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ASSETS

A stable and profitable activity of the Bank was determined by the quality of assets and an effective management of them. The total anount of net assets of the joint-stock commercial bank "Kyiv" in the past year increased 47% to UAH 852497 thousand. The management of the Bank's assets was carried out in accordance with its strategic programs on lines and procedures of placement of own and attracted funds. A double target was being achieved here: assurance of the profitability of work and adherence to norms of liquidity and reduction of risks. Diversification of assets with the aim to optimize their structure was carried out during the year.
The structure of assets was all the time changed in the course of the Bank's activity, in response to changes in economic conditions of activity, profitability and prospects of individual segments of the market.
In the structure of assets of the consolidated balance sheet as of 1 January 2005, the largest share is accounted for by the credit portfolio (75,4%); funds in correspondent accounts of banks amount to 5,1%; fixed and intangible assets, to 9,9%; credits and deposits in other banks, to 4,3%; securities, to 0,7%; cash, to 2,3%; and other assets, to 2,3%.
A high share of the credit portfolio in total assets confirms the priority of this type of asset in the provision for incomes of the Bank.