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UkrSibbank plans to send entire UAH 1.45 bln of net profit for 2021 to reserves
KYIV. Aug 17 (Interfax-Ukraine) – The supervisory board of UkrSibbank proposes to allocate 95% of net profit for 2021, or UAH 1.382 billion, to the bank’s general reserves, and the remaining 5%, or UAH 72.72 million, to its reserve fund.
The relevant issue was submitted to the remote meeting of shareholders of the financial institution, scheduled for September 6, according to information on the bank’s website.
In addition to the standard questions on the approval of financial statements and management reports, it is also proposed to approve the new edition of the bank’s corporate governance principles, as well as the regulations on the remuneration of supervisory board members.
The bank recalls that last year it managed to increase its net profit by 10.8% – up to UAH 1.454 billion, as a result of which retained earnings reached UAH 3.665 billion, and equity capital – UAH 9.545 billion.
The shareholders of UkrSibbank are BNP Paribas (France) with 60% and the European Bank for Reconstruction and Development (EBRD).
According to the National Bank of Ukraine, as of July 1, 2022, in terms of total assets (UAH 91.48 billion) UkrSibbank ranked eighth among 68 operating banks in Ukraine, and its net profit for the first half of the year amounted to UAH 724.1 million.
