UKRAINIAN INDEX
OF EFFECTIVE INTEREST RATES
ON CONSUMER LOANS FOR INDIVIDUALS
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Income, expenses and profit of the Ukrainian banks decreased following the results of August

According to the August results, the Ukrainian banking system’s income decreased by 3.42% compared to July, and expenses decreased by 3.37%. The August income reached UAH 652 mln. compared to UAH 683 mln. in July and UAH 335 mln. loss in June.

For eight months of 2012 the banking system has gained UAH 2.8 bn. revenue (in the respective period of 2011 the loss totalled UAH 4.55 bn.).

For first eight months of 2012 the Ukrainian banks’ expenses have decreased by 1.07% (compared to the similar period of 2011) and totalled UAH 95.36 bn.

The expense decrease for the first eight months was mainly caused by the reduced transfers to reserves of UAH 16,532 mln. compared to UAH 25,568 mln. in the similar period of 2011, which was 35.34% lower than before.

Decreased transfers to reserves were largely compensated by the growth of expenses under other items. For example, “interest costs” have increased from UAH 38,233 mln. to UAH 43,542 mln. or by 13.89%. Also, “general administrative expenses” have significantly risen, from UAH 21,227 mln. to UAH 23,493 mln. or by 10.68%. Moreover, “other operating expenses” have increased from UAH 9,259 mln. to UAH 9,641 mln. or by 4.13%.

Following the January-August results, the Ukrainian banks’ revenue went up by 6.98% and totalled UAH 98.255 bn. compared to the respective period of 2011.

The income growth was mainly due to the commission income increase to UAH 13.664 bn. (+16.98% compared to the similar period). The “interest return”, which is the biggest income item, has increased to UAH 77.463 mln. or by 4.85% for the first seven months of 2012 compared to the similar period of 2011.

Income and expenses of the commercial banking system of Ukraine, UAH mln.

Income and expenses

Total for 8 months of 2011

Total for 8 months of 2012

Deviation for a year

Results for June 2012

Results for July 2012

Results for August 2012

Deviation for a month (August against July)

Income

91,842

98,255

6.98%

11,910

13469

13,008

-3.42%

interest return

73,852

77,436

4.85%

9,794

10,363

10,174

-1.82%

commission income

11,681

13,664

16.98%

1,710

1,938

1,881

-2.94%

merchandise transaction results

2,852

2,085

-26.89%

29

362

327

-9.67%

other operating income

2824

3,603

27.58%

268

518

378

-27.03%

other income

238

584

145.38%

46

82

64

-21.95%

charge-off return

394

883

124.11%

63

206

184

-10.68%

Expenses

96,395

95,361

-1.07%

12,245

12,786

12,355

-3.37%

interest costs

38,233

43,542

13.89%

5,404

5,938

6,022

1.41%

commission expenses

1,896

2,032

7.17

244

251

275

9.56%

other operating expenses

9,259

9,641

4.13%

1,388

937

673

-28.18%

general administrative expenses

21,227

23,493

10.68%

2,977

2,942

2,922

-0.68%

transfers to reserves

25,568

16,532

-35.34%

2,162

2,617

2,352

-10.13%

income tax

212

121

-42.92%

70

101

111

9.91%

Net profit (loss)

-4,553

2,893

-

-335

683

652

-4.54%

Source: National Bank of Ukraine.

The official NBU’s rate was UAH 799.30/USD 100 as of 1 September 2012.

 


 
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