Business news from Ukraine

FIRST UKRAINIAN INTERNATIONAL BANK SEES 37% RISE IN NET PROFIT

The net profit of First Ukrainian International Bank (FUIB, Kyiv) in January-September 2019 totaled UAH 1.994 billion, which is 36.8% more than a year ago (UAH 1.458 billion), according to quarterly financial statements of the bank posted on its website on Thursday.
The net profit in Q3 2019 amounted to UAH 728.905 million, which is 60.1% more than a year ago.
Net interest income in January-September 2019 increased 31% compared to the corresponding period of 2018, to UAH 3.884 billion.
The bank’s assets in January-September 2019 increased 3.2%, to UAH 51.444 billion, including loans issued to customers by 12.8%, to UAH 30.727 billion.
Bank liabilities from the beginning of the year decreased 1.2%, to UAH 43.029 billion.
The bank’s net worth for this period increased 33.1%, to UAH 8.415 billion. The charter capital remained at the level of UAH 3.294 billion.
FUIB was founded in 1991. The substantial shareholder in the bank is Rinat Akhmetov (99.9% indirectly).
According to the National Bank of Ukraine (NBU), as of July 1, 2019, FUIB ranked eighth (UAH 59.858 billion) in terms of total assets among 76 banks operating in the country.

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ALFA-BANK SEES 70% RISE IN NET PROFIT

The net profit of Alfa-Bank (Kyiv) in January-September 2019 totaled UAH 1.487 billion, which is 69.2% more than a year ago (UAH 879.189 million), according to a quarterly financial statements of the bank.
According to the report posted on Alfa-Bank’s website, net profit in the third quarter of 2019 amounted to UAH 577.513 million, which is 19.2% more than in the third quarter of last year.
Alfa-Bank’s net interest income in January-September 2019 increased 12.2% compared to the corresponding period of 2018, to UAH 2.998 billion. Assets increased 8.4%, to UAH 65.589 billion, including loans issued to customers by 1.3%, to UAH 32.885 billion. Bank liabilities from the beginning of the year grew by 6.4%, to UAH 59.058 billion. Net worth for this period increased 29.6%, to UAH 6.531 billion. The charter capital remained at the level of UAH 12.180 billion.
At the same time, Ukrsotsbank’s net loss in January-September 2019 amounted to UAH 1.092 billion, which is 30.1% more than for the same period of 2018 (UAH 839.465 million), according to a quarterly report on the bank’s website. In the third quarter of 2019, it increased 33.3% compared to the corresponding period of 2018, to UAH 618.586 million.
Ukrsotsbank’s net interest income in January-September 2019 decreased 55.3% compared to the same period in 2018 and amounted to UAH 339.940 million. Assets decreased 31.8%, to UAH 10.690 billion, including loans issued to customers by 37.7%, to UAH 6.116 billion. Liabilities of Ukrsotsbank decreased 30.9%, to UAH 8.708 billion. Net worth decreased 35.5%, to UAH 1.982 billion. The charter capital in January-September 2019 remained at the level of UAH 16.673 billion.
As reported, the National Bank of Ukraine (NBU) in October 2019 revoked the banking license and removed Ukrsotsbank from the public register of banks in connection with the completion of reorganization of Ukrsotsbank through merger with Alfa-Bank.
According to the NBUB, as of July 1, 2019, Alfa-Bank was sixth (UAH 72.159 billion) in terms of total assets, Ukrsotsbank – 13th (UAH 33.129 billion) among 76 operating financial institutions

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TASCOMBANK POSTS 19.2% RISE IN NET PROFIT

