Sense Bank maintained operating profitability in 2022 results

 According to the results of the interim reporting for 2022, Sense Bank maintained operating profitability (before the formation of reserves) at the level of 2021. Thus, operating profit for the past year decreased by only 2% compared to 2021 and amounted to UAH 12 billion. Preservation of a stable profit is ensured primarily by increasing the efficiency of the financial institution. Thus, the 2022 operating cost-to-income ratio (CIR) was 54%, an improvement of 4 percentage points compared to the previous year.

 Despite the unfavorable economic environment, Sense Bank maintains a sufficient level of capital thanks to implemented anti-crisis measures. At the end of last year, the capital adequacy ratio (H2) was close to 12%, that is, to the level at the beginning of 2022.

 The loss was formed exclusively by the crisis formation of reserves.