The head of the bank’s supervisory board said what challenges the financial institution had to face during the war, and how it was possible to overcome the difficulties.
JSC Ukrbudinvestbank, despite the war in the country and related property losses, ended 2022 with a profit and retained its entire client base. This was stated by the chairman of the supervisory board of the bank Svetlana Demyanenko in an interview with UNIAN.
He did not specify specific numbers, saying only that the financial result allowed the bank to receive an AAA credit rating, that is, the highest level of creditworthiness.
“Over the past year, Ukrbudinvestbank has complied with all NBU standards and, according to the rating (of the Central Bank – ed. note), occupies the 42nd position among all banks operating in Ukraine. This allowed the bank to receive a AAA credit rating from the national rating agency Rurik, that is, the highest level of creditworthiness and a long-term forecast “in development”, he said.
According to him, the war has become a severe challenge not only for his financial institution, but also for the banking system as a whole.
“A full-scale war would have been a really severe challenge. However, as we can see, the banking system survived in 2022 – the country did not see a mass closure of banks, only three closed. Thanks to a competent policy, by holding themselves back, Ukrainian banks helped to maintain the state economy. For Ukrbudinvestbank, 2022 will be a test of the strength of both the board and the team. We managed to avoid layoffs at work, and in return the bank received tangible unity and insane dedication of employees during the most difficult time of the year. In addition, last year we became more flexible and adjusted to work in an emergency, including further improvement in remote work, tested by quarantine. A vivid confirmation of this is to maintain the number of our clients,” said Demyanenko.
The head of the supervisory board of the financial institution added that “the bank suffered property losses, but despite this, it was able to complete 2022 with a profit.”
“We suffered huge property losses in the territories under occupation or in the zone of direct conflict – we destroyed the branches in Bucha, Kherson and Severodonetsk. Some branches were temporarily closed, but now their work has been resumed. And for example , in Nikolaev, despite the complexity of the situation, we worked all the time. But, speaking in financial terms, the amount of losses for the bank was insignificant, which facilitated of timely and competent collection of funds. The bank recognized the damage from damage and loss of property and valuables, formed a reserve for active operations and diversified risks, ensuring profitable operations and sufficient income. We have maintained management and received a profitable result in 2022,” he emphasized.
Recall that in December it was reported that Ukrainian banks, despite the war, increased their profits significantly at the end of the year.
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Source: korrespondent
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