The net profit of TAScombank in January-September 2019 amounted to UAH 327.462 million, which is 19.2% more than for the same period in 2018 (UAH 274.662 million), the bank reported in its quarterly statements.
According to the report posted on the bank’s website, its net profit for July-September 2019 amounted to UAH 204.185 million, which is 1.9 times more than in the third quarter of 2018.
Net interest income for the nine months increased by 28.1% compared to the corresponding period of 2018, to UAH 993.742 million.
The bank’s assets increased by 2.6%, to UAH 18.170 billion, in particular loans to customers by 0.5%, to UAH 12.468 billion.
The bank’s liabilities since the beginning of the year have grown by 0.8%, to UAH 15.714 billion.
The bank’s net worth for this period increased by 15.8%, to UAH 2.457 billion. Charter capital remained at the level of UAH 1.153 billion.
According to the NBU, as of January 1, 2019 the main owner of TAScombank is Sergiy Tigipko (99.93066% of the shares).
TAScombank ranked 17th among 76 operating banks as of July 1, 2019 in terms of total assets (UAH 19.062 billion), according to the National Bank of Ukraine.

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CREDIT AGRICOLE BANK POSTS 12.4% RISE IN NET PROFIT

The net profit of Credit Agricole Bank (Kyiv) in January-September 2019 amounted to UAH 1.332 billion, which is 12.4% more than for the same period in 2018 (UAH 1.185 billion), the bank reported in its quarterly statements.
According to the report posted on the bank’s website, net profit for the third quarter of 2019 amounted to UAH 507.335 million, which is 28.1% more than for the third quarter of last year.
Net interest income for the nine months of this year increased by 9.8% compared with the same period a year earlier, to UAH 1.787 billion.
The bank’s assets in January-September 2019 grew by 10%, to UAH 36.057 billion, in particular loans to customers by 22.4%, to UAH 26.549 billion.
Bank liabilities since the beginning of the year have grown by 9.5%, to UAH 31.316 billion.
The bank’s net worth in January-September 2019 increased by 12.8%, to UAH 4.741 billion. Charter capital remained at the level of UAH 1.223 billion.
Credit Agricole Bank was founded in 1993. Its sole shareholder is Credit Agricole S.A. (France).
Credit Agricole Bank ranked 12th among 76 banks operating in the country as of July 1, 2019 in terms of total assets (UAH 40.033 billion), according to the National Bank of Ukraine.

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STATE-OWNED OSCHADBANK’S NET PROFIT SOARS 2.6 TIMES

The net profit of state-owned Oschadbank (Kyiv) in January-September 2019 totaled UAH 189.017 million, which is a 2.6-fold rise from a year ago (UAH 72.938 million), according to quarterly financial statements of the bank.
According to the statements posted on the bank’s website, net profit in Q3 2019 amounted to UAH 64.106 million, which is 52.9% more than in Q3 2018.
Net interest income for in January-September 2019 increased 1.2% compared with the corresponding period of 2018, to UAH 4.185 billion.
In January-September 2019, the bank’s assets decreased 4.4%, to UAH 208.109 billion, including a decline of 3.5% in loans issued to customers, to UAH 65.146 billion.
Assets for this period increased 0.4%, to UAH 18.619 billion.
The charter capital for the period remained at the level of UAH 49.725 billion.
Oschadbank was founded in 1991. Its sole owner is the state.
According to the National Bank of Ukraine, as of July 1, 2019, Oschadbank ranked second (UAH 288.339 billion) among 76 banks operating in the country in terms of total assets.

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STATE-RUN ENERGOATOM DOUBLES NET PROFIT

National Nuclear Generating Company Energoatom in January-September 2019 doubled net profit year-over-year, to UAH 4.251 billion.
According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market, its net revenue grew by 10.4%, to UAH 34.774 billion, and gross profit – by 10.8%, to UAH 8.082 billion.
As reported, in January-September 2019, Energoatom reduced electricity production by 0.5% (323.1 million kWh) compared to the same period in 2018, to 60.729 billion kWh. Power plants of Energoatom during this period released 57.02 billion kWh to the market compared with 57.376 billion kWh a year earlier.
In 2018, Energoatom increased its net profit by 21.2% compared to 2017, to UAH 4.632 billion, net income by 14.5%, to UAH 44.055 billion.
Energoatom is the operator of all four operating nuclear power plants in Ukraine. It operates 15 power units equipped with water-cooled power reactors with a total installed electric capacity of 13.835 GW.

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