According to the financial institution's quarterly report, the bank's net profit for the results of the first quarter of 2015 amounted to UAH 4 million 700 thousand. The result was formed mainly through the conduct of active operations. Thus, the share of interest income in the overall income structure was 75%.
According to Vadym Berezovyk, Acting Chairman of the Management Board of the «Commercial Industrial Bank», the financial institution's profit will be directed to the additional capitalization of the bank. In addition to its own profit, the bank intends to attract shareholder funds into the capital.
«We will definitely build up the bank's capital, despite the fact that we fulfill the NBU's requirements regarding the level of regulatory capital with a reserve, and as regards the N2 ratio (capital adequacy) we exceed the regulator's requirements almost 9 times. Based on the results of the first quarter, N2 at our bank was 89%, while the National Bank requires not less than 10%. Additional capitalization for us is not only and not so much a question of meeting the regulator's requirements as it is our development philosophy. We intend to develop innovative services on the market and offer our clients modern and convenient banking products, which requires significant investments. At the same time, we have clearly determined for ourselves that the investors in such projects should be not the bank's depositors, but the shareholders. I will not talk about exact figures for 2015, since we are now working on the final formation of the development strategy», — stated Vadym Berezovyk.
The «Commercial Industrial Bank» ended 2014 with a financial result of UAH 790 thousand. As of the end of the first quarter of 2015, the authorized capital of JSC «CIB» amounted to UAH 112.417 million. The bank's assets amounted to UAH 149.277 million.
