OREANDA-NEWS. On November 12, 2008 Megabank reported 9-month results of YE2008, reported the press-centre of Megabank.

Net assets have a 9-month increase to UAH 2.714 bln. The increase as of the reporting period is UAH 704 mln. or 35% versus 25% average of the banking sector.

Loan portfolio as of 1 October 2008 is UAH 2.124 bln. As of the reporting period it is up UAH 784 mln. or 59% versus 30% average of the market. Retail loan portfolio is a total of UAH 564 mln. as of the reporting date with a 9-month increase by UAH 149 mln. or 36%, versus 30% average of the banking sector. The growth rate of the corporate loan portfolio is 16 pp up as of the reporting year against the previous period. During 9 months, it increased by UAH 635 mln. or 69% to UAH 1.560 mln as of the reporting date.

Resource base for three quarters of YE2008 was mainly raised from customer money, which is 75% of the Bank's liabilities, incl. 46% from retail and 29% from corporate. As of the reporting date interbank share within the liability structure is 2%. As of 1.10.2008 term retail funds are UAH 971 mln. For 3 quarters retail deposit increased by UAH 291 mln. or 43% versus 8-month increase of 24% of the industry. As of the reporting date timely corporate funds are UAH 465 mln. a three-quarter increase of UAH 49 mln. or 12%.

Equity is UAH 333 mln. as of the reporting date. It increased by UAH 12 mln since the beginning 2008.

In 2008, the Bank reports significant expansion of its client base. It has been extended by 130 thousand accounts or 25%. As of 1.10.2008 Megabank has served 648 thousand accounts, corporate and retail, either in foreign or local currency.

The Bank is well trusted by such most stable clients as retirees and allowance recipients. For the reporting period, 15 thousand clients of this category have been attracted. In general, as at 1.10.2008 75 thousand retirees and allowance recipients are served. For the reporting period, a total of UAH 204 mln. have been deposited at their accounts, which show double increase vs. same period of the previous year.

With regard to cards, it should be mentioned that the Bank enjoyed VISA membership. As of the reporting date 189 thousand cards have been issued (179 thousand domestic cards, and 10 thousand international cards), incl. – 32 thousand cards have been issued in the current year. As of 1 October 2008 the infrastructure includes 96 ATMs and 296 POSs. The Bank reports UAH 517 mln transferred under pay-roll projects.

The Bank reports profit of UAH 20.9 mln., which is UAH 4.9 mln. or 31 % more vs. previous reporting period.

Branch networtking. As of 1.10.2008 the Bank reports 191 registered branches, incl. 3 branches with an independent balance, 187 branches, incl. 20 Central Regional Branches and Representative Office. The branch network covers 25 regions of Ukraine.