Interest income 29 38
Epstein Suite indexes the text; the original document lives at its official source. We don't host the original file — view it on the official release to read it in full.
View the original on the official releasePeople & organizations named in this document
Being named here is not an accusation of wrongdoing.
Document text
Text is machine OCR and may contain errors. Confirm against the original source above.
Ukrsibbank
Q1 2017 Q1 2016
Interest income 29 38
Interest expense -6 -14
Net interest income 23 24
Net commission income 12 10
Trading & other income 3 7
Employee costs -10 9
Depreciation -1 “1
Administrative and other -6 -6
operating costs
Other provisions 0 0
General & Admin. -18 -16
Expenses
Pre Provision Income 20 25
Provision for loan 9 -56
impairment
Profit before tax 11 -31
Income tax expense -2 -0
Net profit 8 -31
Please see summary of 2016 audited financial statements for Ukrsib, Ukrgas
and Raiffeisen as well as their 1Q17 statements in Appendix I.
The bank is overcapitalised at 21.37% CAD mainly due to subordinated debt
provided by EBRD in USD during the years of crisis. About EUR 135 million
were outstanding at 1.5% (1Q17: EUR 104 million) with their contribution to
regulatory capital being EUR 73 million which is equivalent to 7.51% CAD
ratio. The minimum CAD required by NBU is 10%. 71% of the subordinated is
due to be repaid in 2019.
16
HOUSE_OVERSIGHT_026149
Have a question about what this document contains?
Ask the documents