Ukrgasbank’s profit grows to UAH 725M since year-start

Ukrgasbank’s profit grows to UAH 725M since year-start

Ukrinform
The net profit of JSB Ukrgasbank for January-October 2020 rose to UAH 725 million, which is 26% more than in the same period last year, the bank’s press service reports.

"Over 10 months, Ukrgasbank's profit grew to UAH 725 million, which is 26% more than in the same period last year. Then the bank earned UAH 576 million," reads the report.

Since the beginning of the year, Ukrgasbank's assets have grown by UAH 33.5 billion, which is a 28% increase. As of November 1, the bank’s assets reached almost UAH 160 billion.

Currently, the bank's clients number more than 2.3 million Ukrainians, more than 73 thousand small and medium-sized entrepreneurs and more than 6.8 thousand large enterprises. During the quarantine, Ukrgasbank continues to support Ukrainian business. Thus, the volume of loan agreements under the state program "Affordable loans at 5-7-9%" has already surpassed the mark of one billion hryvnias, where the lion's share are investment loans.

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