The EBRD and IFC will support Ukrainian banks in commercial lending. The EBRD might offer state-owned Ukreximbank a guarantee of up to €50M to cover as much as 50% of the credit risk on a portfolio of new loans to small and medium-sized enterprises (SMEs) valued at up ... #BankLoans #ebrd #financeUkraine #ifc #oschadbank #PrivatBank #Ukreximbank
State banks were the most profitable through 11 months of 2024; the banking sector increased its tax payments by 70%. According to the NBU, solvent Ukrainian banks generated ₴131B ($3.2B) in net profit after tax from January-November 2024. The leaders in the banking sector were: PrivatBank with ₴56.3B, Oschadbank wit... #nbu #oschadbank #PrivatBank #RaiffeisenBankUkraine #UkraineBanksProfits #UkrainianBanks
State banks are displacing their competitors: How much did financial institutions earn in three quarters of the year? After paying taxes, 62 Ukrainian banks generated ₴117.63B ($2.8B) in profit for the first nine months of the year. Even though the banking sector’s tax rate increased significantly this year, to... #MotorBank #MTBbank #PrivatBank #RaiffeisenBank #UkraineBanksProfits
Polish businesses sign agreements to rebuild Ukraine at the Common Future Congress on the Reconstruction of Ukraine in Poland. Several agreements were signed by the Ministry of Funds and Regional Policy of Poland and BGK, a Polish state development bank, which provide for the establishment of a PLN 250M ($65M) special fund to... #BGK #CommonFuture #KredoBank #PrivatBank #UkraineFacility #UkraineReconstruction
Ukraine and the EBRD plan to increase investment in energy and infrastructure by €325M. Ukraine and the EBRD discussed the possibilities of expanding investment in energy and infrastructure projects. “With the help of the EBRD, we hope to unblock private investments in renewable en... #ebrd #EnergyInfrastructure #investments #PrivatBank #Ukrgasbank #YuliyaSvyridenko
Ukrainian banks increased their profits by 22%, with one of them accounting for 40% of the total amount. The total profit generated by Ukrainian banks for the first seven months of the year is ₴119.44B, which is 22% more than in the same period last year. Along with earnings, income tax increased by 80% ... #financeUkraine #MTBbank #PrivatBank #UkraineBanksProfits #UkraineEconomy #UkrainianBanks
A Ukrainian state bank records a 27% increase in card payment transactions: What are Ukrainians buying? In the first half of the year, Ukrainians paid with cards through the PrivatBank network for 1.6 billion purchases worth ₴451B. This is 27.3% more than in the first half of last year. At that time, th... #CardPayment #PrivatBank #PurchasesUkraine #Ukrainians'spending
How have Ukrainian bank deposit portfolios and investment returns changed? According to the year’s first half results, as of June the financial institutions with the two largest deposit portfolios were Privatbank (₴490.83B) and Oschadbank (₴201.4B). Also among the lead... #BankDepositsinUkraine #financeUkraine #InterestRate #nbu #oschadbank #PrivatBank #PUMB #UkrainianBanks #UniversalBank
One of the largest shopping centers in Dnipro was put up for auction for ₴430M. State-owned PrivatBank will auction the Pryozernyy Shopping Center – one of the largest in Dnipro, the bank said in a statement. The starting price of the lot is more than ₴430M ($10.5M), including VA... #Dnipro #PrivatBank #PrivatizationUkraine #PryozernyyShoppingCenter
The largest Ukrainian state bank predicts interest rate decreases on loans and deposits. As PrivatBank noted, these dynamics will be determined by the reduction of the NBU’s discount rate. A member of the NBU board, Yevhen Zaigraev, noted that the situation with client funds reflect... #Depositrates #financeUkraine #InterestRate #KeyPolicyRate #nbu #PrivatBank
The State Bank of Ukraine will provide exporters with loans of up to ₴10M covered by ECA insurance. PrivatBank and the Ukrainian Export Credit Agency (ECA) will finance exporting producers to purchase raw materials and equipment. The ECA will insure the bank’s risk for loans granted to fund th... #BusinessSupport #ECA #KredoBank #LoansforBusiness #PrivatBank
