Ukrgasbank sees profit grow by six times in Q1, 2020

"It is difficult to evaluate these three months as March has radically changed everyone's plans. Still, the main task of banks is to maintain the financial stability of Ukraine, to be its reliable, unbreakable support. It is the banking institutions that will be the first to help businesses and Ukrainians who will face the effects of quarantine one-on-one. For this purpose, Ukrgasbank has a strong cushion of liquidity and capital, new loyal conditions for cooperation, topical products and services for clients, modern and secure remote channels of access to them and an unlimited desire to return to normal life and continue to work for the sake of the development of our country's economy as soon as possible," Ukrgasbank CEO Kyrylo Shevchenko said.

According to the press service, even during the quarantine Ukrgasbank continues to actively support Ukrainian business, and therefore it became the first bank to reach a mark of 100 borrowers in the presidential program of support to entrepreneurs "Affordable Loans 5-7-9%." Over 120 entrepreneurs have already received loans to grow their business.

Ukrgasbank's profit for 2019 exceeded UAH 1 billion.

op