Poroshenko's bank boosts profit by 2.5 times

REUTERS

14:47, 01.11.2017

0 min. 28

PJSC International Investment Bank (IIB), the key owner of which is Ukrainian President Petro Poroshenko, posted UAH 78.364 million (US$2.9 million) in profit in January-September 2017, which was 2.5 times more than the figure reported over the same period a year ago, according to the bank's website.

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Since the beginning of the year, its assets have grown by 1.3%, to UAH 6.978 billion ($259.8 million), liabilities have increased by 0.1%, to UAH 6.692 billion ($249.1 million), while net worth has expanded to UAH 286.4 million ($10.7 million), the report said.

Read alsoNBU lists 36 Ukrainian banks for additional capitalization by July 11The bank said earlier that its net profit totaled UAH 42.665 million in 2016, which was 1.6 times up against 2015.

UNIAN memo. PJSC IIB has been operating on the Ukrainian market since 2008.

Poroshenko Ukraine profit liabilities

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