The net profit of Raiffeisen Bank Aval (Kyiv) in January-June 2018 totaled UAH 2.72 billion, which is 0.5% more than a year ago (UAH 2.738 billion).
According to a financial report on the bank’s website, net profit in Q2 2018 accounted for UAH 1.371 billion, which is 6.4% more than in Q2 2017.
Net interest-bearing income in H1 2018 grew by 24.3%, to UAH 3.404 billion.
The loan profit of the bank fell by 48.2%, to UAH 510.006 million, and non-interest income – by 15.3%, to UAH 233.123 million.
Non-interest expenses grew by 12.7%, to UAH 1.927 billion.
The bank’s assets rose by 3.2% in H1 2018, reaching UAH 68.411 billion, including loans issued to clients rose by 12.3%, to UAH 41.393 billion.
The charter capital decreased 0.02%, to UAH 6.153 billion and net worth – by 14.9%, to UAH 9.285 billion.
Raiffeisen Bank Aval was founded in 1992. According to its data, as of January 1, 2018 Raiffeisen Bank International owned 68.28% of the charter capital of the financial institution, the European Bank for Reconstruction and Development (EBRD) some 30%.
Raiffeisen Bank Aval ranked fifth among 84 operating banks in terms of assets as of June 1, 2018 (UAH 69.317 billion), according to the National Bank of Ukraine.
