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PrivatBank again became profitable

ПриватБанк снова стал прибыльнымIn February, the profit amounted to 2.4 billion hryvnias.

Nationalized at the end of last year PrivatBank has again become profitable.

This writes the profile publication Finclub with reference to operational data of Association of Ukrainian banks.

In January, the Bank received a loss of UAH 1.4 billion, and in February earned a profit of 2.43 billion.

Profitability Feb after a loss Jan may be caused by the dissolution of provisions for loans and advances to customers: in January, these reserves grew by 13.73 billion UAH, and in February declined to 752 million UAH. To cover the reserves in February, PrivatBank capital was increased by UAH 9.8 billion.

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