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Russian Sberbank's Ukrainian-based subsidiary, which ranks 6th among Ukrainian banks in terms of assets, received UAH 44.306 million, or US$1.67 million, in profit in the first quarter of 2017, which was 16.6% down year-over-year, according to the bank's website.
Since the beginning of the year, its assets have decreased by 11.2%, to UAH 42.873 billion, liabilities shrank by 12.2%, to UAH 39.196 billion, while the equity grew by 1.2%, to UAH 3.677 billion.
UNIAN memo. Russian Sberbank's subsidiary has been operating in Ukraine since 2001, being one of the largest financial institutions in terms of assets.
Read alsoNBU names buyer of Russian Sberbank’s subsidiary in UkraineAs UNIAN reported earlier, on March 16, President of Ukraine Petro Poroshenko signed a decree bringing into effect the NSDC decision on imposing sanctions for a one-year period in respect of subsidiaries of Russian state-owned banks, namely Sberbank, VS Bank, Prominvestbank, VTB Bank, and BM Bank. The sanctions prohibit any financial transactions involving the transfer of funds to parent banks. However, they do not affect the payments through these banks for Ukrainians and not prevent additional capitalization and sale of the financial institutions.