Finance

Tuesday, December 21

Monobank to provide customers options to trade in stocks.

Monobank to provide customers options to trade in stocks. Ukrainian Monobank has started collecting applications from users to join stock trading. The project’s co-founder, Oleh Horokhivskyi, wrote about this in the Telegram. So far, we are not talking...

Monday, December 20

The World Bank allocated €300 mln for Economic Recovery in Ukraine.

The World Bank allocated €300 mln for Economic Recovery in Ukraine. Today, the Board of Executive Directors of the World Bank approved the Second Loan for the Development of Economic Recovery Policy in Ukraine for €300 mln. These funds will be used to support reforms ...

PrivatBank will be privatized by 2024.

PrivatBank will be privatized by 2024. “If the Ukrainian government makes a final decision on the privatization, the bank can be sold in 2024 for an enormous sum”, said the Chairman of PrivatBank’s Board, Gerhard Boesch. “Regarding t...

Friday, December 17

The volume of non-performing loans of state-owned banks decreased by 11%

The volume of non-performing loans of state-owned banks decreased by 11% ,said the Ministry of Finance. From the beginning of 2021, the volume of non-performing loans of public sector banks decreased by UAH 35 bln ($1.29 bln) or 11%. According to the meeting of the Ministe...

Thursday, December 16

The land is for sale at Prozorro.Sales.

The land is for sale at Prozorro.Sales. On December 17, 2021, the Individual Deposit Guarantee Fund will hold an auction to sell commercial real estate in the central part of Kyiv, which belongs to a Land Capital Bank. The funds from the Pr...

Industrial inflation in Ukraine is above 60% in November 2021.

Industrial inflation in Ukraine is above 60% in November 2021. The highest figure since 1996, according to the State Statistics Service. Industrial inflation indicates an increase in the cost of raw materials and components that businesses use to produce or provi...

Wednesday, December 15

The Ministry of Finance has placed government bonds for 10.8 bln.

The Ministry of Finance has placed government bonds for 10.8 bln. At the IGLBs auctions, the Ministry of Finance offered investors seven securities issues in the national currency and two issues in foreign currencies. Hryvnia bonds yields: 3 months-10.5%, 6 months-1...

Privatbank has launched a point-of-sale app for smartphones.

Privatbank has launched a point-of-sale app for smartphones. In partnership with Visa, Privatbank announced the launch of the “Terminal” solution based on Tap to Phone – a technology that turns smartphones or tablets into a full-fledged POS te...

The number of electronic payment cards issued in Ukraine has increased by 7% since the beginning of 2021 to 78 mln

The number of electronic payment cards issued in Ukraine has increased by 7% since the beginning of 2021 to 78 mln . During a recent round table discussion “When everything will be cashless: how non-cash payments will develop in Ukraine soon,” the Deputy Chairman of the NBU, Oleksiy Shaban, said that the fig...

Tuesday, December 14

The Ukrainian subsidiary of the Russian Sberbank has changed its name to MR Bank.

The Ukrainian subsidiary of the Russian Sberbank has changed its name to MR Bank. Sberbank decided to change the name of its subsidiary “Sberbank” (Kyiv) into “MR Bank”, due to a decision of Sberbank of Russia dated September 27, which was published on its w...

Ukraine allows redemption/exchange of Eurobonds and expansion of currencies in an updated strategy of state debt management.

Ukraine allows redemption/exchange of Eurobonds and expansion of currencies in an updated strategy of state debt management. The Ministry of Finance of Ukraine will continue the practice of buying or exchanging government securities (Eurobonds) to smooth the repayment schedule, according to the updated medium-term strategy ...

The National Securities Commission and stock market identified 13 more unreliable investment firms

The National Securities Commission and stock market identified 13 more unreliable investment firms . They were added to the list of investment projects with signs of doubt: Evotrade, Wellmax Capital, Euro1nvest, MeteorTrade, InvestingVIP, INVFX, HashTrade, Everest Trade, Esther, ICEFX, Iron Max Gro...

Monday, December 13

PrivatBank and IntelExpress launch direct international money transfers to Ukraine.

