Q3 2020 Highlights
Capitalization levels are still well above the current applicable regulatory requirements:
Capital Adequacy ratio: 14%
CET1 ratio: 12.9%
Adequate Liquidity profile was maintained:
Advances to Stable Funding ratio: 74.7%
Eligible Liquid Assets: 23.6%
Loan: Deposit ratio: 70.9%
* 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 15% 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 91% vs Q3 2019.
NPL ratio: 14.1%
