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Net profit of Universal Bank increases 6-fold in Jan-Sept
KYIV. Nov 9 (Interfax-Ukraine) – Net profit of JSC Universal Bank (Kyiv) in January-September 2021 amounted to UAH 2.462 billion, which is six times more than in the same period in 2020 (UAH 409.226 million), according to the bank’s statement.
According to it, in the third quarter, bank’s net profit amounted to UAH 811.9 million, which is 6.7 times more than in July-September 2020 (UAH 120.6 million).
Net interest income for nine months increased by more than 2.2 times compared to the same indicator a year earlier, to UAH 3.609 billion, and net fee and commission income – by 1.7 times, to UAH 2.04 billion.
The assets of Universal Bank over nine months increased 1.4 times, UAH 47.98 billion, including customer loans – also 1.4 times, to UAH 23.53 billion.
The bank’s liabilities in January-September increased by 33.6%, to UAH 41.83 billion, in particular, customer funds – by 26.5%, to UAH 34.64 billion.
The bank’s equity capital grew 2.3 times over the nine months, to UAH 6.155 billion, the charter capital remained the same – UAH 3.703 billion.
Universal Bank is part of TAS Group of businessman Sergiy Tigipko, which was founded in 1998 and has assets in financial and industrial sectors, agriculture, real estate, pharmaceuticals and venture projects. In addition to Universal Bank, the financial sector of the group includes TAScombank, two insurance companies, and a number of other organizations.
According to the National Bank of Ukraine, as of September 1, 2021, in terms of total assets, Universal Bank (UAH 49.029 billion) ranked 12th among 72 banks operating in the country.
