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Most profitable banks in Aug become PrivatBank and Oschadbank, as well as UkrSibbank and Citibank
KYIV. Oct 10 (Interfax-Ukraine) – In August, the state-owned PrivatBank and Oschadbank topped the list of 43 profitable banks with a net profit of UAH 3.21 billion and UAH 2.85 billion, respectively.
According to the data published by the National Bank of Ukraine on its website, they worked with a profit despite the formation of an additional UAH 7.71 billion and UAH 620 million in reserves, respectively.
The main reason for such a significant profit of both state-owned banks was the result from operations with financial assets and liabilities obtained in August – UAH 7.49 billion and UAH 2.95 billion, respectively.
In addition, in August, PrivatBank showed an increase in total assets by UAH 14.95 billion, and Oschadbank – by UAH 8.22 billion, while the assets of the state-owned Ukreximbank immediately decreased by UAH 31.23 billion, which is probably due to the government’s receiving through it part of external financing and its spending.
Among other leaders in terms of profit in August were UkrSibbank – UAH 625 million, Citibank – UAH 444.4 million, Raiffeisen Bank – UAH 267.7 million, Universal Bank (monobank) – UAH 210.7 million, Ukrgasbank – UAH 143 million and OTP Bank – UAH 131.4 million.
Alfa-Bank and the state-owned Ukreximbank showed the largest losses in August – UAH 1.357 billion and UAH 1.103 billion, respectively. During the month, these banks formed additional reserves of UAH 1.674 billion and UAH 776 million, respectively. In addition, Alfa-Bank lost another UAH 1.51 billion of total assets in August.
Bank Credit Dnipro – UAH 181.8 million, Idea Bank – UAH 110.7 million, Globus Bank and Kredobank – UAH 87 million and UAH 86 million, respectively, were also unprofitable.
According to the results of the eight months of this year, PrivatBank remains the most profitable – UAH 14.15 billion, Oschadbank took the second place due to the August result – UAH 2.34 billion.
Next come three banks with foreign capital: Raiffeisen Bank – UAH 1.87 billion, UkrSibbank – UAH 1.7 billion and Citibank – UAH 1.12 billion, followed by two private Ukrainian banks: Universal Bank – UAH 650 million and Bank Pivdenny – UAH 340 million.
