29.05.2019

UKRSIBBANK posted in Q1 2019 a net result after tax of UAH 623 M

In 1Q’19 the UKRSIBBANK has posted NPAT (net profit after tax) of UAH 623 m (

+ 1.8% YoY
).

Net banking income reached

1,6 Bn UAH
(+16% YoY) thanks to the growth of net interest income, the volume of which increased by 29,36% YoY and amounted to

1,1 billion UAH
in Q1 2019.

Cost of risk decreased by 41% YoY down to

– 23 m UAH
showing the Bank’s ability to keep its credit risks under control and reflecting the quality of the loan portfolio.

The capital adequacy ratio is 25,10%, far above the minimum level of 10%, leaving room for further growth.

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