PrivatBank and IntelExpress launch direct international money transfers to Ukraine. PrivatBank customers will be able to receive IntelExpress money transfers in euros or dollars to their account or card without visiting the bank or using remote self-service channels. Starting today, ...

Friday, December 10

Ukraine’s public debt will be cut to 56.9% of GDP by the end of 2021 and to 47% by 2024

Ukraine’s public debt will be cut to 56.9% of GDP by the end of 2021 and to 47% by 2024 , announced the Ministry of Finance. Among the goals are: to decrease public debt by the end of 2024 to 47% of GDP; increase in debt denominated in the national currency to 51% of GDP; to extend the a...

NBU expects a state budget deficit of 2021 at 4% of GDP

NBU expects a state budget deficit of 2021 at 4% of GDP . The National Bank of Ukraine expects the state budget deficit for 2021 at the level of 4% of GDP with 5.5% of GDP planned in the law on the state budget and its additional financing of UAH 40 bln ($...

In November, the annual inflation rate slowed to 10.3%.

In November, the annual inflation rate slowed to 10.3%. While inflation in the consumer market in November compared to October increased by 0.8%. Since the beginning of the year, consumer prices have risen by 9.4%. As a result, core inflation in November 2...

Potential Russian military aggression lowers the price of Ukrainian assets price and increases inflation risks,

Potential Russian military aggression lowers the price of Ukrainian assets price and increases inflation risks, said Deputy Head of the National Bank of Ukraine, Sergiy Nikolaychuk. “Today’s decision on the refinancing rate considered several pro-inflationary risks, and in the first place, we highlighted ...

The Ministry of Finance sold government bonds for UAH 16.7 bln.

The Ministry of Finance sold government bonds for UAH 16.7 bln. Investors were offered six issues of securities in national currency with yields: 12.85% with repayment on October 30, 2024; 12.64% with repayment on November 1, 2023; 11.79% with repayment on April 1...

Wednesday, December 8

Ukraine’s GDP growth forecast was revised.

Ukraine’s GDP growth forecast was revised. GDP growth in 2021 will be 3.4% instead of the 4.1% that was expected in April. Economic growth in 2022 is projected at 3.6% instead of 3.7%, reported nv.ua. According to the Ministry of Economics, th...

The Deposit Guarantee Fund (DGF) has sold Delta Bank’s assets

The Deposit Guarantee Fund (DGF) has sold Delta Bank’s assets . The assets are secured by non-residential real estate in the center of Kyiv, land plots in the Kyiv region, and corporate rights. The auction will be held on December 17 at the Prozorro.Sales. The t...

Ukraine’s international reserves grew by 3% in November to $30.55 bln.

Ukraine’s international reserves grew by 3% in November to $30.55 bln. The growth was mainly due to the receipt of the second tranche from the IMF. Foreign exchange earnings for the government amounted to $493.1 mln, including €250 mln from Cargill Financial Services, an...

The state-owned banks received 7.6% more profit.

The state-owned banks received 7.6% more profit. In the third quarter of this year, state-owned banks earned UAH 11.6 bln ($426 mln), 7.6% more than in the previous quarter. 82.9% (UAH 9.6 bln) was attributed to the profit of PrivatBank. As the Mini...

Tuesday, December 7

Invest in international companies through Sense SuperApp.

Invest in international companies through Sense SuperApp. Alfa-Bank initiated the access of shares to circulation on the Ukrainian market and provided customers with a trading tool in the digital bank Sense SuperApp. This will allow Alfa-Bank’s clients...

Monday, December 6

PrivatBank and Oschadbank to approve plans for their privatization.

PrivatBank and Oschadbank to approve plans for their privatization. The two state-owned banks must adopt “roadmaps” for partial or full privatization in cooperation with the Ministry of Finance. To reduce the state’s share in banks to 25%, PrivatBank...

The National Bank has registered 57 collection companies,

The National Bank has registered 57 collection companies, reported press service of NBU. As of November 2, National Bank continues to register collection companies. Only companies with an impeccable business reputation, professionally suitable managers, and ...

Ukroboronprom’s net income increased by 6%.

