Pivdenny Bank presents its annual report for 2018


Pivdenny Bank presents annual report prepared in accordance with best international practices. It describes in detail the business model and the new development strategy of the bank, the main achievements and key performance indicators from the previous year.

Pivdenny Bank is slowly and surely increasing its share in the financial market. Over the past 5 years, the bank has more than doubled its market presence: the share of net assets increased from 0.89% in 2013 to 1.82% at the end of 2018. Thanks to this, the bank climbed one notch in net assets and became the 12th largest bank by this indicator.

A 2018 year was one of the most successful in the history of the bank. One of the biggest achievements is a five-fold (compared to 2017) increase in net profit  up to UAH 274 million. In 2018, Pivdenny Bank did a great job in improving efficiency, defined a strategy and priority areas for development, radically changed its visual style, and also introduced a new standard for the design of branches. The priorities for the bank in 2018 were: improving the quality of assets, increasing customer deposits and increasing the loan portfolio in national currency.

Another important achievement of the previous year – Pivdenny Bank as of December 31, 2018, in all indicators of capitalization and liquidity, significantly exceeded the regulatory requirements. Thus, the bank's capital adequacy ratio (H2) was 12.14% (with a target value of 10%). Pivdenny was fully compliant with the new LCR ratio introduced last year by the National Bank of Ukraine. Pivdenny's LCR was 112% for all currencies (with a standard of 80%) and at 129% in a foreign currency (with a standard of 50%).

Independent rating agencies confirm the stability and reliability of the bank. In October 2018, Credit Rating Agency upgraded Pivdenny Bank's long-term credit rating to uaAA. At the end of last year, Moody's also upgraded the bank’s long-term rating to Caa1 (deposits in national currency) and the bank’s risk assessment to B3. This is the highest possible indicator for a Ukrainian bank with the existing sovereign rating of the country.
In 2018, the formation of three verticals by business segments was completed - retail, small & medium and corporate. And thanks to the transformation of the bank, a new development strategy was formed, which is built around the client and his needs.

You can learn more about the results of Pivdenny Bank in 2018, its plans for the future and development strategies from the short version of the report.

The full version of the report is available on the bank's website at the link.


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 clients and individuals throughout Ukraine through a regional network, which by the end of December 2018 consisted of 95 branches in 18 regions of Ukraine. According to the results of 2018, the net profit of Pivdenny Bank amounted to UAH 274 million, which is over five times higher than last year.