The National Bank assured that PrivatBank is approaching profitability

18 December 2017, 13:29 | Economy
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At the same time, the bank's work is going better than expected, and first of all it was due to a reduction in interest expenses. This opinion on Monday, December 18, said at a press conference in Kiev, the deputy head of the National Bank of Ukraine Catherine Rozhkova.

According to her, this situation today allows the bank to almost reach the zero level of profitability, since before that it was unprofitable. At the same time, she said, the improvement in PrivatBank's indicators is due to increased lending, increased revenues from loans to the population and small businesses, and a significant increase in commission income.

At the same time, Rozhkova noted that such an improvement in PrivatBank is taking place in the absence of a strategy for the development of state-owned banks, which the government is dragging out, which may be due to improving the corporate governance of the bank, including independent directors in its supervisory board, unlike other state banks.



The situation in other state-owned banks is not so optimistic, "she assured..

Recall, "PrivatBank" in January-September 2017 received a net loss of 1.604 billion hryvnia against 592 billion hryvnia net profit for the same period in 2016.

As reported URA-Inform, previously Rozhkova said that the nationalized "PrivatBank" before the intervention of the state functioned as a financial pyramid. There were no resources for the return of deposits.




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