The profit of the largest bank in Ukraine – PrivatBank (Dnipropetrovsk) – came to Hr 387.23 million in January-June 2014, which is 3.6 times down year-over-year (Hr 1.383 billion), according to a quarterly report of the bank.
The bank said that its profit in the second quarter totaled Hr 93.466 million (Hr 293.764 million in the first quarter), which is 8.1 times down year-over-year (Hr 758.339 million).
Net interest-bearing income grew by 24.9 percent in H1, 2014, to Hr 5.328 billion.
Total assets over the period fell by 4.8 percent, to Hr 204.199 billion, including a rise of 3 percent in credits and debts of clients, to Hr 146.888 billion.
Reserves for overdue credits as of early July reached 14.8 percent of the sum of credits and debts of clients, falling from 16.6 percent as of early 2014.
The charter capital of the bank did not change, being Hr 16.352 billion, while net worth grew by 2.7 percent, to Hr 20.855 billion.
PrivatBank was founded in 1992. According to the information of the Ukrainian National Bank, as of April 1, 2014, in terms of general assets (Hr 196.129 billion) the bank is the largest of the 181 banks operating the country.
By early July 2014 the bank’s largest shareholders were Hennadiy Boholiubov (37.02 percent), Ihor Kolomoisky (36.51 percen) and Triantal Investments Ltd. (16.79 percent).
