OREANDA-NEWS. July 01, 2014. MEGABANK summarized results of its performance for 5 months of 2014. As of 1 June the Bank's net assets amounted to UAH 6,054 million they have rose by UAH 616 million or 11% from the beginning of the year.

A major factor of assets growth was increase of loan portfolio by UAH 695 million or 15%.

The bank's equity at the balance sheet date amounted to UAH 692 million, an increase from the beginning of the year – UAH 16 million or 2%. Customers’ funds on demand totaled UAH 1,186 million. Since the beginning of the year, they have risen by UAH 43 million or 4%. Moreover, both margin and spread increased by 0.5 percentage points and amounted to 3.72% as of June 1 and 3%, respectively.

Profit for 5 months in 2014 amounted to UAH 14,491 thousand which is seven times higher than result of the last year.

Reference. MEGABANK, PJSC has been operating on the banking market since 1990. European Bank for Reconstruction and Development (EBRD), German Development bank KfW and International Finance Corporation (IFC) are in the membership of shareholders of MEGABANK, PJSC.

The regional network of MEGABANK, PJSC includes 155 units in 20 regions of Ukraine.

MEGABANK provides a full range of classical banking services used by 526,000 customers including 142,000 recipients of pensions and other social payments.