Ukrgasbank reports UAH 688m profit, exceeds annual target

In the first 11 months of 2018, the net profit of Ukrgasbank amounted to UAH 688m, which has already exceeded its annual target.

The bank continues to work with corporate clients, small and medium-sized businesses, and strives to continuously improve its performance in these segments. Ukrgasbank’s unique business model allowed to increase loan portfolios and customer base in all the sectors where it operates.

Ukrgasbank was named one of the three best employers in Ukraine in the Banks and Finance category, according to a recent rating of the Ukrainian employers in the 10 sectors of the economy that are the biggest contributors to gross domestic product.

Ukrgasbank is also the only state-owned bank in the Top-5 most stable banks of Ukraine, according to a recent expert survey.

The Ukrainian government owns 94.94% of Ukrgasbank. Since 2015, Ukrgasbank is on the list of state-owned objects that are of strategic importance to the state's economy and security. Ukrgasbank’s net profit for the first 10 months of 2018 amounted to UAH 538m, which was almost 20% higher than the bank’s target.

11.12.2018