For the first half of 2018 PrivatBank’s net profit amounted to almost 7 billion UAH. This was reported by the press service of the financial institution.
In the second quarter of 2018, net fee and Commission income of PrivatBank increased by 15% (to 505 million UAH). Net interest income increased by 16% (528 million UAH).
According to the development strategy of PrivatBank, in 2022 it needs to obtain 8.4 billion UAH of net profit. Total income for the shareholder for the five years from 2018 to 2022 will be $ 81 billion. This is without considering the money that PrivatBank plans to return through the courts.
According to the government plan, the government plans to completely withdraw from the capital of PrivatBank in 2022.
Last year PrivatBank has become the most unprofitable Bank. Loss, according to statistics of the national Bank amounted to 23 billion.
We will remind, in the beginning of 2018 PrivatBank received a new head. They became Peter Krumhansl, who has previously worked in Raiffeisen Bank Aval, and also in a number of foreign companies.