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.
More Stories
- EUROPEAN INVESTMENT BANK: Bosnia and Herzegovina: EIB provides €340 million to advance works on northern part of Corridor Vc
- ABN AMRO SERVICES COMPANY: Fempower Your Growth: like tindering with female entrepreneurs
- EUROPEAN INVESTMENT BANK: Egypt: Team Europe - EIB and Banque Misr work together to support private businesses and speed up the recovery of SMEs from COVID-19
- ASIAN DEVELOPMENT BANK: ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
- ASIAN DEVELOPMENT BANK: $123 Million ADB Loan to Help Build Elevated Walkways in Manila
- EUROPEAN INVESTMENT BANK: Germany: EIB provides €15 million of funding to IDnow
- ASIAN DEVELOPMENT BANK: CAREC Endorses Long-Term Strategy to Promote Safe, Sustainable, and Inclusive Tourism
- EUROPEAN INVESTMENT BANK: EIB Group provides €150 million to support artificial intelligence companies
- ASIAN DEVELOPMENT BANK: ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India
- EUROPEAN INVESTMENT BANK: Greece: EIB backs EUR 470 million road safety scheme