Financial statements
PrivatBank Cyprus compiles its financial statements in strict accordance with:
- international standards,
- legislation of Cyprus,
- regulatory and legal acts issued by the Central Bank of Cyprus.
The purpose of the Bank’s financial statements is to provide a wide range of users with accurate and unbiased information on assets, liabilities, equity, cash flows, income and expenses (including profits and losses) and other data.

The choice of audit company for bank’s financial audit according to the IFRS is made on the annual basis. Bank’s specialists have a fundamental analysis of the audit conditions, of the "Big Four" companies. The results of the analysis along with management proposals are presented to the Bank’s Supervisory Board.
The Supervisory Board takes a decision that becomes the basis for audit contract for the following year.
The Bank’s international auditor is PricewaterhouseCoopers.
PricewaterhouseCoopers is the world leading professional services supplier, and is one of the companies of the "Big Four".
On an ad hoc basis, PrivatBank also cooperates with PricewaterhouseCoopers on a limited range of advisory services.

Balance Sheet as of December 31, 2013
Item name | Sum |
Assets | |
Funds with the NBU | 5,422,818,820.69 |
Cash funds available | 7 300,904,890.92 |
Funds in nostro accounts | 22,520,968,252.46 |
Interbank loans | 3,451,085,732.74 |
Overdraft loans to legal entities | 1,641,075,795.92 |
Mortgage loans to legal entities | 1,209,310,934.56 |
Loans to legal entities | 120,214,223,807.78 |
Financial leasing to individuals | 469,834,275.91 |
Card loans to individuals | 22,390,314,116.88 |
Mortgage loans to individuals | 2,042,537,338.54 |
Кредити фізичним особам | 3 557 162 326.33 |
Loans to individuals | 5,064,075,273.07 |
Accrued revenues | 1,769,398,245.69 |
Fixed assets of the bank | 2,749,545,787.26 |
Receivables | 365,276,392.94 |
Provisions for loans | -23,539,003,774.73 |
Total Assets: | 176,629,528,216.96 |
Liabilities | |
Funds in vostro accounts | 1.325.774.912.13 |
Interbank deposits | 4,064,529,407.60 |
Loans from the National Bank | 3,472,210,000.00 |
Loans of financial institutions | 3,236,533,553.00 |
Current accounts of legal entities | 13.531.681.643.32 |
Budgetary funds | 33,859,498.29 |
Deposits of legal entities | 7,703,626,421.62 |
Current accounts of individuals | 17,945,392,943.68 |
Deposits of individuals | 86,477,460,713.02 |
Securities settlements | 7,956,356,298.96 |
Accrued expenses | 1,406,041,837.81 |
Payables | 9,303,264,976.86 |
Total Liabilities: | 156,456,732,206.29 |
Capital | |
Authorized capital of the Bank | 16,352,079,225.00 |
Bank reserves | 1,914,589,936.63 |
Results of prior years | 43,593,228.59 |
Current year result | 1,862,533,620.45 |
Total capital: | 20,172,796,010.67 |
Annual Reports
EY 2017 Audit Report
EY 2016 Audit Report
PricewaterhouseCoopers 2015 Audit Report
Disclosure of additional information regarding credit facilities
Additional information to the financial statements, part A as at 31 December 2016
Additional information to the financial statements, part B as at 31 December 2016
Additional information to the financial statements, part A as at 31 December 2015
Additional information to the financial statements, part B as at 31 December 2015
Additional information to the financial statements, part A as at 30 June 2015
Additional information to the financial statements, part A as at 30 June 2014
PricewaterhouseCoopers 2014 Audit Report
Statement of comprehensive income for the year ended 31 December 2014
Balance Sheet as at 31 December 2014
Additional information to the financial statements, part A as at 31 December 2014
PricewaterhouseCoopers 2013 Audit Report
Statement of comprehensive income for the year ended 31 December 2013
Statement of the cash flows for the year ended 31 December 2013
Balance Sheet as at 31 December 2013
Additional information to the financial statements, part A as at 31 December 2013
Additional information to the financial statements, part B as at 31 December 2013
Additional information to the financial statements, part A as at 30 June 2014