26 January 2012, Thursday
First Ukrainian International Bank (FUIB) announces its 2011 performance results under Ukrainian National Accounting Standards.
The net profit for 2011 of UAH 268.2 million is 14.3% up versus 2010.
The net interest income for 2011 of UAH 1.476 billion is 48.8% up versus 2010; the net fee and commission income of UAH 313.172 million, 44.9% up.
Over the reporting year the assets grew by 92.6% to UAH 34.866 billion. The loan portfolio is up by 44.6% to UAH 19.695 billion (corporate loans, up by 41.6% to UAH 14.543 billion; retail loans, up by 53.7% to UAH 5.152 billion).
At 01 January 2011 the LLP is UAH 4.121 million or 20.92% of impaired loans (01.01.2011: UAH 3.010 billion, 22.10%).
Over 2011 the liabilities grew by 102.2% to UAH 30.836 billion. The corporate accounts are up by 295.9% to UAH 11.464 billion; the retail accounts, up by 69.0% to UAH 8.629 billion. The equity is up by 41.3% to UAH 4.030 billion.
“Despite the challenging business environment in 2011 FUIB managed to strengthen its market position. The Bank significantly enhanced its performance and secured its place in TOP 10 Ukrainian banks as No 9 by assets. Over the year the Bank grew both organically (through business growth and new product and service propositions) and inorganically through the consolidation with Dongorbank. Consistently strengthening our performance indicators we outperformed the FUIB’s profit for 2010 and enhanced its quality. The Bank’s present achievements confirm that FUIB is successfully implementing its strategy towards the goal – FUIB among TOP 5 Ukrainian banks”, says Konstantin Vaysman, Chairman of the Management Board.
