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According to the results of the first two months of 2019, PrivatBank's net profit was 5.2 billion UAH, which is 4 billion UAH more than the same indicator last year. This was announced by the press service of PrivatBank.
According to the press service, the profitable work of the bank was ensured by the systematic increase of the loan portfolio by UAH 14 billion. At the same time, compared with January-February 2018, PrivatBank increased the volume of highly liquid assets to UAH 206 billion (+ UAH 22.2 billion).
The growth of the loan portfolio through the increase in retail loans (+8.6 billion UAH) and small business financing (+1.5 billion UAH) provided the growth of interest income of the bank in January and February 2019 to UAH 5.5 billion (+1.1 billion UAH). The expansion of the payment and #cashless services has provided the bank with an increase of the net commission income from the beginning of the year by UAH 0.5 billion.
During the period from March 2018 to February 2019, PrivatBank also provided an increase of the resource base by UAH 12.6 billion, with a significant part of it coming from retail clients (+10.3 billion UAH) and small and medium businesses (+6.8 billion UAH). The balance amount of the NBU refinancing since the beginning of the year has decreased to UAH 9.1 billion.