Piraeus Bank’s net profit for the whole previous year totals UAH 29,8 mio compared to UAH 3,2 mio a year earlier.
The profit increase stems from SME lending activation as well as optimization of attracted resources costs and structure. As a result, net commission income increased 117% or UAH 93,3 mio in 2017, net commission income– on 41% or UAH 22,4 mio.
“Piraeus Bank has real and efficient banking business model – when the bank derives a profit from banking products and real sector lending, so not only from treasury bills, such as NBU certificates, or short-term liquidity management. For example, we plan to increase commission income 30% this year.
This justifies that the niche bank strategy direction was chosen correctly,” commented Piraeus Bank CEO Sergii Naumov.
As of December 31, 2017, Piraeus Bank's total assets amounted to UAH 3.061 bln, the net of provisions loan portfolio - UAH 1,786 bln, customer deposits - UAH 1.796 bln.
The amount of regulatory capital of the bank as of December 31, 2017 was 530.7 mio UAH; the standard of sufficiency of the bank is 32.28% (the minimum level is set by the NBU - 10%).
Dear customers, starting today, August 16, 2022, all cardholders of Visa cards from Piraeus Bank have the opportunity to use the Apple Pay service...
Dear customers - cardholders of Piraeus Bank cards issued to accounts in UAH, please consider the following information:...
On July 21st, 2022, the National Bank of Ukraine introduced changes on the transactions and operations carried out abroad (outside of the territory of Ukraine) on Hryvnia (UAH) cards and accounts. Those new limitations are only related to operations, carried out abroad from UAH cards and accounts, whilst foreign currency cards and accounts have not been impacted from those restrictions. In detail:
UAH12.500 equivalent in foreign currency per 7 days from the first time of withdrawal. The limit is not calculated cumulatively.
UAH80.000 equivalent per calendar month for transactions at POS terminals (physical presence of card or NFC technology on phone), purchases on the internet secured by full 3DSecure* and recurring payments**.
UAH20.000 equivalent per calendar month for the rest type of online transactions.