On June 3, 2019, the Rating Agency «Standard-Rating» (Ukraine) summarized the results of its twenty-fifth «Rating of reliability (attractiveness) of bank deposits». Based on the results of 3 months of work in 2019, JSC «CIB» took 19th place in the rating, confirming its positions among the market leaders.
The results of the first quarter of 2019 for the banking system of Ukraine continued the tradition of indicative growth. The total volume of banks' profit after taxation for the first quarter of 2019 amounted to almost UAH 12.9 billion, the volume of net interest income exceeded UAH 19.54 billion, and net commission income - UAH 9.99 billion. Banks have not only firmly entered the profitable track, but also the most profitable of them - banks with foreign capital - have started paying dividends to shareholders and gradually become an attractive segment for investment. The provided facts indicate that Ukrainian banks have left crisis phenomena far behind, and provided macrostability is ensured, already in 2019 new foreign players may appear on the country's banking market for the first time since 2013.
We remind you that based on the results of the first quarter of 2019, the key balance sheet indicators of Joint-Stock Company «Commercial Industrial Bank» demonstrated good growth rates, in particular:
assets grew by 3.10%; the volume of loans and clients' debt grew by 27.65%; liabilities increased by 3.89%; equity grew by 0.08%.
In the first quarter of 2019, the Bank grew the resource base by attracting funds of individuals, the volume of which during the period from 01.01.2019 to 01.04.2019 grew by 15.51% or by UAH 64.607 million.
The liquidity ratios of JSC «CIB» showed quite high values, which testifies to the good level of provision of the Bank with liquidity. As of the beginning of the first quarter of 2019, all three liquidity ratios of JSC «CIB» with a large margin exceeded the limit values set by the NBU, and N4 and N5 exceeded the average market indicators by 104.2 p.p. and 10.06 p.p., respectively.
We also draw attention to the positive dynamics of the Bank's interest income, the volume of which based on the results of the first quarter of 2019 compared to the first quarter of 2018 grew by 75.12% and amounted to UAH 41.488 million, and net interest income grew by 50.78% and amounted to UAH 20.709 million.
Thus, during the first quarter of 2019, JSC «CIB» continued to grow business activity: the Bank increased the resource base, the loan portfolio, and demonstrated the growth of the volume of interest income. The activity of JSC «CIB» remained profitable, the Bank continues to demonstrate the ability to grow revenues and generate profit, while maintaining a liquidity margin at a high level.