Ukroboronprom’s net income increased by 6%. The increase came from the sale of goods, works, and services for the three quarters of 2021, which exceeded UAH 26 bln ($962 mln). The figure was 6% more than in the same period last year, reported U...

In December, the World Bank will consider allocating two tranches of up to $500 mln to Ukraine.

In December, the World Bank will consider allocating two tranches of up to $500 mln to Ukraine. The World Bank will consider granting Ukraine a second loan of €300 mln for development policy in the field of economic development, reported Interfax. According to the Minister of Finance, Serhiy Mar...

Friday, December 3

The Budget Committee approved the draft state budget-2022

The Budget Committee approved the draft state budget-2022 for the second reading. Compared to the first reading, budget revenues increased by UAH 54.7 bln to UAH 1.31 trillion. Tax revenues increased by UAH 64 bln (5.8%). However, non-tax revenues decreased ...

The general fund of the state budget of Ukraine for January-November 2021 was executed with a deficit of UAH 57.4 bln ($2.12 bln)

The general fund of the state budget of Ukraine for January-November 2021 was executed with a deficit of UAH 57.4 bln ($2.12 bln) , when projected for the reporting period in the amount of UAH 175.7 bln ($6.48 bln), the Ministry of Finance said. The Ministry of Finance pointed out that in 11 months, the general fund received UAH...

The state budget deficit to grow to 3-3.5% of GDP in December.

The state budget deficit to grow to 3-3.5% of GDP in December. The head of the Ministry of Finance of Ukraine, Sergei Marchenko, expects a significant increase in the state budget deficit in December to 3-3.5% of GDP. For 11 months of 2021, the actual budget defi...

Ukraine has appealed to the EU for a new package of financial support.

Ukraine has appealed to the EU for a new package of financial support. Ukraine asks the European Union to provide additional support to ensure stable public funding over the next few years, reported Bloomberg. At the same time, the spokesman of the European Commission as...

Twelve banks will receive portfolio state guarantees of UAH 8.1 billion ($300 mln).

Twelve banks will receive portfolio state guarantees of UAH 8.1 billion ($300 mln). The Ministry of Finance has prepared a draft resolution of the Cabinet of Ministers on providing state guarantees on a portfolio basis in 2021. Furthermore, the Law on the State Budget for the current...

Thursday, December 2

In his address to the Parliament of Ukraine, President Volodymyr Zelensky also announced a program to issue loans at 5%.

In his address to the Parliament of Ukraine, President Volodymyr Zelensky also announced a program to issue loans at 5%. “We will launch the Ukrainian Dream program, under which every citizen of our state who pays taxes will be able to get a loan at a rate of 5% in hryvnia,” said the President in his annual ...

The National Bank of Ukraine has downgraded the forecast for Ukraine’s economic growth in 2021 to 3%.

The National Bank of Ukraine has downgraded the forecast for Ukraine’s economic growth in 2021 to 3%. “This forecast is slightly lower than previously predicted due to several reasons. Poor economic results of the first half of the year, which have already been recorded. Quarantine restrictions. The h...

The Ministry of Finance has sold bonds valued at UAH 12.7 bln.

The Ministry of Finance has sold bonds valued at UAH 12.7 bln. The results of the placement of domestic government bonds (IGLBs) on November 30, 2021, raised UAH 12,74 bln ($472 mln) for the state budget.

Metinvest has set up a company to manage Ukrainian coal assets.

Metinvest has set up a company to manage Ukrainian coal assets. Metinvest Pokrovskugol will be managing the operational and administrative changes at the Pokrovsky Coal Group (PUG). It is specified that the new company will coordinate all divisions of coal product...

Wednesday, December 1

Diia.Bisiness has become the marketplace for financial products and an impact investment platform.

Diia.Bisiness has become the marketplace for financial products and an impact investment platform. Diia.Bisiness portal collects all information about financial opportunities and programs available to entrepreneurs in Ukraine. Through the site, you can learn about the program and directly contact t...

Increase in the Tax Burden on Iron Ore Mining.

Increase in the Tax Burden on Iron Ore Mining. The Ukraine Parliament adopted Tax law №5600 which increases the tax burden on iron ore mining. Amendment №97, which sought to reduce taxes, was rejected in the VR despite previous support from the co...

