Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

First Ukrainian Bank Profit Slumps 38% on Loan Provisions

Don't Miss Out —
Follow us on:

April 30 (Bloomberg) -- First Ukrainian International Bank’s profit fell 38 percent last year after an economic slump boosted provisions for bad loans.

Net income fell to $34.7 million from $56.4 million in 2011, the Donetsk, Ukraine-based bank said in an e-mailed statement late yesterday. Provisions for retail loans stood at $31.1 million, or $14.5 million more than a year earlier.

Ukraine’s economy shrank 1.3 percent in the July-September period and 2.5 percent in the last quarter of 2012 as domestic consumption failed to offset the country’s weakening exports, according to statistics data. Gross domestic product probably shrank 1.4 percent in the first three months of 2013, according to the median forecast of six economists in a Bloomberg survey.

To contact the reporter on this story: Kateryna Choursina in Kiev at

To contact the editor responsible for this story: James M. Gomez at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.