Business news from Ukraine

CREDIT AGRICOLE BANK SEES NET PROFIT RISE BY 18% IN UKRAINE 2019

The net profit of Credit Agricole Bank (Kyiv) in 2019 amounted to UAH 1.73 billion, which is 18%, or UAH 267 million more than in 2018, the bank’s website reports.
At the same time, the bank’s net profit for the fourth quarter of 2019 amounted to UAH 398 million, which is 43% more than the same indicator a year earlier (UAH 278 million).
The bank’s net interest income for 2019 increased by 7% and amounted to UAH 2.48 billion.
In 2019, the bank’s assets increased by 8%, to UAH 35.3 billion, in particular loans and customers’ debts by 5%, to UAH 25.06 billion, as well as investments and securities by 46%, UAH to 1.46 billion.
The bank’s liabilities since the beginning of the year have grown by 5%, to UAH 30.15 billion, while subordinated debt decreased by 36%, to UAH 679 million.
The bank’s net worth in 2019 rose by 23% and amounted to UAH 5.16 billion.
Credit Agricole Bank was founded in 1993. Its sole shareholder is Credit Agricole S.A. (France).
Credit Agricole Bank ranked 11th among 76 banks operating in the country as of October 1, 2019 in terms of total assets (UAH 38.111 billion), according to the National Bank of Ukraine.

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CREDIT AGRICOLE BANK POSTS 12.4% RISE IN NET PROFIT

The net profit of Credit Agricole Bank (Kyiv) in January-September 2019 amounted to UAH 1.332 billion, which is 12.4% more than for the same period in 2018 (UAH 1.185 billion), the bank reported in its quarterly statements.
According to the report posted on the bank’s website, net profit for the third quarter of 2019 amounted to UAH 507.335 million, which is 28.1% more than for the third quarter of last year.
Net interest income for the nine months of this year increased by 9.8% compared with the same period a year earlier, to UAH 1.787 billion.
The bank’s assets in January-September 2019 grew by 10%, to UAH 36.057 billion, in particular loans to customers by 22.4%, to UAH 26.549 billion.
Bank liabilities since the beginning of the year have grown by 9.5%, to UAH 31.316 billion.
The bank’s net worth in January-September 2019 increased by 12.8%, to UAH 4.741 billion. Charter capital remained at the level of UAH 1.223 billion.
Credit Agricole Bank was founded in 1993. Its sole shareholder is Credit Agricole S.A. (France).
Credit Agricole Bank ranked 12th among 76 banks operating in the country as of July 1, 2019 in terms of total assets (UAH 40.033 billion), according to the National Bank of Ukraine.

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CREDIT AGRICOLE BANK SEES 4.5% IN NET PROFIT IN H1

The net profit of Credit Agricole Bank (Kyiv) in January-June 2019 amounted to UAH 824.944 million, which is 4.5% more than in the same period of 2018, according to a quarterly report of the bank.
According to the report, posted on the website of the financial institution, a net interest income in the first half of this year increased by 12.6% compared with the corresponding period of 2018, to UAH 1.198 billion.
The bank’s assets grew by 15%, to UAH 37.707 billion, in particular loans to customers by 13.8%, to UAH 24.689 billion.
The liabilities of the bank since the beginning of the current year have increased by 17.2%, to UAH 33.498 billion, net worth by 0.2%, to UAH 4.209 billion.
Charter capital in the first half remained at the level of UAH 1.223 billion.
Credit Agricole Bank was founded in 1993. Its only shareholder is Credit Agricole S.A. (France).

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CREDIT AGRICOLE BANK DECIDES TO PAY DIVIDENDS IN UKRAINE

Credit Agricole Bank (Kyiv) has decided to pay UAH 428.025 million of dividends ($16.36 under the exchange rate of the National Bank of Ukraine (NBU) as of the date when the decision was made), including UAH 700 for privileged shares.
The bank reported in the information disclosure system of the National Commission for Securities and the Stock Market, the decision was approved at a general meeting of the bank’s shareholders held on June 7.
UAH 0.35 will be paid per ordinary and privileged share.
The list of holders of privileged shares was made on January 31, 2018 and that for ordinary shareholders the list will be approved on June 22, 2018.
Payment of dividends for privileged shares started on June 8 and for ordinary shares it will start on June 23, 2018, but no earlier than the full payment to the holders of privileged shares.
Credit Agricole Bank was founded in 1993. Credit Agricole S.A. on January 1, 2018 owned a 99.9961% stake in PJSC Credit Agricole Bank.

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