To cover the increased credit risks during the war, in 2022 PrivatBank has built up reserves in the amount of more than UAH 14.5 billion.
The net income of the state-owned PrivatBank in 2022 reached UAH 30.25 billion, which is 13.7% less than in 2021 (UAH 35.05 billion). The bank’s press service reported this on Thursday, February 2.
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“PrivateBank ended 2022 with a net profit of UAH 30.25 billion amid martial law in Ukraine, continued uncertainty and the need to support its own clients’ employees and small and medium-sized enterprises. It is preliminary data in the confirmation of the annual and financial statements by an external auditor,” it said in the message.
It is indicated that in order to cover the increased credit risks during the war, in 2022, PrivatBank has built up reserves in the amount of more than UAH 14.5 billion. Also during the year, reserves were formed for expected losses as a result of hostilities: for the loss of money and other assets due to the destruction of premises and ATMs.
In the past year, the number of active clients – individuals of the bank increased by 150,000. Today the bank has 19.1 million active clients of individuals and legal entities.
Also in 2022, Privat24 added 1.3 million active clients. In total, the bank has 13.1 million active clients.
Of the 1,200 branches, an average of 80% of the branches were opened every day during the war. In addition, the bank during the year maintains a network of ATMs and POS terminals at the level of 80% or more.
Recall that in November, PrivatBank announced a sharp drop in profits. This figure was affected by the measures introduced to reduce the credit burden since the start of the full war.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.