Top Ukrainian banks boost assets in 2011
KYIV. Jan 31 (Interfax) - Ukraine's top two boosted their assets in 2011.
Dnipropetrovsk-based Privatbank, the country's biggest bank, said its assets grew 27.9% to UAH145.118 billion, including loans and customer debt - 20.7% to UAH122.922 billion.
Loan-loss provisions stood at UAH22.13 billion at then end of 2011, and rose from 16% to 18% of overall loans during the year (UAH7.9897/$1 on Jan. 31).
Privatbank's liabilities grew 26.4% to UAH128.371 billion, equity - 41% to UAH16.747 billion and share capital - 52.9% to UAH13.545 billion.
The bank said net profit rose 4.1% to UAH1.426 billion in 2011. Net interest income was up 36.9% to UAH7.941 billion, and net commission rose 36.8% to UAH3.841 billion.
Privatbank is owned by Hennady Boholubov (33.75%), Ihor Kolomoysky (33.75%) and the Cyprus-registered Triantal Investments Ltd (24.98%).
The wholly state-owned Oschadbank, Ukraine's second biggest bank by assets, bolstered those assets 25.3% to UAH73.968 billion in 2011.
Loans and debt grew 31.4% to UAH58.838 billion and provisions reached UAH8.354 billion, rising from 12% to 14% of loans during the year.
Liabilities grew 32.9% to UAH56.321 billion.
Net profit rose 15.3% to UAH530.991 million. Net interest income rose 8.5% to UAH4.522 billion and net commission grew 3.6% to UAH936.445 billion.
Share capital rose 4.4% to UAH14.496 billion and equity grew 6.1% to UAH17.647 billion.