FUIB Discloses Financial Statements for 3Q 2014 According to IFRS
OREANDA-NEWS. During the first 9 months of 2014 the loss of FUIB amounted to 212 million UAH. The operating income of the bank increased to 3 billion UAH by 20% compared with Q2 2014, while the profit before provisions and tax equaled 1.9 billion UAH, having grown by 39.1% (comparing to Q2 2014).
Net assets of FUIB for Q3 2014 increased by 6.4% to 39.4 billion UAH. Gross loans portfolio increased by 5.7% and amounted to 31.8 billion UAH; The gross loans portfolio to corporate customers increased by 7.4% to 24.3 billion UAH, and the gross loans portfolio to individual customers increased by 0.5% to 7.5 billion UAH.
Customer accounts for Q3 2014 increased by 10.7% to 27.4 billion UAH. Equity of FUIB amounts to 5.4 billion UAH.
"In the 3rd quarter the banking sector suffered significant losses in connection with the forced stop of operation in the eastern regions of the country and in the Crimea. This is the unpleasant reality that must be admitted. But despite these challenges FUIB was able to increase the total income of the bank up to 3 billion UAH by 20% compared with the 2-nd quarter of 2014.Thus the profit before provisions and taxes amounted to 1.9 billion UAH, increasing by 39.1% compared with the 2-nd quarter of 2014. However the provision increased significantly", stated Serhiy Chernenko, Chairman of the Board of FUIB.
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