TOP FIVE LARGEST BANKS IN UKRAINE ADDS TO ASSETS IN Q1 2017

TOP FIVE LARGEST BANKS IN UKRAINE ADDS TO ASSETS IN Q1 2017

PrivatBank, Oschadbank, Ukreximbank, Ukrgasbank and Raiffeisen Bank Aval (all based in Kyiv) boosted their assets by 3-18.2% in January-March 2017 and improved their leading position on the market. Their total share of the market in terms of assets grew to 61.2% from 55.9%.

According to the NBU, Ukrgasbank increased its assets by 18.2%, to UAH 63.732 billion, being ahead of Raiffeisen Bank Aval that increased its assets by 3%, to UAH 57.684 billion.

PrivatBank increased assets by 8.5%, to UAH 237.252 billion, Oschadbank – by 7.4%, to UAH 226.906 billion and Ukreximbank – by 3.3%, to UAH 165.645 billion.

In general, the share of state-owned banks of total assets grew to 56.5% from 51.4% as of late 2016.

In terms of assets First Ukrainian International Bank (FUIB) and TAScombank (both based in Kyiv) climbed up. The two banks climbed two positions up. FUIB decreased its assets by 2.1%, to UAH 43.628 billion and TAScombank increased its assets by 13.5%, to UAH 9.224 billion.

Prominvestbank (Kyiv) reduced its assets by 25.4%, to UAH 25.606 billion, and fell two positions down.

Other banks with Russian capital from the top ten also showed a decline in their assets: Sberbank cut its assets by 11.2%, to UAH 42.873 billion, VTB Bank (both based in Kyiv) – by 17.2%, to UAH 17.095 billion and VS Bank (Lviv) – by 7.9%, to UAH 3.602 billion.