According to Credit Dnipro Bank`s reports, by the end of January-May 2019 it recorded a loss of UAH 151.85 million (for the same period last year it declared income of UAH 8.2 million), while in January-April the negative financial result was UAH 119.9 million, and in January-March - UAH 487.7 million.
The bank`s loss for the entire 2018 - UAH 551.5 million, for 2017 - UAH 570.2 million.
According to Credit Dnipro, as of 01.06.2019 its regulatory capital sufficiency (adequacy) indicator amounted to 11.95% (NBU requirement - not less than 10%).
As Finbalance wrote, according to the cash flow report, in the first quarter of 2019 Credit Dnipro Bank received interest income of UAH 149.1 million, while interest expenses paid amounted to UAH 161.6 million.
A similar situation - the excess of interest expenses over interest income - was in this bank both for the first quarter of 2018 (UAH 109.7 million and UAH 94.3 million, respectively), and for all 2018 (UAH 491.8 million and UAH 475.3 million), and for 2017 (UAH 611.9 million and UAH 394.3 million, respectively).
At the same time, Credit Dnipro cited in its profit and loss report that its interest income (it should be understood, accrued - ed.) in January-March 2019 amounted to UAH 213 million, and interest expenses - UAH 166.7 million.
As reported, last year`s stress test (conducted on the basis of indicators as of 01.01.2018) revealed that Credit Dnipro had a capital deficit of UAH 2.85 bln. According to the NBU, by the end of 2018 the bank reduced this deficit to UAH 2.1 billion.
"In order to cover the capital requirement under the unfavorable scenario, the Restructuring Plan has been developed for the period up to the end of 2019, which contains a comprehensive list of measures for the total amount of more than UAH 3 billion, which fully eliminates the estimated need for capital. The said plan was approved by the Decision of the Board of the National Bank of Ukraine dd. 28.12.2018", - stated in the Credit Dnipro report.