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Economy 2019-09-15T04:22:15+03:00
Ukrainian news
PrivatBank's Profit Makes UAH 5.2 Billion In 2M

PrivatBank's Profit Makes UAH 5.2 Billion In 2M

In the first two months of 2019, PrivatBank's net profit made UAH 5.2 billion, up UAH 4 billion year over year.

The financial institution has said this in a statement, Ukrainian News Agency reports.

The profit was possible thanks to consistent increase of the loan portfolio by UAH 14 billion.

The loan portfolio growth through retail loans (+UAH 8.6 billion), financing of small enterprises (+UAH 1.5 billion) ensured the increase in interest income of the company to UAH 5.5 billion (+UAH 1.1 billion).

As Ukrainian News Agency earlier reported, PrivatBank has reported the net profit of UAH 11.67 billion for 2018.

The 100-percent stake in PrivatBank belongs to the state represented by the Ministry of Finance of Ukraine.

The strategy for state-owned banks' management provides for sale of PrivatBank within five years.

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