UKRAINIAN INDEX
OF EFFECTIVE INTEREST RATES
ON CONSUMER LOANS FOR INDIVIDUALS
Russian (CIS)English (United Kingdom)
Experts
New Publication:
New Publication:
New Publication:
Publications Calendar
< 10/2017 >
Mo Tu We Th Fr Sa Su
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31          
 


Ukrainian banking system finished the first quarter 2012 with profit

In March, the Ukrainian banks started earning more on loans. However their profit decreased due to expensive resources, growing administrative and other operational costs.

Credits actively granted by the Ukrainian banks since the second half of February served as a basis for the income growth. As a result, in the first quarter of 2012 receipts of the Ukrainian banks approximated UAH 35.3 billion. Furthermore, the income was growing within the quarter, from month to month, from UAH 11,686 mln. in January to UAH 11,438 mln. in February, and then to UAH 12,143 mln. in March. This growth was due to the increasing interest and commission income.

Following the quarter results, the banking system expenses totaled UAH 33.5 bn. At the same time, expenses increased in February and then slightly decreased in March - monthly indices reached UAH 11,034 mln., UAH 10,855 mln., and UAH 11,653 mln., respectively. Interest costs decreased in February compared to January and returned to the level of January by March. Commission expenses were gradually rising from January to March. Other operating expenses were most rapidly increasing from UAH 432 mln. to UAH 1,261 mln. in February and UAH 1,453 mln. in March. Administrative expenses were gradually growing, and it was their dynamics, along with other operating expenses, which resulted in decreased profitability of the system by the quarter end.

The income was decreasing from January to March, from month to month consistently – UAH 652 mln., UAH 583 mln., UAH 490 mln., respectively. It occurred even though transfers to reserves tended to decrease from month to month – UAH 2,267 mln., UAH 1,414 mln., UAH 1,615 mln., respectively.

As of 20 March 2012, the official currency exchange rate was UAH 798.57 / USD 100.

The expense and revenue structure by results of the first quarter in 2012:

 

Index

Amount

(UAH mln.)

Share relative to the distribution size

Increase relative to the similar index in January

Increase relative to the similar index in February

1

INCOME

35 267

100.0%

3.7%

5.81%

1.1

Interest revenue

28 021

79.5%

0.3%

3.17%

1.2

Commission income

4 694

13.3%

15.8%

10.94%

1.3

Trading transaction results

923

2.6%

65.3%

9.05%

1.4

Other operating revenue

1 173

3.3%

-38.8%

39.54%

1.5

Other revenue

175

0.5%

40.7%

43.21%

1.6

Charge-off return

281

0.8%

8.6%

-10.75%

 

 

 

 

 

2

EXPENSES

33 542

100.0%

5.3%

6.85%

2.1

Interest costs

15 611

46.5%

0.1%

5.1%

2.2

Commission expenses

713

2.1%

11.5%

5.56%

2.3

Other operating expenses

3 146

9.4%

70.3%

13.2%

2.4

General administrative expenses

8 652

25.8%

13.5%

9.04%

2.5

Transfers to reserves

5 296

15.8%

-40.4%

12.4%

2.6

Income tax

124

0.4%

248.8%

-202.4%

3

NET PROFIT

1 725

Х

-33.1%

-18.9%

Data source: National Bank of Ukraine

 
Share: