PrivatBank tentatively sees 4.8-fold rise in profit in 2015

PrivatBank, the largest commercial bank in Ukraine, saw a 4.8-fold profit rise in 2015 to UAH 230 million, according to audited data.

Total assets for PrivatBank increased by 21.6 percent in 2015 to UAH 258.686 billion. Cash more than doubled to UAH 29.631 billion; non-current liabilities increased by 29.5 percent to UAH 159.5 billion; and current liabilities by 27.8 percent to UAH 58.625 billion.

PrivatBank‘s net worth increased 12.9 percent to UAH 27.656 billion, including a 17.4 percent increase of charter capital to UAH 21.257 billion.

PrivatBank decreased the number of employees by 2,983 to 20,936 people over the last year.

PrivatBank is holding a general meeting of its shareholders later in April.

PrivatBank was founded in 1992. Its largest
shareholders were Hennadiy Boholiubov and Ihor Kolomoisky as of January 1, 2016. The bank ranked first among the 123 operating banks in the country as of October 1, 2015, in terms of total assets worth UAH 241.809 billion, according to the National Bank of Ukraine.