The earnings of banks during the crisis known! - News about real estate, Kiev, Kyiv region. Real Estate In Ukraine

The earnings of banks during the crisis known! - News about real estate, Kiev, Kyiv region. Real Estate In UkraineThe minus sign in the "financial results" appeared and banks with a good reputation and support from major international financial groups. For example...Many earned by banks during the crisisMore than 1.1 billion UAH amounted to a total profit of Ukrainian banks in the fourth quarter of 2008. A little less than half that amount — 500 million hryvnia — the merit of PrivatBank.The minus sign in the "financial results" appeared and banks with a good reputation and support from major international financial groups. For example, Raiffeisen Bank Aval the last three months of 2008 ended with a loss in 153,2 million hryvnias, OTP Bank 127 million, the Bank "Forum" — 58.7 million hryvnias. The data contained in the report of the Association of Ukrainian banks.Earnings went into the reservesBankers strongly dislike the phrase "loss", and the negative financial results of the fourth quarter explain soaring expenses for formation of reserves. "The word "loss" is not acceptable in this case. It is appropriate to talk about lost profit because the Bank had to increase their reserves to cover possible losses on credit operations due to a sharp deterioration of the financial and economic situation in the country", — says the head of financial controlling OTP Bank Roman Small.Although the reserves for active operations and decrease the profit, this does not mean that the financial institution incurs losses. "Today, the credit risk is indirect loss. We only expect that the Bank will encounter with nonpayment of loans, and want to hedge against the losses in the future through the creation of additional provisions," explains Chairman of the Board of Raiffeisen Bank Aval Volodymyr Lavrenchuk.Analysts believe: a reassessment of the credit portfolios and the need to develop additional reserves facing the entire banking system. The only question is, who's the banks did it at the end of last year, and who begins to show a negative result a little later."If the Bank increased its reserves by almost 2 times in the second half of the year, this suggests that he is an adherent of a more conservative strategy, — the analyst of the company "Troika Dialog Ukraine" Yevgeny Grebenyuk. — For example, Raiffeisen Bank Aval last year has formed about 2 billion of reserves, 800 million of which is for the fourth quarter, more than in all of 2007. A significant profit of Ukrsotsbank (290 million hryvnia in the fourth quarter. — "BUSINESS") suggests that either he has a much higher quality loan portfolio, or he didn't want to spoil the result, and to show losses in 2008".7.5 billion for the yearAt the same time, some financial institutions according to the results of the FOURTH quarter showed a considerable profit. The leader on this indicator became Privat — 500,3 billion hryvnia. This is despite considerable contributions to the formation of reserves — UAH 2.3 billion for the fourth quarter, which is 2.3 times more than the reserves formed for the previous 9 months of 2008. The palm PrivatBank was able to hold on thanks to a surge in fee income. So, at the end of the third quarter Commission income of the Bank amounted to $ 1.9 billion hryvnias, and at the end of the year 5.3 billion."If not for the sharp increase in Commission income, the Bank was supposed to go in the best case to zero, because the bad loans for the quarter jumped more than 2 times — from 3.5 to 7.5 billion dollars, and contributions to reserves under loans — almost 3.5 times," says Yevgeny Grebenyuk.However, by 2008, all financial institutions, published their statements showed a profit.



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