MTB Bank displays a significant increase in the level of balance sheet capital in 2021 (the balance sheet capital was at the level of UAH 864 million as of 1.01.2021) – up to UAH 1,001 billion.
Level of the Bank's balance sheet capital determines the availability of a sufficient amount of the financial institution's own funds, which ensures the protection of the depositors and creditors’ interests even in unpredictable or crisis situations by retaining the Bank's solvency and maintaining liquidity. Currently, MTB Bank ranks 10th among Ukrainian banks with private capital in terms of balance sheet capital. This means very high stability and reliability compared to most competitors.
Such growth rate of this indicator reflects a significant profitability level of the Bank in 2021 due to the current profit obtained as of 26.10.2021 at the level of UAH 171.5 million. As of the same date, the Bank's net assets amounted to UAH 11,638 million.
In addition, for the first time in five years - since the application of requirements of the NBU Resolution No. 351 - the volume of reserves under active transactions of the Bank exceeded the level of credit risk according to the NBU requirements by UAH 20.4 million (as of 1.10.2021). Thus, the unsecured credit risk equals zero and the level of reserves in the amount of UAH 199.7 million reflects a significant risk coverage for the Bank's active transactions and correct reflection of the Bank's profitability level.
"Risk management is a traditional priority of MTB Bank's activities - said Yuri Kralov, Chairman of the Management Board of MTB Bank PJSC. - The basic approach to minimizing risks is to determine their quantitative parameters and to develop management methods. The Bank's management applies a risk management strategy based on compliance with the principle of business profitability as an indicator of a certain level of competitiveness of the Bank and is aimed at ensuring an optimal balance between profitability and risk level."
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