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27.03.2018

Agroprosperis Bank 2017 results: 2.5 times growth of loan portfolio and return to profitability

On March 23, 2018, Agroprosperis Bank published its official financial statement for 2017, audited by the KPMG Audit Company.

According to the results of the year, bank substantially improved its financial performance by doubling the size of its assets and the portfolio of agribusiness loans. During the year, Agroprosperis Bank doubled its authorized capital and at the end of 2017 the Bank's equity capital amounted to UAH 303.590 million.

The most important achievement of the year was the return to profitability, indicating the completion of the bank's formation process, as the bank was acquired by a foreign investor in 2015, and in 2016 it began operating in the market according to the new business model – as the only bank that finances only small and medium-sized agricultural producers.

In 2017, Agroprosperis Bank expanded the range of services for farmers, increased the maximum amounts and terms of lending, and financed a third of all crop receipts issued in Ukraine, staying a leader among other banks in using this innovative tool.

Agroprosperis Bank also began to attract deposits from individuals, and during the year, vastly increased its deposit portfolio. The bank has been assigned a credit rating at the level uaAA, which characterizes very high creditworthiness, and the highest rating of reliability of deposits at the level ua1 on the national scale.

"In 2017, we achieved our goals and plan to grow even more actively this year. In January our net profit amounted to UAH 2.6 million. The loan portfolio has been growing, we are expanding the regions of agricultural financing and working on partnership programs", – says Serhii Shchepanskyi, the Chairman of the Management Board of Agroprosperis Bank.

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