Throughout 2015, «Commercial Industrial Bank» demonstrated significant growth indicators both in terms of basic financial parameters and in the development of infrastructure.
ComInBank's net profit for 2015 amounted to UAH 13.7 million, while the bank's net profit for 2014 was UAH 0.751 million. It is worth noting that the financial result of the banking system as a whole was minus 25.74%.
«A systemic approach to managing banking processes, maintaining a sufficient level of liquid assets, a well-diversified resource position, as well as the implementation of effective risk management mechanisms allowed us to end 2015 with high profit» — comments the Chairman of the Management Board of the Bank, Vadym Berezovyk.
The bank's assets for the year increased almost twofold and as of 01.01.2016 amounted to UAH 273 million. Unlike the banking sector of Ukraine, which showed for the results of 2015 a reduction in assets by 4.10% and minus 1.55% in liabilities compared to the previous period, the Bank's liabilities grew 6.7 times and amounted to UAH 121 million.
Reserves for covering risks on all types of active operations as of 01.01.2016 were formed in the amount of UAH 5.5 million. Capital adequacy amounted to 47.7% (with a norm of not less than 10%), return on assets amounts to 7.19%; return on capital, accordingly, 10.40%.
The bank services over 4 thousand current, deposit, and card accounts of individual clients. In 2015, the Bank intensified servicing of individual clients, offering them a whole range of banking products: an updated deposit line, payment and credit cards.
The Bank made a very significant leap in the development of its infrastructure. During 2015, 18 banking branches were opened, which covers practically all strategically important regions of Ukraine. The bank's plans for 2016 include opening another 20 branches.
