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10:21
UNIVERSAL BANK POSTS UAH 100 M IN NET LOSSES IN H1, 2009

Kyiv, July 29 (Interfax-Ukraine) – The net losses of Kyiv-based Universal Bank, part of the Eurobank EFG Group, in January to June 2009 came to UAH 99.879 million, while the earned a UAH 4.004 million net profit year-over-year.

The bank reported in the mass media that its net losses in Q2, 2009 stood at UAH 69.816 million (in Q1, 2009 the losses were UAH 30.063 million), while year-over-year its net profit was estimated at UAH 2.846 million.

The bank's total assets in H1, 2009 shrank by 4.6%, to UAH 7.729 billion, and its total commitments went down by 3.8%, to UAH 6.962 billion. The bank's statutory capital remained unchanged at UAH 837.712 million.

Universal Bank was established in 1994. As of April 1, 2009, its largest shareholder was EFG New Europe Holding B.V. (the Netherlands, 99.952%).

According to the National Bank of Ukraine, as of April1, 2009, the bank ranked 25th among the 182 operating banks in Ukraine in terms of total assets (UAH 7.574 billion).

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