OREANDA-NEWS. July 23, 2012. First Ukrainian International Bank announces its performance results for 1H2012 under Ukrainian Accounting Standards.

First Ukrainian International Bank (FUIB) earned UAH 89.2 million in net profit during 2Q2012. Thus, the Bank’s net profit for 1H2012 increased by 24.5% y-o-y to UAH 128.0 million.

The net interest income for 1H2012 constituted UAH 773.4 million, which is 13.5% up y-o-y; the net fee and commission income went up by 14.2% y-o-y to UAH 166.2 million.

The Bank’s assets decreased by 9.8% to UAH 31.5 billion y-t-d as the result of outflow of “hot” corporate accounts (38.0% down to UAH 7.1 billion). At the same time during 1H2012 the retail accounts with the Bank grew by 10.5% to UAH 9.5 billion.

Over the reference period the FUIB’s loan portfolio grew by 3.7% to UAH 16.2 billion mainly through 10.6% growth in the individual loan portfolio to UAH 3.5 billion. The corporate loan portfolio grew by 2.0% to UAH 12.7 billion as of June 30, 2012.

The FUIB’s equity increased by 1.6% as of June 30, 2012 and amounts to UAH 4.1 billion.

“We continued building an efficient and profitable bank, despite the challenging financial market environment and the sluggish global economic growth,” says Konstantin Vaysman, Chairman of the FUIB’s Management Board. “The Bank demonstrates high profitability and remains one the most sustainable banks in the Ukraine’s banking system, enjoying a strong and diversified balance sheet. The Bank’s loans to deposits ratio of almost 100% is among the best in the market. We dedicated substantial resources to business transformation to enhance operating efficiency: we are increasing the speed and quality of our service to customers and strengthen standards and processes”.