FUIB produced a UAH 128 Million Profit in 1H2012

First Ukrainian International Bank (FUIB) earned UAH 89.2 million in net profit during 2Q2012. Thus, the Bank’s net profit for 1H2012 increased by 24.5% y-o-y to UAH 128.0 million.

The net interest income for 1H2012 constituted UAH 773.4 million, which is 13.5% up y-o-y; the net fee and commission income went up by 14.2% y-o-y to UAH 166.2 million.

The Bank’s assets decreased by 9.8% to UAH 31.5 billion y-t-d as the result of outflow of “hot” corporate accounts (38.0% down to UAH 7.1 billion). At the same time during 1H2012 the retail accounts with the Bank grew by 10.5% to UAH 9.5 billion.

Over the reference period the FUIB’s loan portfolio grew by 3.7% to UAH 16.2 billion mainly through 10.6% growth in the individual loan portfolio to UAH 3.5 billion. The corporate loan portfolio grew by 2.0% to UAH 12.7 billion as of June 30, 2012.

The FUIB’s equity increased by 1.6% as of June 30, 2012 and amounts to UAH 4.1 billion.

“We continued building an efficient and profitable bank, despite the challenging financial market environment and the sluggish global economic growth,” says Konstantin Vaysman, Chairman of the FUIB’s Management Board. “The Bank demonstrates high profitability and remains one the most sustainable banks in the Ukraine’s banking system, enjoying a strong and diversified balance sheet. The Bank’s loans to deposits ratio of almost 100% is among the best in the market. We dedicated substantial resources to business transformation to enhance operating efficiency: we are increasing the speed and quality of our service to customers and strengthen standards and processes”.

Reference

FIRST UKRAINIAN INTERNATIONAL BANK (FUIB) is in the group of the Ukraine’s largest banks. It is a universal bank, especially active in commercial, retail, and investment banking operations. The Bank was founded in 1991. Its major shareholder is “SCM” Finance LLC (92.24%). The FUIB’s regional network consists of 161 outlets all over Ukraine. The Bank serves 1.5 million individual and over 20 thousand corporate customers. FUIB is a member of “Radius” ATM Network uniting over 4000 ATMs of partner banks in all regions.

In 2010 FUIB was included as No 905 in the rankings of one thousand largest banks in the world compiled by The Banker magazine. FUIB received the Best Banking Group award by World Finance international edition (UK) in 2012. The Bank is among the leaders in informational transparency by Ukrainian banks according to findings of the surveys held by Standard & Poor’s (2010) and Credit-Rating (2011) agencies with support from Financial Initiatives Agency and the Financial Sector Development Project (FINREP) of the USAID. The FUIB’s current ratings are available at the Bank’s site in “Ratings” section.

FUIB’s web site: www.pumb.ua. Joins us on social networks: http://j.mp/pumbua