The net profit of Ukrsibbank (Kyiv) in January-September 2023 amounted to UAH 5.66 billion, which is 2.7 times higher than the same period in 2022, according to the bank’s unconsolidated report for the third quarter.
According to the report, the bank’s net profit for the third quarter amounted to UAH 2.10 billion, which is UAH 0.28 billion more than in the second quarter and UAH 0.72 billion more than in the comparable period of the previous year.
According to the report, Ukrsibbank’s net interest income increased by 60.1% year-on-year to UAH 9.07 billion in January-September 2023, including a 20.9% increase to UAH 3.15 billion in the third quarter, which is UAH 0.10 billion more than in the second quarter of this year.
Net fee and commission income for the first nine months of this year increased by 9.2% to UAH 1.23 billion compared to the results of 2022. However, in July-September, this figure was 7.2% lower than last year, but 7.4% higher than in the second quarter of this year – UAH 0.41 billion.
Overall, net income from operating activities increased by 2.6 times year-on-year, while impairment loss decreased from UAH 2.43 billion in the first nine months of 2022 to UAH 0.25 billion, including only UAH 0.01 billion in the third quarter.
According to the report, in the first nine months of 2023, the bank’s assets grew by 22.7%, reaching UAH 133.09 billion by September 30.
This growth is mainly due to a significant increase in investments in securities – from UAH 45.76 billion to UAH 70.34 billion, mandatory reserves and short-term placements with the NBU – from UAH 5.32 billion to UAH 12.52 billion.
At the same time, the amount of the financial institution’s funds on correspondent accounts, loans and overnight deposits with banks decreased from UAH 34.57 billion to UAH 33.33 billion, as well as cash from UAH 2.7 billion to UAH 2.03 billion.
As for loans and advances to customers, they declined significantly in January-September this year, by 34.7% to UAH 9.62 billion. On the contrary, loans and advances to banks increased by 5.5% to UAH 0.40 billion since December 2022.
The loan portfolio of legal entities decreased by 32.8% to UAH 9.27 billion (excluding allocations to provisions) compared to the same period in 2022, and that of individuals by 32%.
In the first nine months of 2023, Ukrsibbank’s customer accounts increased by 20.1% to UAH 112.50 billion, and equity increased from UAH 13.10 billion to UAH 18.77 billion.
According to the National Bank of Ukraine, as of September 1, 2023, Ukrsibbank ranks 7th in terms of total assets (UAH 73.97 billion) among 64 operating banks in the country. In the third quarter, its network of outlets decreased by 8 to 222 points.
UkrSibbank has been subjected to cyber attacks for several days, but successfully defends against them, according to the website of the financial institution.
“We are making every effort to quickly defeat the “attack” and restore full access to all our services. We apologize for the temporary inconvenience and thank you for your understanding”, – said UkrSibank.
The financial institution explained that to resist cyber attacks and protect customers, it constantly adapts protection systems and applies new mechanisms of counteraction, which may lead to short-term inaccessibility of Internet platforms: the bank website, UKRSIB online and UKRSIB business.
At the same time it’s underlined that bank’s clients can safely pay by its cards in trade network and withdraw money from ATMs in Ukraine as well as abroad.
“We are waiting for positive news. Hold the line!” – summed up the financial institution.
UkrSibbank by total assets (129.8 billion UAH) at the beginning of May ranked 6th among 65 operating banks in Ukraine.
The National Bank of Ukraine in its Financial Stability Report, published this week, with reference to the survey of banks, indicated that after a certain break at the beginning of the war, cyber risk returned to the top three systemic risks. According to the graph it presented, there were three attacks per month in April and May that caused temporary disruptions, compared to zero to two in January and March.
Net profit of UkrSibbank (Kyiv) in January-September 2021 amounted to UAH 990.1 million, which is 2.3% less than for the same period in 2020 (UAH 1.013 billion), according to a quarterly report posted on the bank’s website.
According to it, in the third quarter, UkrSibbank’s net profit amounted to UAH 518.4 million, which is 1.5 times more than in July-September 2020 (UAH 343 million).
The bank’s net interest income (after deductions on credit losses) for nine months increased by 4% compared to the same indicator a year earlier, to UAH 2.6 billion, the net fee and commission income – by 16.7%, to UAH 1.44 billion.
The bank’s assets in nine months increased by 4.2%, to UAH 75.3 billion, including funds in other financial institutions at amortized cost – by 10.6%, to UAH 26 billion, and customer funds – by 20.7%, to UAH 25.4 billion.
Liabilities of UkrSibbank in January-September increased by 3.2%, to UAH 66.15 billion. In particular, customer funds increased by 3.4%, to UAH 65.17 billion.
