Pivdenny Bank tripled net profit in the third quarter

05.11.2018

Pivdenny Bank's net profit for 9 months of 2018 amounted to UAH 186.1 million, which is more than three times higher than the same period previous year.

As of October 1, 2018, the bank retained 12th place in the system in terms of assets. Over the past 12 months, the bank's assets grew by 13.9% and amounted to UAH 25.0 billion. At the same time, growth in the banking system as a whole amounted to 6.2%.

Since the beginning of 2018, the amount of attracted funds of individuals has increased by 14.6% and reached UAH 9.0 billion. Thanks to such indicators, Pivdenny Bank holds the 10th place in terms of the volume of funds of individuals in the whole system.

Pivdenny Bank is among the leaders in terms of loan portfolio quality. As of October 1 of this year, the share of overdue loans of the bank amounted to only 3.3%. In general, in the banking system, this figure is more than 40%.

According to the results of three quarters of 2018, Pivdenny Bank has a sufficient level of capitalization. As of October 1, 2018, the bank's regulatory capital adequacy ratio was at the level of 11.0% (with the normative value of 10%).

You can familiarize yourself with the full version of Pivdenny Bank reporting here.

Reference

Pivdenny Bank is a universal Ukrainian bank, founded in 1993, with its head office in Odessa. The Bank offers a wide range of services for business customers and individuals throughout Ukraine thanks to a regional network which at the end of December 2018 consisted of 95 branches in 18 regions of Ukraine.