“PrivatBank” announced record profits in 2018

"ПриватБанк" сообщил о получении рекордной прибыли в 2018 году

In 2018 PrivatBank increased its net fee and Commission income in half, to 15.2 billion, in connection with what was recorded a record profit. This was reported in the confirmed auditing company E&Y Annual report of the Bank, passed in a press-service of “PrivatBank”.

“The increase in the number of active customers by 10% and the growth of transaction volumes, as in offices and online channels, allowed to achieve increase of net Commission income by 49% compared to 2017”, – noted in the document.

According to the report, the net fee and Commission income increase when compared to the 2017 year operating expenses by 14.7% ensured by 2018 profit in the amount of 12.8 billion.

“The Commission form a significant part of the profits of the Bank and are an important factor of sustainability of business models: net fee and Commission income of the Bank on 109% covers administrative costs,” report to the Bank.

Thus, in 2018, “Privat” was one of the best in Ukraine in terms of excess of revenues over expenditures, reaching 45%.

Also in the message me remind you that according to the national Bank of Ukraine “PrivatBank” occupies a leading position in the market of retail cashless transactions and provides 42% of fee income in the banking sector.

In the court’s decision notes that the national Bank of Ukraine and the Cabinet of Ministers of Ukraine has not provided sufficient evidence of insolvency “PrivatBank”.

For its part, the NBU is preparing to appeal.

21 Dec 2016 “PrivatBank” transferred to the state. The state received 100% of its capital and has spent tens of billions of hryvnia on its capitalization.

"ПриватБанк" сообщил о получении рекордной прибыли в 2018 году