NET PROFIT OF OWNERSHIP UKRGASBANK Down 66%
The net profit of the public bank Ukrgasbank (Kiev) in 2020 was 411 million UAH, 66.7% lower than the same period in 2019 (1.289 billion UAH).
According to statements published on the bank’s website, its net loss for the fourth quarter of 2020 was 274 million UAH, while net profit for the same period in 2019 was 942 million UAH. UAH.
Ukrgasbank’s net interest income after credit spending for the year declined 20% year-over-year (to UAH 1.69 billion), while net commission income increased by 16.1% (to 1.2 billion UAH).
The bank’s assets in 2020 increased by 18.1%, to 142.7 billion UAH, including customer loans and leases – by 21.9% (to 47.5 billion UAH ), and investments estimated at fair value increased by 1.8 times, to UAH 56 billion.
The bank’s liabilities for the corresponding period increased by 1.2 times, to 134.2 billion UAH, including accounts receivable – by 1.2 times, to 126.5 billion UAH.
The bank’s equity increased by 3.6% over the year to 8.55 billion UAH, the charter capital remained at the level of 13.84 billion UAH.
Ukrgasbank was established in 1993. The state represented by the Ministry of Finance owns 94.94% of the shares of the financial institution.
According to the National Bank of Ukraine (NBU), as of March 1, 2021, the Ukgasbank in terms of total assets (UAH 149.524 billion) ranked fourth out of 73 banks operating in the country.
NET PROFIT, UKRGASBANK