Agroprosperis Bank has published official financial statements for the 1Q 2021. In the first quarter, the bank's assets increased to UAH 1.92 billion, which is 64% more than in the 1Q 2020, while the loan portfolio and customer funds exceeded UAH 1 billion, increasing by 47% and 83%, respectively.
Agroprosperis Bank specializes in lending to small and medium farmers and annually increases support for agricultural sector. In three months of 2021, the bank provided more than UAH 200 million financing to farmers, and the total SME loan portfolio as of April 1 exceeded UAH 1 billion, which is 1.5 times more than last year. A significant part of these funds the Bank lent under the Affordable Loans 5-7-9% state program and against crop receipts.
In the first quarter, the bank reaffirmed the long-term credit rating on a national scale at uaAA level and the highest deposit reliability rating and on a permanent basis significantly exceeded the capital adequacy and liquidity ratios of the NBU and the average values of the banking system of Ukraine.
Significant growth of the loan portfolio, which requires higher contributions to reserves, as well as investment in the development of online tools temporarily reduced the bank's profitability in the reporting period. At the same time, the bank remains operationally profitable and in 2021 aims to achieve a positive financial result.
The official financial statements of Agroprosperis Bank for 3 months of 2021 are available in the section Documents and reporting.