It will, if bank has sufficient liquidity.
Just as you save money to meet emergencies, the Bank keeps some money in order to return it to you at the right time.
Every hryvnia works and earns in alive bank.
So operating profit shows whether your bank is able to make money even in difficult times.
Because of the crisis in the country, banks forced to reserve a lot more funds than usual over the last 2 years.
FUIB saved 4,8 billion UAH in allowance in 2015.
Difficult times require clever decisions. We decided to merge FUIB and Bank Renaissance Credit to become stronger. We completely restarted bank only in one year.
Our goal was to compensate the loss of business in eastern Ukraine, to strengthen positions in mass segment of the market and build a platform for fast and quality future growth.
Stress testing, conducted by National Bank of Ukraine, shown that FUIB remains one of the strongest and most reliable banks in Ukraine. The Bank approved a schedule of recapitalisation
for 3 years.
"The crisis revealed systematic errors both in the economy and in the banking
system.The Banking system got through a serious cleaning of fake banks that actually
destroyed the market by foolish lending and aggressive tariff policy on deposits".
FUIB's Chairman of the Board, Sergiy Chernenko. From interview to LIGA.net.
Level of economy and reserves will be main factors, that will determine financial result of a banking system. We are expecting big decrease in reserves within a banking system. Even now we see that money are flowing into a banking system and banks are depositing liquidity.
FUIB's Chairman of the Board, Sergiy Chernenko. From interview to Forbes Ukraine.