UKRAINIAN INDEX
OF EFFECTIVE INTEREST RATES
ON CONSUMER LOANS FOR INDIVIDUALS
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Income and profit of Ukrainian banks declined in April

Income of the Ukrainian banking system fell by 4.8% in April, from March, and expenses – down 1.5%. Profit reduced by 83%, from March.

Income of Ukrainian banks was UAH 46.8 billion for the first four months in 2012. However, this indicator rose by 2.0% from the same period last year.

 

Expenses of Ukrainian banks were UAH 45 billion for the first four months in 2012, which is 2.9% less from the same period last year.

In total, the banks of Ukraine generated profit in the amount of UAH 1.8 billion for the four months 2012 (for the same period in 2011 – the banking system had a loss of UAH 0.5 billion).

The decrease in expenses occurred, first of all, because of a reduction in writing-off to reserves – UAH 7442 million, from UAH 10298 in the same period last year. Despite the fact that a decrease for this item was USD 2856 million (down 38.4%), a total reduction of expenses was considerably less (1348 million hryvnias, or 3%). This occurred due to the skyrocketing of expenses on items “general administrative expenses” (up UAH 1416 million, or 12%), and “interest expenses” (up UAH 1621 million). It was recorded a decline on the item “Other operating expenses” (down UAH 1779 million, or 45%).

Following the results of the first four months 2012, a growth in income (up UAH 992 million, or 2%, from the same period last year) was mainly by means of increasing commission income (up UAH 995 million, or 15.6% from the same period last year). Interest income, which is traditionally a very significant item, grew just slightly – up 0.4% (or UAH 142 million) – for the first four months 2012, from the same period in 2011.

Income and expenses of commercial banks in Ukraine, UAH million.

Item

Total for 4 months 2012

by months

Jan

Feb

Mar

Apr

Income

46 825

11 686

11 438

12143

11 558

interest income

37 277

9 421

9 150

9 450

9 256

commission income

6367

1446

1 530

1 718

1 673

income from trading transaction

1 108

142

372

409

185

other operating income

1448

544

237

392

275

other income

265

48

46

81

90

recovery of written-off assets

360

85

103

93

79

Expenses

45 020

11 034

10 855

11 653

11 478

interest expenses

20708

5292

5 022

5 297

5 097

commission expenses

945

223

238

252

232

other operating expenses

3 949

422

1 271

1 453

803

general administrative expenses

11 717

2 698

2 836

3 118

3 065

allocation to reserves

7442

2267

1 414

1 615

2 146

income tax

259

122

84

-82

135

Total profit (loss)

1805

652

583

490

80

As of 1 May 2012, an official NBU exchange rate is USD 100 / 798.9 UAH

Source: National Bank of Ukraine

 
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