Net profit of JSC "Piraeus Bank" increased by 63.5% for the second quarter

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Net profit of JSC "Piraeus Bank" increased by 63.5% for the second quarter

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Net profit of JSC "Piraeus Bank" increased by 63.5% for the second quarter

09 August

Despite the fact of difficult market condition, Piraeus Bank’s net profit for the first half of the year – 4.9 mio UAH.

In particular, interest income for the first half amounted is 126.3 mio.UAH and commission income is 30.7 mio.UAH. As of Jun’16, customer accounts reached 1.4 bln. UAH., almost higher on 6% (55 mio. UAH.) than at the beginning of 2016.

As of June 30, 2016 Piraeus Bank fulfilled all capital requirements set by the National Bank of Ukraine. Total regulatory capital amounted to 486.1 mio.UAH, capital adequacy ratio of the Bank is 41.05% (minimum set by NBU -10%), as of 30 June 2016.

The Bank continued to comply with all liquidity ratios ( main indicator for the fulfilment of all obligations to the clients) :

instant liquidity ratio (N4), reached 280% (during a required ratio of NBU - 20%);
current liquidity ratio (N5), - 136% (during a required ratio - 40%);
short-term liquidity (N6) - 146% (during a required ratio - 60%).

Net profit of JSC "Piraeus Bank" increased by 63.5% for the second quarter

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