Business news from Ukraine

Business news from Ukraine

UKRSIBBANK CUTS PROFIT IN 2020

30 April , 2021  

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.

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