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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