H1 2020 Highlights
Capitalization levels were well above the current applicable regulatory requirements:
Capital Adequacy ratio: 14.3%
CET1 ratio: 13.2%
Adequate Liquidity profile was maintained:
Advances to Stable Funding ratio: 86.5%
Eligible Liquid Assets: 15.6%
Loan: Deposit ratio: 89%
UAB has prepaid all its outstanding medium term borrowings in June 2020 to actively manage the cost of funds
Costs rationalization:
Reduction in Operating expenses by 17% YoY
Provision Charges: businesses across all sectors continued to be impacted by the COVID-19 pandemic, the bank is prudently managing risks to demonstrate transparency and taking timely actions. This has resulted with increased Net Provisions charge by 237% vs H1 2019:
NPL ratio: 14.9%
Provisions coverage ratio: 86%