Thanks to OVDP, the return on the Ukrainian banks’ assets increased to 11.6%. According to the National Bank, the return on assets increased by 0.2 percentage points on average over the last year, up to 11.6% in the first quarter of 2024, primarily due to revenues from OVDP ... #CreditPortfolio #nbu #PrivatBank #UkraineBanksProfits #UkraineBond #UkraineDeposits #UkrainianBanks
Energy leads the ranking of the best businesses in Ukraine by turnover. The Opendatabot has published a new rating based on its index, which includes Ukrainian enterprises with the highest turnover and impeccable business reputations. The energy sector was recognized as t... #energyukraine #oschadbank #PrivatBank #PUMB #UkrainianBanks #UkrainianEnterprises #бізнесвУкраїні
Moody’s updated its forecast for the largest Ukrainian banks. International rating agency Moody’s confirmed the long-term and short-term ratings of Privatbank, Oschadbank, Ukreximbank, Raiffeisen Bank, Taskombank, Vostok and Pivdenny banks in hryvnia and f... #financeUkraine #Moodys #oschadbank #PrivatBank #RaiffeisenBank #UkrainianBanks
Ukrainian banks increased earnings by 100% compared to the last pre-war year. Through ten months of the year, Ukrainian banks earned ₴122.7B, more than twice as much as in the corresponding period of 2021, when their collective profit was ₴58.35B. State-owned PrivatBank and Osc... #oschadbank #PrivatBank #PUMB #RaiffeisenBank #UkraineBanksProfits #UkrainianBanks
Since the beginning of the year, banks have issued ₴82B in affordable business loans. Last week, 589 entrepreneurs received ₴2.4B in loans under the government program Affordable Loans 5-7-9%. Since the beginning of the year, banks have issued 22,400 business loans for ₴82B. PrivatBank... #5-7-9loanprogram #AffordableLoansUkraine #BankLoans #oschadbank #PrivatBank
The Ukraine banking system continues to increase its liquidity and profitability. The highest results were shown by banks that preferred NBU certificates of deposit, the Standard-Rating Agency reports. In the first half of 2023, the quality of banks’ loan portfolios declined.... #nbu #NPL #PrivatBank #UkraineBankingSystem #UkraineBanksProfits
The EBRD has given the Ukrainian state bank a €60M financing guarantee for Ukrainian business. PrivatBank and the European Bank for Reconstruction and Development have started cooperation on a risk-sharing program. As part of the program, Ukrainian entrepreneurs from critical industries will re... #ebrd #GrantsForBusiness #PrivatBank
PrivatBank increased its six-month net profit by almost 400%. The state-owned PrivatBank’s net profit for January-June 2023 amounted to UAH 29.75B, which is 370% higher than the figure for the same period in 2022. According to a PrivatBank report, in the s... #PrivatBank #PrivatBankProfits
Ukrainian banks break five-year profitability records. During the first five months of the year Ukrainian banks earned UAH 53.59B, 120% more than the corresponding period in 2021, according to Opendatabot. It is noted that this is the best result in at le... #financeUkraine #nbu #PrivatBank #UkraineBanksProfits #UkrainianBanks
Fitch updated PrivatBank’s rating to CCC-. Fitch Ratings has affirmed Joint-Stock Company Commercial Bank PrivatBank’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at CCC- and Long-Term Local-Currency (LTLC) at CCC. The Viabili... #CreditRatingUkraine #FitchRatings #PrivatBank #UkrainianBanks
Ten Ukrainian banks provided 95% of the banking industry’s profits. According to 2022’s results, most banks in the country stood their ground, and some even managed to improve their performance compared to 2021, Opendatabot informs. The total bank profit last year was... #PrivatBank #UkraineBanksProfits #UkrainianBanks
The largest state bank’s profits fell by more than 50%. The net profit of the state-owned PrivatBank for the first nine months of 2022 amounted to UAH 13.8B. The bank said this is UAH 7.4B (54%) less than the result for last year’s corresponding peri... #PrivatBank #PrivatBankProfits
