Kyiv VTB Bank sees assets fall 4% in Jan-Sept
KYIV. Oct 23 (Interfax-Ukraine) - The assets of VTB subsidiary in Ukraine Kyiv VTB Bank dropped 4.1% in January-September 2012 to UAH 34.49 billion, the bank said in a report.
Customer loans and debt went down 9.9% to UAH 24.53 billion. Provisions amounted to UAH 5.77 billion on October 1, or 23.5% of total loans (24.1% at the start of the year).
Net profit jumped 80% to UAH 693.65 million from UAH 385.17 million in the same period of 2011.
Net profit in the third quarter was UAH 310.7, shooting up from UAH 12.13 million in July-September 2011.
Net interest revenue fell 15.7% to UAH 1.44 billion in the nine months. In the third quarter net interest revenue fell 17.7% to UAH 487.3 million.
Equity grew 21.5% in January-September to UAH 3.79 billion and charter capital remained at UAH 5.42 billion.
Russia's VTB owns 99.9737% of Kyiv VTB Bank.
Kyiv VTB Bank (former Mriya Bank) was established in 1992. The National Bank of Ukraine reports that on July 1 2012 the bank was ranked number 7 for asset value among Ukraine's 176 banks.
The official exchange rate on October 22 stood at UAH 7.993/$1.
