The net profit of ING Bank Ukraine (Kyiv) in January-September 2019 totaled UAH 581.984 million, which is 70.7% more than a year ago (UAH 311.638 million), according to quarterly financial statements of the bank posted on its website last week.
The net profit in Q3 2019 totaled UAH 165.506 million, which is 69.3% more than a year ago.
Net interest income for in January-September this year increased 5.7% compared to the corresponding period of 2018, to UAH 756.340 million.
According to the results of January-September 2019, the bank’s assets increased 11.0%, to UAH 12.159 billion, including loans issued to customers, which decreased 29.9%, to UAH 5.977 billion.
Bank liabilities from the beginning of the year grew by 17.3%, to UAH 8.051 billion.
The bank’s net worth for this period increased 0.5%, to UAH 4.108 billion. The charter capital remained at the level of UAH 731.298 million.
ING Bank Ukraine was founded in 1997. By January 1, 2019, its sole shareholder was ING Bank N.V.
According to the National Bank of Ukraine (NBU), on July 1, 2019, ING BankUkraine ranked 22nd in terms of net assets (UAH 11.413 billion) among 76 operating Ukrainian banks.
The net profit of ING Bank Ukraine in January-June 2019 amounted to UAH 366.478 million, which is 71.3% more than in the same period in 2018 (UAH 213.894 million), the bank reported in a statement published on its website.
Net interest income of the bank for the first six months of this year increased by 13.6% compared with the corresponding period last year, to UAH 526.102 million.
Its assets since the beginning of the year decreased by 2.4%, to UAH 10.684 billion, loans to customers by 24.8%, to UAH 6.418 billion.
The bank’s liabilities from the beginning of this year have decreased by 1.8%, to UAH 6.742 billion.
Charter capital in the first half of the year remained at the level of UAH 731.298 million, while net worth was down by 3.5%, to UAH 3.942 billion.
ING Bank Ukraine was founded in 1997. By January 1, 2019, its sole shareholder was ING Bank N.V.
ING Bank Ukraine ranked 21st among 77 operating Ukrainian banks as of April 1, 2019 in terms of net assets (UAH 11.347 billion), according to the NBU.
Myronivsky Hliboproduct Agroholding (MHP) will borrow EUR120 million (UAH 3.79 billion) in a loan from ING Bank N.V., PrJSC Zernoproduct MHP reported.
The company will act as a guarantor for this loan, it said in an announcement of the information disclosure system of Ukraine’s National Securities and Stock Market Commission.
PrJSC Zernoproduct MHP’s assets are estimated at UAH 6.103 billion, according to the latest financial statements. The ratio of loan value to asset value is 62%.
According to the MHP website, PJSC Zernoproduct MHP was established in 2004, it has 19 branches, two grain elevators, 23 dairy farms. Its land bank is 90,900 hectares.
