Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Saturday, November 18, 2017

PrivatBank contributes more than $213 million to national budget

PrivatBank, the largest bank in Ukraine, paid more than $213,115,000 in taxes during the first nine months of 2013 to the national budget, comparable to the annual budgets of such Ukrainian cities as Luhansk and Ternopil combined.

Privat's contribution to the budget during the first three quarters increased by 30 percent, nearly equal to the amount of its 2012 tax deductions, which amounted to $224,588,644.

Tax revenues from bank employees totaled $244 million, while payments to social funds exceeded $638 million.

The bank serves more than 13 million individuals and 305,000 corporate clients. It has a regional network of 3,379 branches and officer, more than 8,200 ATMs and 9,840 self-service terminals.

PrivatBank is headquartered in Dnipropetrovsk in central Ukraine. In May, it was named the best bank in Ukraine for 2013 by Global Finance magazine, while The Banker magazine named it the best bank in Ukraine for 2012.