RAIFFEISEN BANK AVAL In the 1st quarter of 2024, Raiffeisen Bank further strengthened its support of the economy, the Ukrainians and the State and has shown positive dynamics of its financial results *.
Thus, Raiffeisen Bank remains the one of the biggest lenders among Ukrainian economy. In January-March of this year, the Bank issued UAH 37.4 bln of new loans (overall UAH 226.9 bln since February, 2022) to support large companies, business customers and private individuals.
Financing of critical sectors of the economy - agriculture, retail trade, fuel suppliers and pharmaceutical companies - remained top priority for the Bank with UAH 23.7 bln of new loans in Q1 2024. Raiffeisen Bank issued UAH 10.3 bln of new loans to support the sowing campaign and cover other needs of agri companies, maintaining its leading position in servicing this sector of Ukrainian economy.
Good customer base and productive cooperation with clients helped maintaining Raiffeisen Bank's non-performing loans at the acceptable level of 16.4%.
Raiffeisen Bank assets reached UAH 195.5 bln at end-March, having grown by 3.5% since the beginning of 2024. The Bank's liabilities have increased by 2.4%, to UAH 171.2 bln in the same period.
As of March 31, 2024, the customers' funds amounted to UAH 165.8 bln, they increased by 4.5% vs. December 31, 2023, which is another proof of trust Ukrainians and business have in Raiffeisen Bank.
It is also confirmed by the growth in the number of the Bank's active retail customers by 45 thousand - to 2.7 mln since the beginning of the year.
Raiffeisen Bank will pay UAH 1.3 bln of taxes and charges for January-March, 2024.
Moreover, Raiffeisen Bank supports the State in the wartime conditions by investing in State securities - Raiffeisen Bank' domestic government bonds portfolio remains at the level of more than UAH 25 bln and is one of the biggest among the banks.
Raiffeisen Bank has a sufficient level of capitalization and complies with all performance indicators of the National Bank of Ukraine. For instance, the capital adequacy ratio is 24% with the set regulatory minimum 10%. Net stable funding ratio was 214% with the regulatory value 100%.
* Preliminary results according to the International Financial Reporting Standards (IFRS)
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Raiffeisen Bank Aval PAT published this content on 14 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2024 08:03:10 UTC.
