Credit Dnipro was founded in 1993.
According to the National Bank of Ukraine, as of October 1, 2019, in terms of total assets (UAH 11.784 billion) the bank ranked 21st among 76 existing ones. In early February this year, the bank completed the procedure of increasing charter capital by UAH 866.562 million, or 32%, to UAH 3.587 billion.
