In the 3rd quarter of 2016, the Credit Dnepr Bank received UAH 53.545 million in profit

26 October 2016

Profit of the Bank's Credit Dnepr in the III quarter of 2016 is UAH 53.545 million, while for the same period last year, the losses of the financial institution amounted to UAH 100.653 million. In total for the 9 months of the current year, compared to the same period in 2015, the bank reduced losses by almost 60%: 227.411 million USD this year against 560.015 million - the past.

"We continue to create reserves for active operations. The situation with problematic assets in the banking environment remains one of the most acute, and the lack of a regulatory framework for protecting the rights of creditors further impedes the process of resolving the issue. As of September 30, 2016, the bank formed reserves for loans to legal entities in the amount of almost 1.4 billion UAH and natural persons - at 330.183 million UAH, - said Sergey Volkov, Deputy Chairman of the Board of Directors of the Bank Credit Dnepr - But at the same time it is important to point out the positive processes that we are seeing. and the financial market of the country.This concerns the improvement of general economic indicators, stabilization in the foreign exchange market, the finalization of the cleaning of finsector from the problem players and the growth of customer confidence.In addition to the fact that the bank is gradually going to profit-making - in the III quarter of the financial institution received a profit of 53, UAH 5 million, during this period we also repaid the entire amount of the NBU stbecredit attracted last year, which all testifies to the fact that we have made the right decision regarding the strategic directions of the bank's development. "

From the beginning of 2016, the assets of financial institutions decreased by almost 2% - to UAH 7.388 billion. Loans and customer debts for this period decreased by 7.3% - to UAH 4.313 billion. The registered authorized capital of Bank Dnipro Credit in the III quarter of 2016 remained at UAH 1.521 billion.

For reference:
Credit Dnepr Bank was founded in 1993, currently belongs to Group I according to the NBU classification (banks whose share of assets exceeds 0.5% of assets of the banking system).
The only shareholder of Bank Dnipro Credit is the "Brancroft Enterprise Limited", which is indirectly owned by Victor Pinchuk.
The reliability and stability of the bank is confirmed by authoritative rating agencies. In particular, the rating agency IBI-Rating confirmed the rating of the bank on the national scale at the level of "uaA-" with the forecast "in development" and the reliability rating of deposits at the level of "4+" (high reliability).
Within the framework of the study "Transparency of Ukrainian banks: steps to Europe" from IBI-Rating and the international financial club "Banker", the Bank of Credit Dnepr received the nomination "European Partnership" and became the only bank with Ukrainian capital recognized as one of the most investment-attractive financial institutions in the country. As a result of work in 2015, Credit Dnepr Bank became the winner of the competition from the international financial club "Banker" in the nomination "The best bank for deposit programs for the population".
In May 2016, according to an annual survey of "50 leading Ukrainian banks" conducted by the "Financial Club" analytical group, according to the general rating, the bank maintains confident positions among the top 50 financial institutions in the country. In 2016, Credit Dnepr Bank became one of the winners in the nomination "Stable Partner" of the XIXth Annual "Financial Oscars" Contest, which holds the business weekly "Business".

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