OREANDA-NEWS. November 25, 2011. FIRST UKRAINIAN INTERNATIONAL BANK announces its performance results for 9 months of 2011 under International Financial Reporting Standards (IFRS).

FUIB’s performance highlights for the period ended 30 September 2011 versus 9M2010 are as follows:

• Net Profit up by 35.7% to USD 47.9 million

• Net Assets up by 44.3% to 3.22 billion;

• Gross Loan Portfolio up by 41.8% to 2.4 billion;

• Customer Accounts up by 95.0% to USD 2.0 billion;

• Equity up by 52.5% to USD 673.0 million.

Efficiency Ratios:

• Return on Assets (ROA) stable at – 2.3%;

• Return on Equity (ROE) up to 12.5% (30 September 2011: 12.0%).

Structural Ratios:

• Net Loan Portfolio/Deposits down to 95.7% (30 September 2011: 131.6%);

• Liquid Assets/Net Assets stable at 22.0%.

Asset Quality Ratios:

• NPL/Loan Portfolio down to 24.2% (30 September 2011: 25.4%);

• Provisions/Loan Portfolio stable at 17.8%;

• Provisions/NPL up to 73.2% (30 September 2011: 69.2%).

Capital Adequacy Ratios:

• CAR (Basel) stable at 26.2%;

• CAR (Basel) Tier 1 down to 19.9% (30 September 2011: 22.6%);

• CAR (NBU) down to 16.6% (30 September 2011: 17.8%).

The FUIB’s net profit for 9M2011 of USD 48 million is 35.7% up versus 9M2010 due to growth of the Bank’s total income against decline in OPEX and LLP recovery versus their planned increase.

At 30 September 2011 the Bank’s assets were USD 3,232.9 million. Over 9M2011 the Bank enhanced its assets quality through 1.2% decline in NPL (to 24.2%) in the gross loan portfolio. The gross loan portfolio grew by 41.8% to USD 2,376.9 million mainly through increase in the corporate loan portfolio by 46% to USD 1,811.0 million. The retail loan portfolio increased by 30% to USD 565.9 million.

Over 9M2011 FUIB continued enhancing its liabilities structure substituting the loans from foreign banks and the NBU, repaid in advance of their stated maturities, for customer accounts. The customer accounts grew by 95.0% to USD 2,042.5 million; corporate accounts more than doubled to USD 991.9 million; retail accounts grew by 72.6% to USD 1,050.6 million.

At 30 September 2011 the Bank’s equity was USD 673.0 million. The CAR (Basel) is 26.2%, which is significantly above its normative level (8%).

“As a result of the merger, FUIB enhanced its balance sheet structure, grew significantly and entered the TOP 10 Ukrainian financial institutions. Thus, we established the platform for further growth and achievement of the FUIB’s strategic goal – FUIB among the TOP 5 Ukrainian banks in 2015”, says Konstantin Vaysman, Chairman of the Management Board.