08.06.2021

In Q1 2021, UKRSIBBANK has posted NPAT (net profit before tax) of UAH 320 M

Resilience and adaptability of the bank despite the Covid pandemic’s impact

Net Banking Income reached

UAH 1,2 Bn in Q1 2021
(-18% vs Q1 2020), negatively impacted by the interest rates cuts over last year (-48% Y/Y), from 13,5% early 2020 to 6,5% at the end of the Q1 2021, partially compensated by the increase of business activity. Good dynamic on fees compared to last year thanks to the cards transactions.

The operational expenses reached

-875 M
UAH (-3% vs Q1 2020). The bank continues its transformation journey, committed to invest in Human and IT capital as well as the protection of customers and employees.

Stable Cost of risk vs last year, cautiously monitored.

Solid Capital Adequacy Ratio of 25%, far above the minimum level of 10%, leaving room for further responsible growth.

Our main concerns in 2021, will be to continue to deliver our growth ambition by acquiring new clients and providing lending solutions needed by our clients. We seek to increase our agility and efficiency to be able to respond faster to our customers’ expectations.

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