Diamantbank (Kyiv) that was declared insolvent a day before on April 25 reported that the bank saw profit in January-March after four quarters of seeing losses.
According to a bank report, it saw Hr 1.7 million of net profit in January-March, while a year ago its net loss was Hr 287.404 million.
Net interest income over the period totaled Hr 44.42 million, which is 4.27 times more year-over-year (Hr 10.399 million).
Taking into account spending on reserves, net interest income of the bank was Hr 16.326 million compared to Hr 306.408 million of net interest loss in Q1 2016.
The bank’s credit portfolio shrank by 14.8 percent, to Hr 3.053 billion. Its assets narrowed by 1.9 percent, to Hr 7.273 billion.
As reported, the National Bank of Ukraine (NBU) on April 24 recognized Diamantbank (Kyiv) insolvent.
Following the National Bank’s decision, the Individuals’ Deposit Guarantee Fund decided to withdraw the bank from the market by introducing temporary administration for one month – until May 23.
Diamantbank was registered by the NBU in November 1993. According to the bank, as of January 1, 2017 its largest shareholders were Ihor Kerez (44.4918 percent indirectly), Davyd Zhvaniya (23.81 percent), Andriy Schukin and Viacheslav Tsyhanenko (12.28 percent each indirectly).
The bank ranked 24th among 93 operating banks as of January 1, in terms of total assets worth Hr 7.414 billion, according to the NBU.
