4th November 2016

PrivatBank ranked as only bank among top-20 largest Ukrainian taxpayers

PrivatBank remains the only representative of the banking sector in the top-20 largest Ukrainian taxpayers, according to the “Bulletin of the State Fiscal Service of Ukraine”. The ranking shows that for the first nine months of 2016 the largest commercial bank in the country transferred taxes and fees to the budget of an amount exceeding the taxes paid by all state-owned Ukrainian banks combined.

According to the State Fiscal Service, in the third quarter of this year PrivatBank increased its tax contributions by 14% compared to the same period of 2015. This allowed the bank to confirm its longstanding leadership position among banks in the ranking of the largest taxpayers of the country. During the first nine months of 2016 the total tax payments of the bank amounted to UAH 3.159 bln, and additionally, transfers to the state pension and social funds totaled UAH 477.6 mln.

During the first nine months of 2016 PrivatBank transferred over UAH 1 bln to the Deposit Guarantee Fund and confirmed its status as the largest donor to the fund. Compared with the same period last year, total funding from PrivatBank to the Deposit Guarantee Fund increased by 22% (from UAH 846,760,455 for the first nine months of 2015 to UAH 1,032,865,386 as at 1 October, 2016).

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