On December 10, 2018, the Rating Agency «Standard-Rating» (Ukraine) summarized the results of its twenty-third "Rating of reliability (attractiveness) of bank deposits», compiled on the basis of public information of the NBU and quarterly reporting of banks.
Based on the results of 9 months of work in 2018, JSC «CIB» took 17th place in the rating, confirming its positions among the market leaders.
The key balance sheet indicators of Joint-Stock Company «Commercial Industrial Bank» as of 01.10.2018 compared to 01.01.2018 demonstrated a growing trend: assets grew by 22.18%, equity grew by 5.95%. Additionally, it should be noted that as of the beginning of the fourth quarter of 2018 compared to the beginning of 2018, funds of legal entities and individuals increased by 28.26%: from UAH 461.838 million to UAH 592.371 million.
Based on the results of the first nine months of 2018, the Bank's profit amounted to UAH 10.395 million, which is 4.77 times more than the indicator for the same period of 2017. Despite the growth of administrative expenses, JSC «CIB» demonstrated profitable activity. In addition, the Agency draws attention to the fact that for 9 months of 2018 compared to the same period of 2017, the Bank was able to increase interest income by 54.53%, commission income – by 36.01%, and net interest income – by 78.79%.
Significant growth in business volumes, active dynamics of profitable work of JSC «CIB» thanks to confident actions of top management positively influenced the activity of the financial institution, which allowed consolidating the positions of Commercial Industrial Bank in the TOP-20 of the general rating of bank deposits.
