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Alfa-Bank Ukraine (soon Sense Bank) has returned 3.4 billion hryvnias of the NBU collateral refinancing. The loan has almost halved – from UAH 9 billion at the end of July to UAH 5.6 billion, which the bank plans to continue to repay.
Alfa-Bank Ukraine has been and remains a systemically important bank, financially stable and operationally profitable. Thus, for 8 months of 2022, the bank received an operating profit of UAH 5 billion, and losses are associated solely with the formation of reserves, which are cyclical signs for any crises and will be disbanded after stabilization. The Bank also improved the business process efficiency indicator (CIR) from 53 to 43% compared to last year.
The Bank has passed the main peak of the crisis, in which the entire banking start of the war. Since May 2022, we have begun to observe a positive trend – we have resumed the accumulation of funds from legal entities, and since June the volume of time deposits of Ukrainians has begun to grow, lending has resumed, including to enterprises in critical sectors of the economy. The bank has a sufficient level of liquidity, which allows it to return the mortgage refinancing of the NBU,” commented Alla Komissarenko, Head of the Board of Alfa-Bank Ukraine.
Recall that in the first days of the war, Alfa-Bank Ukraine, like most banks, received from NBU crisis (without collateral) refinancing in the amount of UAH 4.6 billion for a year. However, already in May 2022, he was one of the first to return funds to the NBU ahead of schedule and in full.
