Based on the results of the first 9 months of 2019, the profit of JSC «CIB» amounted to UAH 13.191 million, which is 26.90% more than the Bank's profit for the same period of 2018. At the same time, all key revenue items of the Bank demonstrated high growth rates. Thus, in the 9 months of 2019 compared to the same period of 2018, the interest income of JSC «CIB» grew by 72.54% and amounted to UAH 135.684 million, net interest income increased by 42.48% and amounted to UAH 68.180 million, and commission income grew by 69.89% and amounted to UAH 62.445 million.
During the specified time, the key balance sheet indicators of Joint-Stock Company «Commercial Industrial Bank», compared to the beginning of the year, demonstrated the following growth rates:
assets grew by 9.44%; equity showed growth of 5.03%.
The key components of the Bank's resource base demonstrated positive dynamics. Thus, during the period from 31.12.2018 to 30.09.2019, funds of individuals grew by 15.52%, and the volume of funds of legal entities increased by 0.22%. JSC «CIB» continues to actively cooperate with the United Nations Development Programme (UNDP) in the sphere of financing energy efficiency and renewable energy programs.
The values of the liquidity norms of JSC «CIB» indicate that as of 01.10.2019, the Bank was very well provided with liquidity. All three liquidity norms of the Bank with a margin exceeded the limit values set by the NBU. Thus, the norm of the liquidity coverage ratio in all currencies (LCRall) was almost three times higher than the limit level, and the norm of the liquidity coverage ratio in foreign currency (LCRfx) was 5.9 times higher than the limit value set by the NBU, which indicates that the Bank has formed a substantial liquidity margin to cover the net expected outflow of monetary funds during 30 calendar days taking into account the stress scenario.
During the first 9 months of 2019, JSC «CIB» maintained a good level of business activity, which is testified by the dynamics of the key balance sheet indicators; in particular, the Bank showed a substantial increase in funds of individuals and volumes of the loan portfolio. The Bank continues to stably generate and grow revenues and profit, and at the same time maintains a high level of the regulatory capital adequacy ratio and a substantial margin under liquidity ratios.
