OREANDA-NEWS. February 01, 2013. Throughout the year Universal Bank has consistently implemented its strategy of active support of economy’s business segment and private individuals, targeting to increase loan and deposit portfolio. For the 4Q 2012, Universal Bank has achieved quarterly profit in amount of UAH 51,48 million.

The main financial figures of Universal Bank as of Q4 2012 are the following: as of 31/12/2012 the loan portfolio of legal entities is UAH 2.34 billion, loan portfolio of private individuals is UAH 1.84 billion, deposit portfolio of legal entities is UAH 0.61 billion, deposit portfolio of private individuals is UAH 2.53 billion.

Creation of sufficient level of loan loss provisions in the past has contributed to high protection of the bank from credit losses in the future and has enabled activation of the business activity.

Such well-weighted approach to protect the bank from future credit losses by respective creation of loan loss provisions has caused loss-making financial results of the bank in Q1-Q3 2012, however, in the Q4 2012 such policy has resulted in positive quarterly financial result. With the positive 4Q2012 the bank has achieved its targets for 2012.

Throughout 2012 the bank has been complying with all Regulatory Norms of the National Bank of Ukraine, among them the ratios of capital adequacy, liquidity, credit concentration and foreign currency position. In particular, the capital adequacy ratio (N2 norm of NBU) as of 31/12/2012 was 16.47 % with the minimum requirement of 10%.

In 2013 Universal Bank is focused on active development in Ukrainian market and reaching positive results by following consistent strategy of growth in business and individual banking segments.

“Positive financial result of Universal Bank in Q4 2012 is confirmation of efficiency of bank’s strategy in Ukrainian banking market. In 2013 we plan further growth in business and retail segments whom we usually offered tailor-made products and service on competitive terms and rates. Our key target is the same - to build long-term partnership with clients, to offer full package of services and to provide them with expert support”, — stated Miltiadis Papanikolaou, CEO of Universal Bank.