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You're reading: NBU: Number of unprofitable banks in Ukraine rises to 19

The number of unprofitable banks in Ukraine in Q2, 2012 grew to 19, or to 11% of the total number of operating credit and financial institutions in the country, the National Bank of Ukraine (NBU) has reported on its Web site. 

According to the report, in January-June 2012 the total losses of the unprofitable banks came to UAH 1.489 billion.

As reported, in the first quarter of 2012, 15 banks or 9% of their total number saw losses.

The central bank also said that in the second quarter of 2012 the consolidated net loss of the Ukrainian banking system came to Hr 172.8 million, while in the first quarter of 2012 a net profit of Hr 1.725 billion was registered.

The banks saw a consolidated net profit of Hr 1.552 billion in H1, 2012, while year-over-year the net loss came to Hr 1.062 billion.

According to the NBU, VAB Bank (Hr 383.99 million net loss), Bank Basis (a net loss of Hr 323.449 million with own capital in deficit over Hr 216 million) and Swedbank (a net loss of Hr 188.412 million) saw the largest loss among all banks in the country.

PrivatBank Bank saw the largest profit (the largest indicator for the whole banking system – Hr 590.386 million), as well as VTB Bank (Hr 382.945 million) and ING Bank Ukraine (Hr 287.254 million).

In the group of largest banks OTP Bank and Prominvestbank saw losses (Hr 38.609 million and Hr 9.609 million respectively), while PrivatBank, VTB Bank and Oschadbank (Hr 228.414 million) saw the largest net profit.

NBU also said that 35 banks, or 19.9% of their total number, as of July 1, 2012 had consolidated shareholders’ equity less than their charter capital. The difference between the charter and total shareholders’ equity in the banking system came to Hr 16.714 billion. The difference for the said 35 banks reached Hr 43.063 billion.

As of July 1, 2012, in the group of largest banks, an excess of charter capital over total shareholders’ equity was registered for seven banks worth Hr 16.303 million.

The central bank said that as of early 2012, 45 banks had the said difference worth UAH 43.492 billion, while the consolidated excess of charter capital over total shareholders’ equity in the banking system came to Hr 16.378 billion.

According to the report, the share of the 17 largest banks in H1, 2012 was 66.7% of the total assets of the banking system (66.9% as of early 2012). The share of state and government-controlled credit and financial institutions was 17.4% of the total sum of assets (17% as of early 2012).

Delta Bank showed the highest pace of growth in assets in H1, 2012 (25.1%), as well as Subsidiary Bank of Sberbank of Russia (19.6%) and Brokbusinessbank (15.8%), while the largest fall was seen for UkrSibbank (12.8%), FUIB (9.8%) and Nadra Bank (8.2%).

The NBU said that in Q2, 2012, in the group of largest banks Delta Bank climbed from 12th position to ninth, while UkrSibbank, Alfa-Bank and Nadra Bank were in the 10-12th positions. Finance and Credit Bank in April-June climbed from 14th to 13th position, Brokbusinessbank from 16th to 14th, while OTP Bank moved from 13th to 15th position and Subsidiary Bank of Sberbank of Russia from 15th to 17th. 

Net profit in the group of largest banks:

