Raif’s clients received UAH 83 bn loans in the first six months of 2024

In January-June 2024, Raiffeisen Bank actively supported the country’s economy, the Ukrainian people and the state.

In H1, the Bank issued UAH 82.8 bln of new loans (overall UAH 272.2 bln since February, 2022) to support large companies, business customers and private individuals.

As a major lender to Ukraine’s economy, Raiffeisen Bank focuses on financing to critical sectors of the economy - agriculture, retail, fuel suppliers and pharmaceutical industry, granting UAH 50.4 bn loans to the clients of these sectors in H1. Raif retains a leadership position in the servicing of the agrarians, with a significant share of financing (UAH 20.7 bn) targeted at the sowing campaign and other support to the agribusiness.

Thanks to the clients’ trust and keeping in touch with the clients on an ongoing basis, as well as prudent approach to risk, the bank managed to reduce the NPL share to 15% vs. 15.5% as of the year start.

Raiffeisen Bank’s net profit was UAH 4.3 bn according to the performance results in January-June, 2024.

The bank’s assets saw an increase by 10% year-to-date, reaching UAH 208.6 bn as of the end of June. Its liabilities to customers also increased - up to UAH 186.7 bn, showing a growth of 8.6% in six months.

The growth of customers’ funds by 11.4% - to UAH 174.3 bn - over the period of January-June also confirmed the trust of the Ukrainian people and businesses in Raif.

Raiffeisen Bank will pay UAH 2.43 bln of taxes and charges for January-June, 2024.

Raif continues investing in government securities. In the first six months of the year, Raiffeisen Bank’s portfolio of domestic government bonds increased by UAH 2.2 bn, up to UAH 27.4 bn.

Raiffeisen Bank is sufficiently capitalized and fulfils all prudential ratios of the National Bank of Ukraine. Thus, its capital adequacy ratio is 21.3% while the minimum regulatory ratio is 10%. The net stable funding ratio was 219.76 % (the regulatory requirement is 100%).