Our financial performance results for 2012 were consistently strong. The Bank earned USD 86 m profit before provisions, 13% up over the previous year. We increased provisions for the loan portfolio in line with a possibility for a less favorable economic situation in the coming year. Making these projections and the appropriate preparations for them, FUIB net profit was USD 34.7 m. FUIB team worked hard to assure that the Bank’s portfolio quality and level of provisioning remain among the best in the country, while the loans/deposits ratio stands at 98.7%, which is unique in Ukraine’s banking industry.
The Bank’s record high growth in retail deposits and the increase in corporate portfolio – which outperformed the dynamics of the rest of the Ukrainian banking system – shows that FUIB is the preferred bank for an increasing number of corporate and retail customers.
Acknowledgement of achievements and appreciation of FUIB’s annual results by the customers, shareholders, business community and the public inspire the team as we work hard to further develop our Bank to be as flexible, modern and client-centric as is possible.
The Bank’s ROE and ROA before provisions of 2.6% and 14.1% remain among the best in the Ukraine’s banking system.