`Ukrgasbank’s Profit for the Year 2017 Amounted to UAH 624 Million`- Kyrylo Shevchenko

Following the results of its activity in 2017, the profit of Ukrgasbank amounted to UAH 624 million, which is nearly 20% higher than the target figure, approved by the Bank's Supervisory Board.

"In the year 2015 the Bank was ranked the 17th by the assets and held market share of less than 2%, now we are the fourth among the largest Ukrainian banks with the market share of more than 6%. To achieve this result we have done a really great job of transforming the Bank. And when one changes for the better, it brings the results. From the beginning of the year 2015, Ukrgasbank was the only one among state-owned banks that did not need to be recapitalized. For the last three years we have not been funded by the government. Our only source of capital growth is the profit, which is growing dynamically for three years in a row," - said Kyrylo Shevchenko, CEO of Ukrgasbank.