Key financials as of 01.10.2003

VABank’s total assets have increased by UAH 113.5m (or 12.3%) as compared to 01.09.2003 and amounted to UAH 1,038.8m as of 01.10.2003. Net assets of the Bank have risen by UAH 101.9m (or 14.4%) and amounted to UAH 808.3m as of 01.10.2003.

The net assets have increased as compared to 01.09.2003 mainly due to the loan portfolio growth (by UAH 48.4m), correspondent accounts in other banks (by UAH 63.1m).

Loans to legal entities account for the largest share of the net assets — 58.9% or UAH 475.9m. Loans from the Bank’s own funds equal to UAH 434.2m, from the EBRD’s funds — UAH 31.2m, from the World Bank’s funds UAH 5.1m and from the Eurasia Foundation’s funds — UAH 5.3m.

Liabilities and equity of VABank consist of individuals’ funds — UAH 204.2m (or 25.3% of net liabilities and equity), deposits of legal entities — UAH 144.1m (18.2%), amounts on legal entities’ current accounts — UAH 122.1m (15.1%), subordinated debt — UAH 38.6m (4.8%), loans from international financial organizations — UAH 40.2m (5.0%).

Individuals’ deposits have increased by UAH 6.0m (or 3.0%) for September.

The VABank Custodian’s assets equaled to UAH 974.3m as of 01.10.2003.

Profit made for the nine months (Jan–Sep) reached UAH 4.041m (UAH 3.151m — for the respective period of 2002).

Regulatory Capital Adequacy Index equaled to 14.1% as of 01.10.2003 (ref.: minimum required by the National Bank of Ukraine — 8%).

VABank’s positions as to the main economic performances in the rating of the Association of Ukrainian Banks as of 01.09.2003 are as follows:

Performance place
Net assets 21
Credit portfolio 21
Individuals’ deposits 19
Legal entities’ deposits 15