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According to the results of the first half of 2018, the net profit of PrivatBank rose to 6.9226 billion UAH
According to the press service of the bank, Finance.ua,
According to Petro Krumhanzl, PrivatBank's chairman of the board of directors, implementation of the bank's development strategy work efficiency and the strengthening of leading positions in the segment of distribution and lending to small and medium enterprises allowed the bank to obtain a financial result of 3,272 billion UAH in the second quarter, providing a significant financial result for six months. In the second quarter, net commission income increased by 505 million hryvnias (15%), covering all administrative expenses of the bank.
Net interest income in the second quarter rose 528 million hryvnias (16%). the capital of PrivatBank for July 1, 2018 is UAH 20.5 billion, adequacy of regulatory capital (H2) – 18.39% (at the rate of at least 10%), instant liquidity (Н4) PrivatBank – 38, 37% (at the rate of at least 30%).
Note, according to PrivatBank's development strategy approved by the Ministry of Finance of Ukraine, in 2022 PrivatBank expects to receive 8.4 billion UAH net profit and will be ready for the state to withdraw capital.
The total income for a shareholder in the period from 2018 to 2022 will rise to 81 billion UAH, excluding funds that PrivatBank intends to return by the courts.
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