UKRGASBANK reported UAH 3.36 billion profit for the ten months of 2023

The state-owned UKRGASBANK continues to demonstrate the leading positions by key indicators among the banks, overperforming the planned budget.

The operating profit before provisioning and taxation amounted to UAH 3.78 billion, while the net profit totaled UAH 3.36 billion for the first ten months of 2023, exceeding the planned value by UAH 1.42 billion.

The Bank’s efficient performance in October allowed achieving a record operating profit before provisioning and taxation for the third consecutive month, amounting to UAH 533.6 million, with a net profit of UAH 440.2 million.

UKRGASBANK is on the list of systemically important banks in Ukraine. From the first days of the war, the Bank has been supporting critical and strategic sectors of the economy, in particular, agricultural, food, and electric power industries, actively assisting the Armed Forces of Ukraine. The Bank is among the leaders in state programs such as "Affordable Loans 5-7-9%" (investment component), the state program for the portfolio insurance of loans, and the eOselia affordable mortgage lending program.

Despite the war, the Bank continues to develop and improve its remote channels, making its products and services even more convenient and accessible to customers in Ukraine and abroad.

As a result, the number of customers trusting the state-owned bank is constantly increasing. Since the beginning of 2023, the increase in the portfolio of individuals’ funds in Hryvnia amounted to UAH 3.5 billion, while the increase in the portfolio of the legal entities’ funds in Hryvnia constituted UAH 19.9 billion.

10.11.2023