The profit of the state-owned Ukrgasbank in January-July 223 amounted to UAH 2.9 billion, while the bank ended the same period in 2022 with a net loss of UAH 3.5 billion, according to the financial institution’s website.
According to the release, the bank’s assets as of August 1, 2023, reached UAH 158.6 billion, having increased by UAH 26.4 billion since the beginning of the year (excluding the impact of exchange rate differences).
The bank notes that the total portfolio of customer accounts has increased by UAH 23.5 billion since the beginning of the year to UAH 136.1 billion, including UAH balances increased by UAH 17.9 billion.
The financial institution clarifies that the hryvnia deposit portfolio of customers has almost doubled since the beginning of the year, or by UAH 3 billion to UAH 9.1 billion.
This, in particular, made it possible to increase the portfolio of three-month deposit certificates to more than UAH 11.4 billion.
In addition, Ukrgasbank increased its portfolio of domestic government bonds by almost two-thirds over 7 months – by UAH 14.2 billion to UAH 36.3 billion.
At the same time, the volume of lending was lower: since the beginning of the year, almost UAH 5 billion has been provided, of which UAH 2.8 billion was used to finance the needs of agricultural and food industry enterprises, and another UAH 1.6 billion was attracted in the electricity and trade sectors.
“To support trade, exports and imports, Ukrgasbank, which is a leader in Ukrainian trade finance, has implemented 400 transactions for Ukrainian enterprises worth over UAH 6 billion,” the financial institution added.
According to the National Bank of Ukraine, as of July 1, 2023, Ukrgasbank ranked 5th in terms of total assets (UAH 167.97 billion) among 65 banks operating in the country, its net profit for the first half of the year amounted to UAH 2.6 billion.
In the second quarter, the state-owned bank’s network grew by two branches and now includes 219 structural units across the country.
