The bank increased its individual loan portfolio by 6% and increased the number of corporate clients by 18%.
For Q1 2018, the nationalized PrivatBank obtained profit, amounting to UAH 3.7 bln, the press office of the financial institution informs, Correspondent reports.
The net interest income of PrivatBank was UAH 3.3 bln. In general, for the first quarter, the bank earned UAH 6.7 bln of interest income through increase of the individual loan portfolio by 6% (UAH 2.5 bln) and the growth of a new portfolio of corporate clients by 18% (UAH 1.1 bln).
Today, for the first quarter of the year, the bank transferred more than UAH 2 bln of budget payments.
It should be reminded that as per the results of 2017, PrivatBank obtained losses, amounting to almost UAH 23 bln.
Meanwhile, other state banks ended the previous year with the profit.
Previously, Chairman of the Supervisory Board of PrivatBank Engin Akçakoca reported that the privatization of the institution was planned for 2021 – such deadline was set in a five-year strategy of the bank development.
