The net loss of Bank Credit Dnepr (Kyiv) for January-March 2018 amounted to UAH 116.924 million, which is twice as much as in the same period of 2017.
According to the financial report posted on the bank’s website, its net interest income decreased by 36.9%, to UAH 40.23 million, net commission income by 30%, to UAH 29.873 million. Other non-interest loss amounted to UAH 24.105 million against UAH 30.15 million of other non-interest income in January-March 2017.
Operating expenses increased by 4%, to UAH 127.942 million.
The bank’s assets for the three months decreased by 9.36%, to UAH 8.417 billion. The loan portfolio was almost unchanged and by the end of March stood at UAH 4.116 billion.
In liabilities, the deposit portfolio decreased by 8.13%, to UAH 7.658 billion
Bank Credit Dnepr was founded in 1993. Its only owner is Victor Pinchuk.
The bank ranked 21st among 84 operating banks in the country as of January 1, 2018 in terms of total assets (UAH 9.411 billion), according to the National Bank of Ukraine.
The share of bad loans in the banking system of Ukraine as of March 1, 2018 was 56.2%, which is 0.4 percentage points less than a month earlier, according to data posted on the website of the National Bank of Ukraine (NBU). The total volume of the loan portfolio for February decreased by 1.4%, to UAH 1.113 trillion. According to the National Bank, part of non-performing loans in state-owned banks decreased by 0.08 p.p. for the month, to 72.14%.
At the same time, the NBU specifies that, excluding PrivatBank, at which the share of problem loans decreased by 0.35 percentage points, to 86.67%, the share of non-performing loans at state-owned banks declined by 0.14%, to 58.84%.
The ratio of non-performing loans to the credit portfolio of foreign banking groups in February decreased by 0.77 percentage points, to 43.92%, banks with private capital by 1.04 percentage points, to 24.83%, insolvent banks increased by 1.61 percentage points, to 44.38%.
The share of distressed assets of the banking system, taking into account off-balance sheet liabilities, as of March 1, 2018 was 29.44%, which is 0.51 percentage points less than a month earlier.
At the same time, the total volume of such assets in February was down by 0.7%, to UAH 2.215 trillion.