Pivdenny Bank successfully passed the NBU's sustainability assessment in 2013

The National Bank of Ukraine has approved the results of the bank's sustainability assessment for 2023. Even under a stress scenario, Pivdenny Bank maintains a robust capital level, exceeding the required regulatory threshold.

The sustainability assessment for 2023 covered a three-year horizon, considering the baseline scenario with an assumed exchange rate of UAH 42.3 per USD. Following the assessment, the bank's regulatory (H2*) and core (H3*) capital were found to be in compliance with the standards set by the National Bank of Ukraine.

Capital adequacy remains a key focus for Pivdenny, and the bank has consistently strengthened its capitalization. This is attributed to effective measures to enhance asset quality, substantial growth in profitability, optimization of capital management processes, and robust risk control. As of December 1, 2023, the bank's regulatory capital stood at UAH 5,078 million, reflecting an 11% year-on-year increase, with the H2 ratio reaching 22.4% (against a required level of 10%). Pivdenny Bank has demonstrated a consistent trend of profitability growth, with net profit for the first 11 months of 2023 totaling UAH 1.5 billion, more than three times higher than the previous year. In a strategic move to support the bank's future development, shareholders decided on December 20, 2023, to allocate UAH 500 million from previous years' profits to increase the bank's core capital.

* H2 – regulatory capital adequacy ratio; N3 – core capital adequacy ratio.