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Friday, March 29, 2024

FUIB shows loss in net profit compared to 2013

The First Ukrainian International Bank (FUIB) posted a net profit of $5.3 million in the first nine months of 2014, the bank said on Wednesday.

This amount is down by 77.3 percent over the same time period in the previous year.

The bank posted increased net interest income and other volitile income. Net interest income jumped by 30.9 percent while trade and other volatile income climbed to $39.2 million.

In the third quarter, assets increased 8.5 percent to $2.9 billion and the overall loan portfolio increased by 25.8 percent to $2.2 billion. The corporate portion amounted to $1.8 billion and the remaining $4 billion was held by retail clients.