Ukraine's Oschadbank sees profit fall by 23% in Q1
KYIV. April 19 (Interfax) - Kyiv-based Oschadbank had net profit of UAH137.275 million in Q1 2013, down 23% year-on-year.
The bank said net interest income in the first quarter grew by 11.9% compared to January-March- \2012, to UAH1.348 billion (UAH7.993/$1 on April 19).
Total assets increased by 0.3%, to UAH86.226 billion, while its loans and customers' debts decreased by 3%, to UAH49.671 billion.
The volume of provisions for bad loans rose by 6.8%, to UAH10.849 billion, or 22% of total sum of loans and clients' debts.
Equity grew by 0.9%, to UAH 18.276 billion.
The wholly state-owned Oschadbank was founded in 1991. According to the National Bank of Ukraine, on January 1, 2013 in terms of total assets Oschadbank ranked third (UAH 85.996 billion) among the 175 banks operating in the country.