Raiffeisen Bank earned the gross income of UAH 15.4 bn for the three quarters of 2024

The gross income of Raiffeisen Bank for the nine months of 2024 was UAH 15.4 bn, which is almost the same as in the similar period of 2023 (UAH 15.9 bn).

In the structure of Raiffeisen Bank’s income, interest income reached UAH 12.8 bn in January-September of the current year (vs UAH 12.4 bn for the three quarters of 2023), the commission income earned amounts to UAH 2.1 bn (UAH 2.3 bn one year earlier).

If the President of Ukraine signs the amendments to the Tax Code of Ukraine that were earlier approved by the Parliament, providing for the retrospective payment of 50% profit tax for 2024 by banks, Raiffeisen Bank will pay UAH 5.69 bn taxes and charges for the three quarters of this year, compared to the retrospectively transferred UAH 4.9 bn for the first nine months of 2023.

The Bank’s assets have grown by 13% year-to-date and reached UAH 213.5 bn as of the end of September. Liabilities to customers increased up to UAH 178.8 bn, posting the growth of 13% for the three quarters of 2024.

In January-September Raiffeisen Bank has disbursed loans for UAH 135 bn, out of which UAH 83.8 bn – to the industries that are critical for the country (agriculture, retail, pharmaceutics and fuel supply). The support of agrarians remains the key priority of Raiffeisen Bank – for the nine months the Bank has disbursed loans to the agrarians for almost UAH 36.9 bn, which helps the bank to maintain its leadership in cooperation with agrarians.

Raiffeisen Bank continues to invest in government securities. Since the beginning of 2024 Raiffeisen Bank has increased its domestic government bonds portfolio by UAH 2.6 bn, up to almost UAH 28 bn.

Raiffeisen Bank is adequately capitalized and complies with all the ratios set by the National Bank of Ukraine. In particular, the capital adequacy ratio amounts to 15.5%, whereas the minimum ratio set by the regulator is 10%. Net stable funding ratio was 185% while the required ratio is 100%.