FUIB sees eightfold fall in profit in 2014
First Ukrainian International Bank (FUIB, Kyiv) profit totaled UAH 54.2 million in 2014, which is down eightfold on a year ago (UAH 433.756 million).
The bank said in its quarterly report that its loss in Q4 2014 amounted to UAH 14.346 million, while in Q4 2013 its profit stood at UAH 131.621 million.
Previously, the bank assessed its profit at UAH 444.933 million in 2013.
The bank said that its net interest-bearing income reached UAH 2.338 billion in 2014, which is 23.4% up year-over-year (UAH 1.895 billion).
Its total assets grew by 6.8% in 2014, to UAH 35.439 billion, including a rise of 29.8% in loans and client debts, to UAH 25.834 billion.
Reserves for overdue loans and client debts grew by 18.7% in 2014, to UAH 3.914 billion, or 15.2% of total loans and client debts (16.6% as of early 2014).
The bank's charter capital did not change, remaining at UAH 3.294 billion, while net worth grew by 2.9%, to UAH 4.777 billion.
FUIB was founded in 1991. The largest shareholder is SCM Finance LLC (92.24%).
FUIB ranked ninth among 166 operating banks as of October 1, 2014, in terms of total assets worth UAH 37.946 billion, according to the National Bank of Ukraine.