Mastercard loyalty program
Gift catalog Mastercard
Online chat
Online consultant
The expectations of the operator...
Online consultant

Credit Agricole Ukraine achieved in 1H 2016 a Net Result of UAH 316 million, in increase by UAH 67 million as compared to 1H 2015*

29 July 2016

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:

  • Net banking Income (NBI) is stable. Good commissions and other revenues balanced the decrease of net interest income, showing the ability of the bank to diversify its sources of revenues.
  • Net interest income (NII) for the first half of 2016 decreased by 10% as compared to the first half of 2015 on lower interest rates on asset side: credits and NBU CDs.
  • Net commission income increased by UAH 27 million or by 11% in 1H 2016 vs 1H 2015 on higher commissions on cash and settlement and insurance services. Moreover, bank managed to compensate lower FX commission linked to specific features of 1H 2015 FX market.
  • Other NBI increased by UAH 90 million or by 75% in 1H 2016 compared to 1H 2015 mainly due to the operations with forward deals and absence of the significant negative effect of OCP revaluation which took place in 2015.
  • Administrative expenses increased by UAH 55 million as compared to 1H 2015. CAU continued to increase the salaries of its employees (+5% vs 1H 2015). The bank launched a few investment projects in 2016, out of which digitalization ones.
  • Decreased Cost of Risk (+UAH 125 million vs 1H 2015) reflects the improvement of the environment. CAU maintained however its conservative provisioning policy, reflected by the increase from 71% to 77% of the coverage ratio of non-performing credit exposure.

Other significant information on CAU’s financials:

  • Regulatory capital adequacy ratio (N2) as of the end of June 2016 reached 17.84%, far above the regulatory level of 10%. General Shareholders’ Meeting of August 29th is expected to approve the distribution of dividends for the year 2015. CAU will be this year one of the few banks able to distribute dividends to its shareholders.

Annex 1
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:

Contact center Credit Agricole
0 800 30 5555 Free