Economy 2021-07-15T07:28:43+03:00
Ukrainian news
International Investment Bank Ups Profit 2.5 Times To UAH 78.4 Million In 9M

International Investment Bank Ups Profit 2.5 Times To UAH 78.4 Million In 9M

President, bank, Petro Poroshenko, International Investment Bank, Ihor Kononenko

In the first nine months of 2017, Kyiv-based International Investment Bank increased net profit 2.5 times to UAH 78.364 million over the same period of 2016 (UAH 31.4 million).

Ukrainian News Agency leaned this from a financial report of the bank.

The bank reported profit of UAH 26.8 million for January-March, UAH 26.1 million for April-June, and UAH 25.5 million for July-September.

Net interest income of the bank for the mentioned period amounted to UAH 123 million, net commission - UAH 66 million.

The bank's assets in 2017 increased by 1.3% to UAH 6.9 billion, the loan portfolio decreased by 11.5% to UAH 1.9 billion, and liabilities by 1.4% to UAH 6.3 billion.

The bank earned profit of UAH 42.6 million for 2016.

As Ukrainian News Agency earlier reported, President Petro Poroshenko indirectly owns the 60-percent stake in the bank.

Another large stockholder of the bank is First Deputy Chairperson of the Petro Poroshenko Bloc faction at the Verkhovna Rada Ihor Kononenko, who owns 14.9-percent stake in the financial institution.

According to the data of the central bank of Ukraine, as at July 1, the bank occupied the 23d position in terms of the size of its assets (UAH 7.3 billion) among 88 operating Ukrainian banks.

Bank's performance:

Indicators, UAH million

January 01, 2017

October 01, 2017

Change, %

Assets

6,887.1

6,978.9

1.3

Credits to clients

2,120.3

1,875.8

-11.5

Clients' funds

6,359.8

6,269.3

-1.4

Total capital

209.5

286.5

36.8


News

ok