FUIB received UAH 1B in net profit in Q1 2021

FUIB received UAH 1B in net profit in Q1 2021

Ukrinform
First Ukrainian International Bank (FUIB) received UAH 1 billion in net profit in the first quarter of 2021, which is 23% higher compared with the same period last year.

The bank's operating income in Q1 2021 amounted to UAH 2,412.6 million against UAH 2,041.2 million in 2020. FUIB’s net interest income rose by 21% compared with the same period in 2020, up to UAH 2,029.1 million, Ukrinform reports with reference to the press service of SCM Group, which includes FUIB.

FUIB’s net commission income amounted to UAH 439.2 million in Q1 2021.

The bank's equity amounted to UAH 9.4 billion. FUIB's assets reached UAH 84.9 billion and its liabilities - UAH 75.5 billion. In Q1 2021, customer funds amounted to UAH 67.3 billion.

As of April 1, 2021, bank's net loan portfolio amounted to UAH 39.6 billion, of which UAH 17.3 billion are loans given to individuals. 42% of the loan portfolio of individuals is taken by the consumer lending segment.

The bank's liquidity and capital adequacy equal almost twice as much as the standard set by the regulator. The liquidity coverage ratio (LCR) in foreign currency was 213%, in all currencies – 184% with a standard of at least 100%. The net stable funding ratio (NSFR) was 139%, with a normative rate of at least 80%.

FUIB is the largest Ukrainian bank with private capital, which has been operating stably in the banking market of Ukraine for 30 years.

As reported, FUIB received UAH 2.6 billion in net profit in 2020.

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