Pivdenny Bank tripled its net profit in the first half of the year

22.08.2018

Pivdenny Bank completed the first half of 2018 with a net profit of UAH 117.3 million, which is three times higher than in the same period from previous year.

The positive dynamics of the bank's financial indicators is due to an increase in net interest and net fee and commission income. So, Pivdenny Bank's net interest income in January-June 2018 amounted to UAH 610.3 million, which is 32.4% more compared to the first half of previous year. The bank's net fee and commission income for this period also increased – up to UAH 267.5 million (an increase of 18% compared to the same period in 2017).

In the first six months of this year, the amount of attracted funds of individuals in all currencies increased by 5.4%, which overall exceeded the growth in the banking system, which amounted to 3.2%. This, in turn, allowed Pivdenny Bank to rise to 10th place in terms of the amount of funds of individuals in the whole system.

At the same time, as of July 1, 2018, Pivdenny Bank moved in the rating of banks by assets from 13th to 12th position. According to the results of the first half of the year, the volume of the loan portfolio of legal entities in UAH increased by 26% – up to UAH 7.7 billion; the loan portfolio of individuals increased by 12.2% and amounted to UAH 191 million.

Pivdenny Bank has a sufficient level of capital and meets all liquidity indicators.

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 corporate clients and individuals throughout Ukraine thanks to a regional network, which at the end of June 2018 totaled 93 branches in 19 regions of Ukraine.