Ukrainian banks profit down 13.5% y/y to UAH 2.5bn (USD 313mn) in Jan-Aug.

By bne IntelliNews September 22, 2013

The banking system generated a net profit of UAH 2.502bn (USD 313mn) in Jan-Aug, a decline of 13.5% y/y, reads a statement made by the National Bank of Ukraine (NBU). Thus, in August, banks posted net profit of UAH 638mn.

Banks' revenues were UAH 106.832bn in Jan-Aug, up by 8.7% y/y, expenses - UAH 104.33bn, up by 9.4% y/y. This includes UAH 83.96bn of the banks' income yield for the eight months, UAH 15.87bn of fee revenues, and UAH 2.85bn of other operating revenues. The banks' interest costs for the mentioned period were UAH 52.28bn, commission expenses - UAH 2.63bn, other operating expenses - UAH 6.14bn, general administrative expenses - UAH 25.68bn, and provision for reserves - UAH 16.51bn.

The foreign capital share went down by 0.2pps to 33.8% in the Ukrainian banking system in August. The total registered share capital of Ukrainian banks amounted to UAH 179.31bn as of September 1, 2013 (UAH 175.20bn as of January 1). Net assets of Ukrainian banks made up UAH 1.2tn as of September 1.

As of September 1, there had been 51 foreign-capital financial institutions of 178 operating in Ukraine (53 foreign-capital banks of 176 operating in Ukraine as of January 1), including 21 banks with 100% foreign capital (22 as of January 1).

Related Articles

Siemens fumes as worst suspicions on Crimea turbines confirmed

German technology major Siemens said on July 21 it has "credible evidence" that all four gas turbines supplied for a power plant in the south of Russia were locally modified and illegally supplied ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Ukraine injects another €760mn into nationalised PrivatBank

The Ukrainian authorities have issued domestic government bonds in the amount of UAH22.5bn (€759mn) in exchange for the bank’s shares as part of the additional capitalisation of nationalised ... more