Another Ukrainian stock exchange received a commodity license.

Another Ukrainian stock exchange received a commodity license. The National Commission on Securities and Stock Market has decided to issue a license to the UICE (“Ukrainian Interbank Currency Exchange”) to conduct activities to organize trade in produ...

Tuesday, November 30

Last week, Ukraine issued affordable loans valued at UAH 1.27 bln.

Last week, Ukraine issued affordable loans valued at UAH 1.27 bln. The State Program “Affordable Loans 5-7-9%”, authorized banks to issue 456 loans totaling UAH 1.27 bln ($47 mln), announced the Ministry of Finance. Entrepreneurs received UAH 8.8 bln for ...

Monday, November 29

The National Bank of Ukraine (NBU) announces an increase in financial literacy among Ukrainians.

The National Bank of Ukraine (NBU) announces an increase in financial literacy among Ukrainians. The level of financial literacy of Ukrainians has grown significantly in three years: from 11.6 points in 2018 to 12.3 points this year said the Chairman of the National Bank, Kyrylo Shevchenko. This ...

Ukraine will end 2021 by recording the highest dollar GDP since independence.

Ukraine will end 2021 by recording the highest dollar GDP since independence. The Minister of Economy, Yulia Sviridenko, announced that the economy will reach its highest rate of GDP in US dollars ($195 bln) by the end of 2021. “Next year, we plan to reach a high growth r...

Friday, November 26

Ukraine has pledged to agree to 12 conditions to receive the next IMF tranche.

Ukraine has pledged to agree to 12 conditions to receive the next IMF tranche. These structural beacons include: to approve the budget for 2022 with a deficit target of 3.5% of GDP; to abolish concessions in the criteria for state representatives in the management of state-owned...

The Ukraine Prime Minister and EBRD delegation discussed the creation of stock market infrastructure in Ukraine.

The Ukraine Prime Minister and EBRD delegation discussed the creation of stock market infrastructure in Ukraine. Denys Shmyhal and representatives of the EBRD have discussed the creation of a quality stock market infrastructure in Ukraine, the strengthening of the banking sector and the implementation reported g...

Thursday, November 25

IMF downgrades Ukraine’s GDP growth estimate to 3.2%

IMF downgrades Ukraine’s GDP growth estimate to 3.2% from 3.5% in the October forecast. However, the IMF has unchanged Ukraine’s economic growth expectations in 2022 at 3.6%, and in 2023 3.4%.

The Guarantee Fund has received UAH 630 bln ($23.6 bln) in private investments.

The Guarantee Fund has received UAH 630 bln ($23.6 bln) in private investments. The total amount of deposits of individuals at the beginning of November 2021 includes deposits in national currency, UAH 385.84 bln ($14.4 bln), and deposits in foreign currency valued at UAH 243.52 ...

The “Minfin” and Dragon Capital launched a mobile investment application Multi Invest.

The “Minfin” and Dragon Capital launched a mobile investment application Multi Invest. Using the application will make it possible to invest in shares of foreign companies, exchange-traded funds (ETF), cryptocurrency, and domestic government bonds. “The idea of Multi Invest is to make i...

Wednesday, November 24

The IMF has agreed to allocate $700 million to Ukraine.

The IMF has agreed to allocate $700 million to Ukraine. Following the first revision of the stand-by program (SBA), the International Monetary Fund agreed to provide Ukraine with a loan tranche of about $700 mln, according to the fund’s press service...

DTEK Energy has reduced its net losses 10-fold since January 2021

DTEK Energy has reduced its net losses 10-fold since January 2021 . It earned UAH 1.965 bln ($74 mln) in net losses in the third quarter of this year, which is almost 10 times less than the loss in the same period last year, UAH 19.12 bln ($721 mln). At the same tim...

The state Guaranteed Buyer has requested a debt settlement of UAH 4 bln

The state Guaranteed Buyer has requested a debt settlement of UAH 4 bln ($150 mln) from Energoatom. The Acting Director, Vadym Ulyda reached out to the Director of Energoatom, Petro Kotin, to hold talks and settle disputes. The Guaranteed Buyer says it has taken all neces...

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