Bank Pivdenny reports Q3-2018 financial results: net profit for the first 9 months of 2018 triples YoY
Bank Pivdenny’s net profit for the first 9 months of 2018 amounted to 186.1 million UAH, which is three times higher YoY. As of October 1, 2018, the Bank retained 12th place in the banking system of Ukraine in terms of assets. Over the past year, the Bank’s assets grew faster than the market and increased by 13.9% to 25.0 billion UAH. The overall growth in the banking system was 6.2%.
Since the beginning of 2018, the volume of individuals’ deposits has increased by 14.6% and reached 9.0 billion UAH. Due to such indicators, Bank Pivdenny holds the 10th place in the banking system in terms of the volume of individuals’ deposits.
Bank Pivdenny has one of the highest quality of the loan portfolio among Ukrainian banks. As of October 1, 2018, the share of overdue loans of the bank was 3.3%, while the same index in the banking system was more than 40%.
According to the results of three quarters of 2018, Bank Pivdenny has a sufficient level of capitalization. As of October 1, 2018, the Bank’s Capital Adequacy Ratio was 11.0% (the regulatory minimum requirement is 10% according to the National Bank of Ukraine).
Bank Pivdenny is a universal Ukrainian bank, founded in 1993, headquartered in the city of Odessa. The Bank offers a wide range of services for corporate clients and individuals through a wide regional network, which as of October 2018 included 93 branches in 18 regions of Ukraine.