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State-owned Ukrgasbank increased its net profit by four-fold.

State-owned Ukrgasbank increased its net profit by four-fold.

Ukrgasbank building in Kiev

In January-February 2023 Ukrgazbank netted UAH 489M in profit, which is four times more than in January-February last year, the bank reported. It is noted that the volume of net assets increased for January-February by UAH 3.3B (excluding the impact of exchange rate differences) and amounted to UAH 135.2B.

During this period, the bank’s client resource base increased by UAH 3.9B (without considering the impact of exchange rate differences) and amounted to UAH 115.9B, including the volume of customer’s hryvnia balances, which increased by UAH 6.5B.

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