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According to interim financial statements data, Credit Agricole Ukraine (CAU) reached in 1H 2016 a positive net profit of UAH 316 million, showing an increase by UAH 67 million as compared to 1H 2015.
This result has been achieved on stable revenues and declining risk charges. CAU’s Net banking Income (NBI) stayed almost at the same level in 1H 2016 as compared to 1H 2015 (+1%) despite the decrease of interest rates and Fx spreads. Growth of expenses reflects the increase of salaries and investment in new projects, out of which digitalization ones. Risk charges decreased – from their high levels of the first semester 2015 – by 19% or UAH 125 million.
These figures confirm the resilience of CAU business model and its ability to generate regular high positive net results.
Short overview of CAU’s Income Statement:
Other significant information on CAU’s financials:
Short Income Statement
(in UAH million)
*CAU’s Interim Financial Statements are elaborated according to IFRS. Additionally, the detailed quarterly financial statements will be published on the bank's website.
About the Bank:
PJSC «CREDIT AGRICOLE BANK» is a modern universal bank owned by the leading financial group in Europe – Credit Agricole Group (France). The Group is a major partner of the French economy and one of the largest banking groups in Europe. It is a leading retail bank in Europe, having the largest portfolio of assets under management, being first in the field of bank insurance and third - in project financing in Europe. CREDIT AGRICOLE has been operating in the financial market of Ukraine since 1993 and renders the entire range of banking services to private individuals, including VIP clients, and business. The Bank pays special attention to cooperation with agricultural enterprises. Reliability and business reputation of CREDIT AGRICOLE in Ukraine is confirmed by the highest possible FITCH ratings, leading positions in bank sustainability, bank deposit reliability and bank profitability rankings, as well as by 442 000 private and 35 000 corporate customers, including representatives of small and medium business, large Ukrainian companies and international corporations.
Viktoriia Torianyk, Head of PR and corporate communications Credit Agricole Bank
Phone: +38 044 581 07 45, email: Viktoriia.Torianyk@credit-agricole.ua