Business news from Ukraine

NET PROFIT OF ING BANK IN UKRAINE UP BY 71%

2 August , 2019  

The net profit of ING Bank Ukraine in January-June 2019 amounted to UAH 366.478 million, which is 71.3% more than in the same period in 2018 (UAH 213.894 million), the bank reported in a statement published on its website.
Net interest income of the bank for the first six months of this year increased by 13.6% compared with the corresponding period last year, to UAH 526.102 million.
Its assets since the beginning of the year decreased by 2.4%, to UAH 10.684 billion, loans to customers by 24.8%, to UAH 6.418 billion.
The bank’s liabilities from the beginning of this year have decreased by 1.8%, to UAH 6.742 billion.
Charter capital in the first half of the year remained at the level of UAH 731.298 million, while net worth was down by 3.5%, to UAH 3.942 billion.
ING Bank Ukraine was founded in 1997. By January 1, 2019, its sole shareholder was ING Bank N.V.
ING Bank Ukraine ranked 21st among 77 operating Ukrainian banks as of April 1, 2019 in terms of net assets (UAH 11.347 billion), according to the NBU.

,