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According to preliminary financial statements data elaborated in compliance with IFRS standards, Credit Agricole Ukraine (CAU) reached in 2015 a positive net profit of UAH 441 million, showing an increase by 186% as compared to 2014.
This result has been achieved on higher revenues. CAU’s Net banking Income (NBI) increased by 37% (or by UAH 745 million) in 2015 despite a difficult economic environment in Ukraine and the negative effects of the depreciation of the local currency.
These figures confirm the resilience of CAU business model and its ability to generate high positive net results in challenging economic conditions. The bank strengthened in 2015 its liquidity and capital positions.
Short overview of CAU’s Income Statement:
Other significant information on CAU’s financials:
Short statement of Profit or Loss (Income Statement)
For the year ended 31 December 2015 (in UAH million)
|Gross Operating Income||1,283||1,896||613||48%|
|Cost of Risk||-1,086||-1,326||-239||22%|
|Result before taxes||197||570||373||189%|
*CAU’s preliminary financial statements are subject to audit by external auditors and approval by its Supervisory Board. An Annual auditor's report will also be published on the CAU’s website within regulatory required deadline.
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 470 000 private and 33 000 corporate customers, including representatives of small and medium business, large Ukrainian companies and international corporations.