In the third quarter of 2015, Kyiv-based Avangard Bank earned UAH 19,956 million in net profit. The bank is linked to NBU Governor Valeria Gontareva.
(Read more about it in the article Valeria Gontareva. The Glitter and Machinations of the Queen of Coins)
Avangard Bank reportedly earned UAH 5,002 million in Q1. In Q2, it earned UAH 5,067 million in profit. In Q3, the financial institution's revenue amounted to UAH 9,887 million.
Avangard Bank is controlled by the ICU Group, Kyiv (Investment Capital Ukraine). Makar Pasenyuk and Kostyantyn Stetsenko are shareholders of the latter, holding equal stakes of 41,7%. Valeria Gontareva, who previously held the position of Chairperson of the Board of Directors of Investment Capital Ukraine, was a previous shareholder of this group. On June 20, 2015, she sold her stake in the group.
Last year, Avangard Bank received 14,359 million hryvnias in profit.
SKELET-info
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