By results of the 1Q 2015 the assets of FUIB increased by 9.2% compared with the same period of 2014 having exceeded UAH 40.1 billion. The growth of portfolio occurred in particular due to increase of loans and liabilities of clients by 10.7% to UAH 30.1 billion. Corporate loan portfolio amounted to UAH 26.4 billion while retail loans amounted to UAH 3.7 billion.

Year to date the FUIB’s liabilities increased by 11.1% and amounted to UAH 35.7 billion. Funds due to customers amounted to UAH 27.6 billion, of them the funds of corporate clients exceeded UAH 13.3 billion and of retail clients – UAH 14.3 billion.

Total income of the Bank by results of the first 3 months of 2015 amounted to UAH 1.6 billion, which exceeds the result for the same period of the past year. Net interest income of the bank increased by 5.6% compared to the 1Q 2014 and amounted to UAH 636.1 million while net commission income increased by 384% to UAH 941.1 million, which is connected with increase of commissions from foreign exchange transactions.

Profit before provisions and tax increased by 106% to UAH 1.2 billion compared to the 1Q 2014. At that the bank increased loan loss provisions by 288.6% to UAH 1.6 billion. Consequently, in the 1 Q 2015 net financial result amounted to minus UAH 327.5 million.

«FUIB remains operationally profitable bank, we assess our profit and loss as one of the best in the banking system. In the 1 quarter of this year there was a dramatic UAH devaluation, which entailed the increase of loan loss provisions of the Bank. The current level of provisions covers all portfolio risks of the Bank in the present situation”, notes Igor Kozhevin, the Finance Director of FUIB.

Equity of the bank amounted to UAH 4.4 billion. On 14 March 2015 there was a legal merger of FUIB and the bank Renaissance Credit, which resulted in the increase of equity of the unified bank by 6%.