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The IMF exceeded 9 billion UAH

Прибыль ПриватБанка превысила 9 млрд грнFor eleven months, PrivatBank received more than 9 billion UAH of profit.

In January-November PrivatBank declared an income of 9.03 billion.

In early November, Deputy Chairman of PrivatBank Galina pahachuk stated that about half of the Bank’s net interest income generates government bonds, obtained in the course of recapitalization, 8.7 billion hryvnia since the beginning of the year (referring to the coupon payments of Treasury bonds – EP).

She noted that another 1 billion hryvnia, the Bank received from the short-term government bonds, which are invested on their own. Fee and Commission income of financial institutions 13 billion.

Pakhachuk said that PrivatBank in 2018 will receive a minimum of 5 billion hryvnia net profit and provides this figure as a minimum in the draft financial plan for 2019.

According to her, the PrivatBank does not need recapitalization by the state “all the additional risks we are able to cover the expense of their profits”.

According to statements of PrivatBank, on December 1, 2018 ratio regulatory capital adequacy stood at 18,25% (requirement of the NBU – not less than 10%).

We will remind, for January-October, PrivatBank reported a profit of 7.07 billion UAH, in January-September to 5.1 billion hryvnia, while in January-August was 9.7 billion USD.

The September damage of 4.6 billion hryvnia, the head of the Board Peter Krumhansl was explained by the formation of reserves against debts of ten foreign companies-borrowers arising prior to nationalization.

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