According to the Rating Agency «Standard-Rating», JSC «COMINBANK» took the 8th position in the TOP-12 banks with the most reliable deposits based on the results of 2022.
COMINBANK joined the top ten of the rating, ending 2022 with net interest income of UAH 145.142 million and a profit of UAH 191.158 million. The share of non-performing loans (NPL) in the bank's portfolio was estimated at 17.51%, which is significantly less than the average indicators for the banking system of Ukraine.
At the current moment, the bank has a strong income base, and based on the results of 2022, its activity was also steadily profitable: net commission income exceeded net interest income by 5.6 times. In addition, as of 01.01.2023, JSC «COMINBANK» formed a significant reserve of regulatory capital adequacy N2: with a norm of 10%, the bank's N2 was 19.98%.
Tetiana PUTINTSEVA, Chair of the Management Board of COMINBANK, characterized the achievement as follows:
«People trust COMINBANK. Our deposits allow you to receive income up to 18.75% per annum in hryvnia. This is one of the prerequisites thanks to which in 2022 we were able not only to retain depositors, but also to attract new ones. Every month we attracted UAH 60-80 million of deposits from individuals, and more than half of them were new depositors. About 70% of our clients place deposits in the national currency».
The agency reported that they look to the future with optimism and believe that the banking system of Ukraine will confidently pass through the crisis caused by the war thanks to state banks and banks with foreign capital.
The total profit of the banking system for 2022 was equal to UAH 24.7 billion.
Link to the release from «Standard-Rating»:
