HomeEconomyPrivatBank announced record profits

PrivatBank announced record profits

Photo: Ministry of Finance

Based on the results of nine months, PrivatBank’s profit before tax exceeded UAH 64 billion.

The net income of the state-owned PrivatBank based on the results of work in January – September of this year reached a record of 48.35 billion Hryvnia. This is 11.5% more than the same period last year, reported the press service of the financial institution on Thursday, October 24.

Based on the results of nine months, PrivatBank’s profit before tax amounted to UAH 64.01 billion. And its loan portfolio increased by 18.4%, exceeding UAH 108.99 billion at the end of September.

“The quality of the loan portfolio refers to almost zero costs for building additional reserves to cover credit risks,” the statement said.

However, operating expenses increased by 4.8% compared to the same period last year.

We remind you that for 2023, PrivatBank received a pre-tax profit of 72.8 billion hryvnias and paid the state 57 billion hryvnias in income tax and dividends. At that time, these numbers were also high.

The Verkhovna Rada authorized the privatization of state banks in parts
New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

The President signed the Law on 50% of the Motagrass for Veterans

The President of Ukraine signed a law that reduces the cost of a motorcycle by 50% for veterans and persons with disabilities as a result of the war (No. 4369-IX). .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px;...

GBI was struck by anger, the requirement of short -term reconciliations of SOC without Boytsov’s order

Employees of the State Bureau of Investigations exposed military personnel in the Nikolaev area, who demanded that the military left some of the military in exchange for returning to the service. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height:...

In Priluki, the Cisland arrived at the post of drone in his house, where he was killed

The rescuer arrived in Pryluky to eliminate the effects of a drone that fell into his house, where his family was killed. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...