PrivatBank sees 2.5 times fall in profit in 2014


PrivatBank (Dnipropetrovsk), which is the largest bank in Ukraine, saw profit of UAH 749.036 million in 2014, which is 2.5 times down on 2013 (UAH 1.873 billion), reads a quarterly report from the bank.

According to the report, in Q4, 2014 its profit came to UAH 322.08 million.

Net interest-bearing income in 2014 amounted to UAH 10.348 billion (UAH 2.657 billion in Q4, 2014), which is 22.5% up on 2013 (UAH 8.444 billion).

Total assets grew by 9.8%, to UAH 113.682 billion, including a rise of 25.7% in loans and client debts, to UAH 64.8 billion.

Reserves for overdue credits grew by 18%, to UAH 15.027 billion or 23.2% of the sum of loan and client debts (24.7% as of early 2014).

The bank’s charter capital rose by 10.7%, to UAH 18.101 billion, and net worth was up by 11.7%, to UAH 22.696 billion.

The bank said that as of early 2015, its largest shareholders were Hennadiy Boholiubov and Ihor Kolomoisky (36.998% each) and Triantal Investments Ltd (16.23%).

The bank was established in 1992.

As of October 2014, in terms of assets the bank was the largest (UAH 201.9 billion) among the 166 banks operating in Ukraine.

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