Pivdenny Bank achieves record-breaking net profit

In the first half of 2021, Pivdenny Joint-Stock Bank earned its best ever maximum net profit volume – UAH 317 million.

This is 2.8 times higher than in the same period last year and 15.7 % higher than the result for 2020.

This higher profit growth compared to the first half of 2020 is due to:

1. The 38.6 % increase in net interest thanks to volume growth and yield enhancement of assets.
2. The 59.3 % increase in net commission income due to transaction business development as well as the bank’s documentary and foreign exchange market strength.
3. Rapid growth in incomes against the background of a restrained increase in operating expenses, which rose by only 8.5 %.

As of the first half of 2021, Pivdenny Bank ranks 3rd among banks with private Ukrainian capital in terms of assets, 2nd in terms of corporate loan portfolio and funds and 2nd in terms of documentary transactions in the national currency. Moody’s International Rating Agency confirmed the b3 stability and reliability rating of Pivdenny Bank, which is currently the maximum value possible for an independent rating in Ukraine.