Pivdenny Bank successfully passed the NBU's stability assessment in 2021

Pivdenny Bank has passed the stability assessment of the National Bank of Ukraine, fulfilled all the requirements of the regulator based on the results of the assessment and does not require additional capital increase.

According to the baseline scenario, in which the exchange rate was set at UAH 29.1 per USD. USA, the bank "Pivdenny" had a sufficient level of capital ratios.

Under the unfavorable scenario, which used the rate of 38.1 UAH per dollar. US, as well as a number of stressful assumptions, the NBU estimated the required level of regulatory capital adequacy ratio (H2) and fixed capital adequacy ratio (H3) at 15.8% and 14.3%, respectively. At the same time, taking into account the actual measures taken by the bank as of 01.09.2021, the required level of standards H2 and H3 was reduced to 11.0% and 9.5%, respectively, which is much lower than the actual values.

To ensure compliance with the required level of capital ratios, the bank has developed a capitalization / restructuring program, which was approved by the National Bank on November 10, 2021.

Maintaining capital adequacy is one of Pivdenny's key priorities. Thanks to effective work on improving the quality of assets, significant growth in profitability, optimization of capital management processes and reliable risk control, the bank is consistently increasing capitalization. Thus, as of the end of December 30, 2021, the amount of regulatory capital of the bank reached UAH 3,689 million, which exceeds the indicators of the beginning of the year by UAH 682 million, or 23%, and the value of H2 for the period increased from 14.9% to 17.3% (at the required level of 10%).

Pivdenny Bank is showing a steady trend of increasing profitability and has reliable support from shareholders. According to the results of 11 months of 2021, the bank's net profit is UAH 587 million, which is more than twice the result for the previous year. In April 2021, the shareholders directed UAH 222 million of the profits of previous years to increase the authorized capital of the bank.