Мережа лабораторій "Ескулаб" виконує свої зобов'язання, але конфлікт між власниками поставив під загрозу зриву
Aval reports losses in 1Q14 on higher provisioning and ForEx revaluation
Raiffeisen Bank Aval (BAVL UK) reported a UAH 943 mln net loss in 1Q14 vs. a UAH 84 mln profit a year before. The key contributors to the net losses were UAH 1013 bln losses related to revaluation of foreign currency (they were UAH 5 mln a year before) and UAH 868 mln loan loss provisioning (up 2.9x yoy). At the same time, the bank’s net interest income advanced 35% yoy in the quarter to UAH 1154 mln, mainly on a 35% yoy decline of interest expenses to UAH 367 mln.
The bank’s deposit base fell 10% YTD as of end-1Q14 to UAH 23.9 bln. At the same time, its gross loan portfolio improved 10% YTD to UAH 29.7 bln – the growth is solely explained by 30% YTD increase of loans denominated in foreign currency which was purely a result of hryvnia depreciation during the quarter.
Источник: Конкорд Капитал
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