The bank’s equity capital for nine months increased by 12.1%, to UAH 9.16 billion, the charter capital remained at the level of UAH 5.069 billion.
UkrSibbank was founded in 1990. Its shareholders are BNP Paribas S.A (France), which owns 60% of the bank’s charter capital, and the European Bank for Reconstruction and Development – 40%.
According to the National Bank of Ukraine (NBU), as of September 1, 2021, in terms of total assets, UkrSibbank (UAH 72.836 billion) ranked eighth among 72 banks operating in Ukraine.
The net profit of UkrSibbank (Kyiv) in 2020 amounted to UAH 1.324 billion, which is two times less than in 2019 (UAH 2.615 billion).
According to a report on the bank’s website, net interest income for 2020 decreased by 1.3 times, to UAH 3.295 billion, while net commission income remained at UAH 1.7 billion.
By the end of 2020, the bank’s assets increased by 36%, to UAH 72.298 billion, including funds in other financial institutions – by 2.3 times, to UAH 23.5 billion, securities and investments – by 1.4 times, to UAH 18.3 billion, while loans to customers remained at the level of UAH 21 billion.
The bank’s liabilities last year increased by 1.4 times, to UAH 64.13 billion, including customer funds – by 1.4 times, to UAH 63 billion.
The bank’s equity capital in 2020 increased by 19.1%, to UAH 8.17 billion.
The charter capital remained at the level of UAH 5.07 billion.
UkrSibbank was founded in 1990. Its shareholders are BNP Paribas S.A (France), which owns 60% of the bank’s charter capital, and the European Bank for Reconstruction and Development with 40%.
According to the NBU, as of March 1, 2021, in terms of total assets (UAH 70.322 billion), UkrSibbank ranked eighth among 73 operating banks in Ukraine.
The net profit of UkrSibbank (Kyiv) amounted to UAH 1.013 billion in January-September 2020, which is half of the same period in 2019 (UAH 2.062 billion), according to the bank’s quarterly reports posted on the bank’s website.
According to it, in the third quarter UkrSibbank’s net profit amounted to UAH 343.03 million, which is 44.5% less than in July-September 2019 (UAH 612.84 million).
The bank’s net interest income (after deductions on credit losses) decreased by 14.2% to UAH 4.15 billion in the nine months compared to the same indicator a year earlier, the net operating income decreased by 44.5% to UAH 1.24 billion.
The bank’s assets increased by 26.2% to UAH 67.13 billion in the nine months, including funds in other financial institutions at amortized cost by about 56.5% to UAH 22.83 billion.
Liabilities of UkrSibbank increased by 27.9% up to UAH 59.25 billion in January-September. In particular, customer funds increased by 28.2% to UAH 58.1 billion.
The bank’s equity capital increased by 14.8% to UAH 7.86 billion in the nine months and the charter capital remained at the level of UAH 5.069 billion.
UkrSibbank was founded in 1990. Its shareholders are BNP Paribas S.A (France), which owns 60% of the bank’s charter capital, and the European Bank for Reconstruction and Development with 40%.
According to the NBU, as of September 1, 2020, UkrSibbank ranked eighth among 75 operating banks in Ukraine in terms of total assets (UAH 67.146 billion).
The net profit of UkrSibbank (Kyiv) at the end of 2019 amounted to UAH 2.58 billion, which is 3% less than in 2018 (UAH 2.66 billion), according to the annual report of the financial institution. According to the bank, its net profit in the fourth quarter of 2019 decreased by 33% compared to the same indicator in 2018 and amounted to UAH 507.42 million.
UkrSibbank’s net interest income for 2019 compared to 2018 increased by 8.4%, to UAH 4.21 billion, while the expenses on creating reserves for expected credit losses amounted to UAH 153.29 million, whereas in 2018 the bank, on the contrary, received an additional UAH 121.28 million.
Bank assets over the past year increased by 2%, to UAH 53.20 billion, in particular, loans and customer debt decreased by 18.2%, to UAH 21.37 billion, and the volume of securities and investments in associates and subsidiaries increased 5.3 times, to UAH 13.33 billion.
The liabilities of UkrSibbank for the indicated period increased by 2.5%, to UAH 46.42 billion, including the amount of customer funds in the bank that grew by 10.5%, to UAH 45.42 billion.
The equity capital of UkrSibbank for 2019 increased by UAH 53.58 million, to UAH 6.78 billion, and the size of its charter capital remained unchanged being UAH 5.07 billion.
UkrSibbank was founded in 1990. At the beginning of the year, its shareholders were BNP Paribas S.A (France), which owns 60% of the bank’s charter capital and the European Bank for Reconstruction and Development with 40%.
According to the NBU, as of January 1, 2020, UkrSibbank ranked ninth in terms of total assets among 75 operating banks in Ukraine.
