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.
