First Ukrainian International Bank (FUIB) has been ranked the second in 20 Most Efficient Banks in Ukraine compiled by Forbes Ukraine, surveying the efficiency of large and largest banks in Ukraine, as classified by the NBU.
The efficiency was evaluated using 4 ratios calculated on the basis of the banks’ public statements for the three quarters of 2013: return on assets (net profit/assets), return on equity (net profit/equity), profitability ratio (operating expenses/operating income), net interest margin (net interest income/income generating assets). So that the risks assumed by banks did not remain unnoticed, the regulatory capital adequacy and share of non-performing loans in the loan portfolio were also taken into account. For each of the six ratios the bank received the scores from 1 to 4.
Over the three quarters of 2013 the net profit of FUIB totalled UAH 302.1 m, which is 55.2% up year-over-year. The growth in the profit was achieved by increase in the net interest income to UAH 1361.3 m (14.5% up), and in the net fee and commission income to UAH 351.2 m (30% up); and decline in the operating expenses to UAH 706.8 m (13.5% down).
“Achievement of such rather high performance results has become possible thanks to complex work of the Bank’s team as the whole. We managed to increase significantly the fee and commission income from the retail and corporate businesses. Moreover, by actively developing the consumer lending business, we ensured the loan portfolio growth. Along with this, we strictly controlled our operating expenses and optimised business processes. These measures enabled us to build up the customer base, while maintaining the operating expenses at their last year level”, Sergey Chernenko, Chairman of the Management Board of FUIB, says.
Read more about the rankings in Forbes Ukraine (February 2014).
- New FUIB branch No. 15 in Kryvyi Rih opened for clients
- Open FUIB accounts through Diia
- New FUIB branch No. 1 in Vyshhorod opened for clients.
- FUIB ranks 1st in terms of the growth of term deposits of individuals in hryvnia
- FUIB participated in DobroRun 2021 charity run
- FUIB clients will be able to make contactless payments for purchases with SwatchPAY!
Отримати на e-mail
Перевірте e-mail Дякуємо за Вашу цікавість!