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» show 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.
Joint-Stock Company «Commercial Industrial Bank» has started cooperation with the United Nations Development Programme (UNDP) in the sphere of financing energy efficiency and renewable energy programs. The corresponding Memorandum was signed on January 14, 2019.
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.
