“Lending remains a core product for banks”, – Maxim Tsymbal, Deputy Chairman of the Board of Pivdenny Bank


Over the past eight months of 2018, interest income from loans was the main source of income for the banking system and amounted to UAH 62.5 billion. This was stated by the Deputy Chairman of the Board Maxim Tsymbal during the case-study session “Corporate Financing in Ukraine” at the XVII annual Ukrainian Chief Financial Officers Forum.

“Nowadays, the cost of resources on the market is determined by the discount rate, and its change has the largest and instantaneous effect on the cost of overnight loans, short-term business loans and legal entities deposits in UAH. We have observed such a close relationship between the discount rate and key market indicators since the beginning of 2016, when the National Bank changed the monetary policy operational design and thus strengthened the transmission mechanism operation”, – said Maxim Tsymbal.

During his speech with the topic “Destroying Myths. How to use the possibilities of cooperation with the bank to the full?” Maxim Tsymbal spoke about the factors affecting the cost of a loan and interest rate, as well as how Pivdenny Bank increases return on invested capital:
“In addition to lending, the source of income for banks is interest income from investments in securities (government bonds and NBU certificates of deposit), commission income and forex transactions. To increase the return on invested capital and the opportunity to offer customers more favorable credit conditions, we are implementing an effective cross-selling policy, which provides for the sale of additional products and services to our customers when lending”.

The Ukrainian CFO Forum was held on 18-19 October in Kyiv and was dedicated to the country’s economic development issues, consideration of macroeconomic scenarios for Ukraine for the nearest future, managing modern business trends, the possibility of introducing modern innovative technologies.

Bank representatives also held an interactive session with forum participants on the topic “Actual business issues on the currency market instruments, financial monitoring innovations and compliance control”. The Ukrainian CFO Forum is one of the main financial events that is held annually and gathers the heads of large foreign and domestic companies, which discusses traditional tools for improving internal processes related to the financial function, as well as the introduction of modern innovative technologies and strategic issues solutions.