The volume of liabilities of JSC "COMINBANK" increased by 83% during the wartime period

The total liabilities of JSC "COMINBANK" increased by 83% (UAH 3,872.1 million) for the period from 01.01.2022 to 01.01.2024.

This indicator, despite the full-scale war, is a confirmation of the reliable and stable operation of the bank, which celebrated its 30th anniversary last December.

The increase in liabilities was mainly due to the organic development of the financial institution: expansion of the branch network (an increase of 87%), increase in corporate clients and attraction of new depositors.

In particular, during this period, the bank recorded a significant increase in the number of new accounts opened for legal entities, as well as in the balances on these accounts. Accordingly, the savings ratio did not exceed 31%. The facts indicate that COMINBANK remains a universal bank with an effective focus on the legal entities segment.

At the same time, the increase in the number of retail depositors for 9 months of 2023 was 16.1% ("plus" 5,691 new customers from the data as of 01.01.2023). According to the NBU, COMINBANK's total assets as of 01.12.2023 amounted to UAH 9.1 billion, and net profit as of that date was UAH 94.4 million.

Tatiana Putintseva, Chairman of the Management Board of COMINBANK:
"The war has changed everything. Everything except our determination and intention to continue developing. During the full-scale invasion, Cominbank's network grew by 22 branches, and the bank's staff increased by 19% in 2022 and by 22% last year.  We are keeping up the pace and forecast an increase of at least another 20% in 2024.
Accordingly, we expect that the upward trend in liabilities at JSC "COMINBANK" will also continue.
These figures show that the bank, which has strong 30-year roots, has become an even more reliable financial institution today, focused on quality services and helping the country and the army. We worked on the strategic plan, which has yielded excellent results, together with our British shareholder Stephen Paul Pinter, who recently visited Kyiv and personally congratulated the team on its 30th anniversary."

Most often, Ukrainians chose the deposit "Maximum income" with a yield of up to 18.25% per annum in hryvnia. The "Favourable rate" conversion deposit was also in the top of the customer's attention.

* for the period from 01.01.2022 to 01.01.2024