PrivatBank, the largest on the market, confirmed disruptions and delays in the work of the bank’s services, in particular Privat24, ATM networks and card payments through merchant terminals.
“All IT specialists involved are working to restore stable work as soon as possible,” the financial institution said in a telegram message.
The bank thanked customers for their understanding and patience.
As stated by the National Bank in a report for 2022, the leaders in Ukraine on the issue of payment cards are state-owned PrivatBank and Oschadbank – respectively 43.8% and 15.4%, as well as Universal Bank (mono) – 13.2%.
The largest number of payment terminals on the market also belongs to PrivatBank – 60.4%, Oschadbank – 19.6% and Raiffeisen Bank – 7.6%.
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.
State-owned PrivatBank, the largest in the market, will pay dividends to the state budget in 2022 in the amount of 24 billion 158.37 million UAH, or 80% of net profit.
According to the report of the Ministry of Finance, the distribution of profits was approved by the Cabinet of Ministers at the meeting on April 28.
Net profit of PrivatBank for 2022 was UAH 30.198 billion, a decrease of 13.7% compared with 2021, in which the bank paid to the state budget UAH 28 billion in dividends, which also amounted to 80% of net profit.
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.
State-owned PrivatBank (Kyiv) raised limit on cash withdrawal at ATMs of its network for foreign cards and cards of other banks up to UAH 20 thousand per a transaction once in three hours since November 23, press-service of financial institution informed on Thursday.
“The increase in card cash-out limits for all Ukrainian and foreign banks will allow clients of all banks to access cash when necessary,” said PrivatBank board member for retail business Dmitry Musienko, quoted by the press service.
He added that at the moment there are more than 5 thousand ATMs in the network of PrivatBank in all regions of Ukraine.
The press service of the bank specified to Interfax-Ukraine news agency that previously the limit on withdrawal at PrivatBank ATMs of foreign and foreign cards was 10 thousand UAH.
ATMs, CASH, LIMIT, PRIVATBANK
The state-owned banks PrivatBank and Oschadbank (Kyiv) have become participants in the new state program of affordable housing “єOselya”, which has been launched in “Dії” in a test mode, the press services of the banks reported.
According to the report, under this program, bank customers can buy housing with an initial payment of 30% for PrivatBank and 20% for Oschadbank, with loans from 1 to 20 years at 3% per annum.
The military, law enforcement officers, doctors, educators and scientists can become participants in the program this year.
It is indicated that the mass launch of the program will take place in the second half of October, then it will be possible to use the service in the Diya mobile application, and it will be possible to submit an application in a few clicks.
affordable housing, Joselya, OSCHADBANK, PRIVATBANK, state program
