UKRAINIAN INDEX
OF EFFECTIVE INTEREST RATES
ON CONSUMER LOANS FOR INDIVIDUALS
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Ukrainian banks lost some income, but kept their profit balance in November

According to November results, income of the Ukrainian banking system decreased by 4.82% compared to October, and expenses decreased by 1.53%. As a result, the system has shown UAH 560 mln. profit against UAH 1,023 mln. profit in October.

For eleven months of 2012, the banking system has received the profit of UAH 4.358 bn. (in the similar period of 2011, the loss was UAH 4.843 bn.)

For the first 11 months of 2012, expenses of the Ukrainian banks increased by 0.61% against the similar period of 2011 and reached UAH 133.012 bn.

Within 11 months the expenses were mainly going up due to increase of interest costs by 17.46%, to UAH 62.107 bn. Also, administrative expenses increased by 9.83%, to UAH 32.880 bn. In addition, “other operating expenses” increased by 7.31%, to UAH 12.158 bn.

Following January-November results, compared to the similar period in 2011, income of the Ukrainian banks went up by 7.87% and reached UAH 137.37 bn.

The income growth was mainly due to increase of the commission income to UAH 19.23 bn. (+15.35% against the similar period). Interest income, being the most significant profit item, went up to UAH 107.893 bn., or by 5.6%, for the first eleven 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 11 months of 2012

June 2012

July
2012

August 2012

September 2012

October 2012

November 2012

Deviation for a month, November/October

Deviation for a year, 11 months period against the last year period, %

Income

137370

11910

13 469

13 008

12 567

13 602

12 946

-4.82%

7.86%

interest return

107893

9 794

10 363

10 174

9 791

10 400

10 266

-1.29%

5.6%

commission income

19 230

1 710

1 938

1 881

1 832

1 948

1 786

-8.32%

15.35%

merchandise transaction results

3 321

29

362

327

431

715

90

-87.41%

-12.44%

other operating income

4 714

268

518

378

319

351

441

25.64%

27.06%

other income

886

46

82

64

56

77

169

119.48%

90.95%

charge-off return

1 326

63

206

184

138

111

194

74.77%

145.10%

Expenses

133012

12245

12 786

12 355

12 686

12 579

12 386

-1.53%

0.62%

interest costs

62 107

5 404

5 938

6 022

5 992

6 303

6 270

-0.52%

17.46%

commission expenses

2 800

244

251

275

233

273

262

-4.03%

4.09%

other operating expenses

12 158

1 388

937

673

863

737

917

24.42%

7.31%

general administrative expenses

32 880

2 977

2 942

2 922

3 161

3 114

3 112

-0.06%

9.83%

transfers to reserves

22 731

2 162

2 617

2 352

2 408

2 071

1 720

-16.95%

-35.48%

income tax

336

70

101

111

29

81

105

29.63%

160.46%

Net profit (loss)

4 358

-335

683

652

-118

1 023

560

-45.26%

*

* - income obtained instead of UAH 4.843 bn. losses for 11 months of 2011

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

Source: National Bank of Ukraine.

 
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