FUIB sees almost UAH 593 mln of net profit in H1 2017
The First Ukrainian International Bank (FUIB, Kyiv) saw UAH 592.968 million of net profit in January-June 2017 compared with UAH 46.032 million of net loss a year ago.
According to a financial report of the bank, its net interest income grew by 60% over the period, to UAH 1.46 billion. Not taking into account expenses to form reserves, net interest income totaled UAH 1.219 billion (16.8-fold more than a year ago).
The bank saw UAH 554.4 million of commission fee (25.2% up), UAH 90.968 million of income from transactions with foreign currency (64.3% down), UAH 79.213 million of income from derivatives (UAH 2.467 million of loss a year ago) and UAH 264.065 million of other operating income (3.8-fold rise). The bank saw a 1.8-fold rise in operating expenditure, to UAH 1.455 billion.
Assets narrowed by 5.1% in H1 2017, to UAH 42.258 billion, including a 9% fall in credits issued to clients, to UAH 22.517 billion.
Funds of clients fell by 1.2%, to UAH 32.802 billion and liabilities on the bank's eurobonds declined by 37.8%, to UAH 2.67 billion.
FUIB was founded in 1991. Its largest shareholder as of the beginning of January 2017 was SCM Finance (92.24%), while the owner of a significant stake was Rinat Akhmetov (indirect participation of 99.9011%).
FUIB ranked sixth among 90 operating banks in the country as of April 1, 2017 by total assets (UAH 43.628 billion), according to the National Bank of Ukraine.