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.
