Sberbank Kyiv subsidiary ups Q1 net profits 80%
KYIV. April 22 (Interfax) - Sberbank of Russia Subsidiary Bank in Kyiv made net profits of UAH141.425 million in January-March of this year, which was over 80% more than the figure for the same three months last year.
The lending organization said in a statement that its net interest income last quarter was up 31.1% at UAH368.419 million.
The bank's total assets increased 9.3% to UAH29.520 billion and its clients' credits and debts 0.07% to UAH20.143 billion. Loan-impairment reserves increased 11.8% to 1.431 billion rubles, representing 7.1% of the bank's credit portfolio.
The Sberbank subsidiary, formerly NRB , was set up in 2011. Sberbank is its sole shareholder.
According to the National Bank of Ukraine, Sberbank's subsidiary entered this year in 11th place by assets among the 175 banks operating in the country now.
The official exchange rate for April 22: UAH7.993/$1.
