UKRSIBBANK BNP Paribas Group posted a net result after tax of UAH 2.7 Bn in 2018

UKRSIBBANK posted UAH 2.7 Bn of net profit after tax in

2018 (+81% YoY)
, a return on equity of 43% and a return on assets of 5.4%. Given the comfortable solvency ratios, all distributable result will be paid-out in dividends.

Net banking income reached

UAH 5.9 Bn (+32% YoY)
, thanks to the favorable market conditions and prudent risk management.

On the business side, despite an increasingly competitive environment in 2018, UKRSIBBANK has performed well across all business segments. At year-end 2018, the number of clients reached

1.9 million
customers and the total assets stood at UAH 52 Bn.

In 2018 the bank has continued to invest in its 2020 strategic projects. IT launched its transformation plan while cyber security is being further strengthened to meet both client requirements and the demanding BNP Paribas Group standards. Newly launched Apple Pay and FX online applications have broadened the digital offer of the bank. During 2018, the bank also intensified its collaboration with the EBRD through IQ energy and agriculture programs.