Consolidated profit of PrivatBank for 2015 totaled UAH 275 mln

According to PrivatBank’s audited consolidated annual report published on the bank’s website, the consolidated profit of PrivatBank for 2015 grew by 11.4% compared to 2014 and totaled UAH 275 mln.

As per the financial statements prepared under International Financial Reporting Standards and audited by PricewaterhouseCoopers (PwC), one of the world’s leading auditing companies, the capital of PrivatBank Group as of the end of 2015 amounts UAH 29,045 mln, and assets total UAH 247,934 mln. The bank’s capital adequacy ratio (CAR) according to Basel requirements improved from 13.7% up to 14.9% in 2015 and PrivatBank’s CAR according to the regulatory requirements of the National Bank of Ukraine was 11% (with the mandatory minimum of 10%).

PrivatBank is the leader of the Ukrainian market. According to the GFK Ukraine research of banking services for individuals, as of the end of 4Q2015 48.4% of customers of Ukrainian banks used PrivatBank services and more than every third Ukrainian (39.3% of respondents) considered PrivatBank their major bank. The research showed 42.6% of Ukrainian corporates use the services of PrivatBank.