  H1, 2012 Q1, 2012 Q2, 2012 H1, 2011 Q1, 2011 Q2, 2011 Changes to H1, 2011, % Changes to Q2, 2011, %
PrivatBank 590,386 267,011 323,375 782,338 434,654 347,684 -24.54 -7.0
Oschadbank 228,414 178,304 50,110 247,410 126,607 120,803 -7.7 A fall of 2.4 times
Ukreximbank 44,085 20,174 23,911 36,799 17,130 19,669 19.8 21.6
Raiffeisen Bank Aval 16,045 10,609 5,436 14,808 1,536 13,272 8.4 A fall of 2.4 times
Prominvestbank -9,609 3,616 -13,225 3,608 -48,674 52,282
Ukrsotsbank 4,473 2,834 1,639 5,161 1,901 3,260 -13.3 -49.7
VTB Bank 382,945 585,211 -202,266 373,037 117,493 255,544 2.7
FUIB 127,998 38,829 89,169 100,543 8,436 92,107 27.3 -3.2
Delta Bank 37,962 12,042 25,920 39,526 9,457 30,069 -4.0 -13.8
UkrSibbank 52,181 34,477 17,704 -558,965 -170,598 -388,367
Alfa-bank 25,508 15,088 10,420 7,290 2,427 4,863 A rise of 3.5 times A rise of 2.1 times
Nadra 531 285 246 405 140 265 31.1 -7.2
Finance and Credit Bank 979 35 944 2,817 65,092 -62,275 A fall of 2.9 times
Brokbusinessbank 3,392 2,065 1,327 24,313 12,470 11,843 A fall of 7.2 times A fall of 8.9 times
OTP Bank -38,609 6,256 -44,865 379,819 269,506 110,313
Ukrgasbank 182,482 94,461 88,021 6,670 3,188 3,482 A rise of 27.4 times A rise of 25.3 times
Sberbank of Russia 174,410 77,715 96,695 93,934 56,996 36,938 85.7 A rise of 2.6 times

© Source: NBU, calculations by Interfax-Ukraine

Charter capital and equity capital of banks (UAH, thousand):

  January 1, 2012 July 1, 2012 Change, %
Charter capital 171,864,665 180,489,689 5,02
Equity capital 155,486,926 163,775,906 5,33
Total difference for the banking system 16,377,739 16,713,783 2,05
Number of banks with equity capital less than charter capital 45 35 -22,22
The difference for banks with equity capital less than charter capital 43,491,621 43,062,925 -0,99

© Source: NBU, calculations by Interfax-Ukraine

Assets of Ukrainian banks (UAH, thousand):

  July 1, 2012 January 1, 2012 Change, %
Total assets 1,104,395,259 1,054,272,287 4.75
Assets of state banks 192,604,577, 178,945,632 7.63
Assets of largest banks 736,893,829, 705,448,994 4.46

© Source: NBU, calculations by Interfax-Ukraine

Assets of banks from the group of largest banks (UAH, thousand):

  July 1, 2012 April 1, 2012 January 1, 2012 Changes for Q2 Changes for H1
PrivatBank 161,739,955, 153,655,075 145,118,473 5.26 11.45
Oschadbank 84,732,833, 78,417,616 73,968,478 8.05 14.55
Ukreximbank 75,542,572, 72,850,630 75,103,435 3.70 0.58
Raiffeisen Bank Aval 47,477,954, 50,802,840 51,347,408 -6.54 -7.54
Prominvestbank 40,998,166, 40,462,943 38,160,931 1.32 7.43
Ukrsotsbank 39,994,087, 40,392,565 40,206,926 -0.99 -0.53
VTB Bank 38,170,022, 35,394,447 37,067,206 7.84 2.98
FUIB 31,459,178, 31,638,762 34,866,052 -0.57 -9.77
Delta Bank 29,043,915, 24,527,623 23,216,416 18.41 25.10
UkrSibbank 28,648,395, 29,860,663 32,868,231 -4.06 -12.84
Alfa-bank 27,942,205, 27,646,260 27,964,574 1.07 -0.08
Nadra 24,544,326, 25,950,788 26,739,232 -5.42 -8.21
Finance and Credit Bank 22,188,474, 23,026,192 22,006,642 -3.64 0.83
Brokbusinessbank 21,929,824, 20,200,680 18,940,271 8.56 15.78
OTP Bank 21,331,719, 23,401,389 22,784,720 -8.84 -6.38
Ukrgasbank 20,897,553, 19,407,119 18,157,477 7.68 15.09
Sberbank of Russia 20,252,649, 20,206,434 16,932,522 0.23 19.61

© Source: NBU, calculations by Interfax-Ukraine

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