On April 25,
2019, Agroprosperis Bank published its official financial statements for 2018,
as certified by Deloitte & Touche USC Audit Company.
According to
the results of the year, the bank significantly improved its financial results:
• the net
profit has grown almost four times to UAH 24.1 million
• the deposit
portfolio increased by six times to UAH 543.8 million
• the loan
portfolio doubled to UAH 349 million with a record low level of non-performance
loans - about 0.2% versus 50% on average in the banking system of Ukraine.
In 2018,
Agroprosperis Bank has constantly expanded the list of services: for legal
entities, serviced accounts of conditional storage (escrow) and overdraft, for
individuals began issuing cards for deposit and savings card, for farmers
together with the Agroprosperis group launched a unique project for the market
AP Franchise – a full range of services that simplifies the management of
agribusiness and allows you to reach a higher level of profitability.
During the
year, the Bank signed 10 partnership programs with leading manufacturers and
suppliers of farm equipment, which allows farmers with a land area of 100
hectares to purchase quality equipment at favorable interest rates, for up to 7
years, with no mandatory first installment and no expense on the assessment and
insurance of collateral.
In 2016
Agroprosperis Bank became the first bank to provide financing secured by crop
receipts. In 2018, the bank continued to work with this instrument and signed
62 financial crop receipts during the year.
In October,
the bank opened a direct correspondent account in ING Belgium, which is an
absolute achievement for any Ukrainian bank amid a significant reduction of the
correspondent network in Ukraine by US and European banks. Also during the
year, the bank maintained a credit rating at the investment level uaAA and the
highest deposit rating on ua1 level.
"We
successfully ended the year, having significantly increased the assets and
profitability of the business," commented Serhii Shchepanskyi, Chairman of
the Board. - For three years, the bank has doubled its agribusiness loan
portfolio annually and, in order to expand lending to farmers, in February this
year, we have attracted a loan of EUR 5 million from the European Fund for
South-East Europe (EFSE). As of today, our loan portfolio has already exceeded
UAH 560 million, which is one and a half times the result of 2018».
As for the services
for individuals, according to Serhii Shchepanskyi, Agroprosperis Bank this year
begins to develop a network of branches and online services, and the opening of
the second branch is planned very soon.
