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PrivatBank has estimated the losses

ПриватБанк оценил убыткиThe net interest loss amounted to 2.2 billion UAH.

Loss PrivatBank since the beginning of the year amounted to 1.6 billion UAH.

It is reported in the financial statements of financial institutions.

According to the document, its net interest income for the nine months increased by 43.8% – to UAH 4.9 bn. After deduction of provisions for loan impairment net interest loss amounted to UAH 2.2 billion against UAH 2.7 bn net interest income in January-September 2016.

In addition, net fee and Commission income of the Bank increased by 23.4% – to UAH 7 bn,

Administrative and other operating expenses increased by 23.4% – to UAH 7.9 billion.

The Bank’s assets for the first nine months increased by 23.5% and amounted to 253,3 billion, including loans to customers by 8.6% to 47.6 billion UAH.

We will remind, in January-March PrivatBank, after dropping 2.3 billion in reserves for depreciation of loans received net interest loss in the amount of UAH 1.3 bn against UAH 574 million in net interest income in the first quarter of 2016.

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