In May, Ukrainian banks earned UAH 6.1B. The main share of profit, 78% or UAH 4.8B, was earned by the state-owned Privatbank, reported opendatabot. Ukrgasbank also made a small profit of UAH 400M. On the other hand, other state-owned banks c... #BankingUkraine #OTPbank #PrivatBank #UkraineBanks #Ukrsibbank
PrivatBank’s profits for the first half of the year decreased by almost 50%. In January-June 2022, PrivatBank earned UAH 6.3B in profit, compared to UAH 11.6B for the same period last year, as reported by the bank. It is noted that during the war, the amount of uncollected in... #PrivatBank #privatbankearnings #PrivatBankUkraine
Card terminals usage shows that the Ukrainian economy is gradually returning to work. The number of non-cash payment terminals owned by PrivatBank increased by 42% in two weeks, with small businesses resuming card payments more actively, reported epravda.com. Thus, with the beginning ... #businessinukraine #CreditCardUsage #PrivatBank
The Payoneer payment platform has been integrated into Privat24. As a result, users will be able to link their accounts and withdraw funds to bank cards. The state-owned PrivatBank and the Payoneer payment system have launched integration into the Privat24 mobile ... #Payoneer #Privat24 #PrivatBank
PrivatBank has agreed with Ria Money on direct transfers from abroad to Ukrainian cards. PrivatBank and Ria Money Transfer have expanded the possibilities of sending direct transfers from abroad to Ukrainian cards. The card transfer service between all Ria partner banks in Ukraine has be... #MoneyTransfer #PrivatBank #RiaMoney
PrivatBank allocates UAH 2B for small business lending. The bank has opened the acceptance of applications for financing micro / small businesses that are exporters or work in critical areas for the state in halting Russian aggression and overcoming its co... #BankingUkraine #Lending #PrivatBank
Ukrainian banks have calmly met the outflow of deposits, reported Forbes.ua. Due to the deterioration of the information environment in January, there was a moderate outflow of deposits, up to 5% of the total, out of which one-third can be explained by seas... #AlfaBank #oschadbank #outflowdeposits #PrivatBank #ReiffeisenBankUkraine
PrivatBank reduced the POS-terminals fee to 1.8%. From January 15, the state-owned PrivatBank has set a single basic fee for business customers for acquiring services at outlets (acceptance of payments by bank cards) of 1.8%. According to the press s... #POSfees #POSterminalfee #PrivatBank #PrivatBankUkraine #UkraineBanking
The net profit of Ukrainian banks has grown by 50%. During the first ten months of 2021, the net profit of the banking sector reached UAH 58.4 bln ($2.15 bln). This is almost 50% more than in the corresponding period of 2020. Privately held bank FUIB e... #PrivatBank #RaiffeisenBank #UkraineBanks #UkraineBanksProfits
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... #PrivatBank #PrivatBankPrivatization
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... #PointofSaleApp #PrivatBank #TerminalSolutionApp #Visa
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, ... #IntelExpress #MoneyTransfers #PrivatBank
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... #oschadbank #PrivatBank #privatization
PrivatBank’s profit exceeded UAH 21 bln ($766 mln) in the first nine months of 2021. ” The amount was almost equal to the amount of profit for the same period last year (UAH 21.3 billion). The revival of business activity in Ukraine and a balanced risk management policy led to a... #PrivatBank #PrivatBankProfits #PrivatBankUkraine
PrivatBank, Ukraine’s largest bank, will put up for sale ‘soon,’ announced Kyrylo Shevchenko, the Governor of the National Bank of Ukraine, (GlobalCapital). “The privatization of PrivatBank, which owns 20% of the Ukrainian banking market, will be of interest to the... #BankingUkraine #PrivatBank #privatizationofPrivatBank
Railroad stations Railroad stations concessions to private operators. First in line are: Kyiv-Passenger and Vinnytsia. Next in line are: Dnipro-Main, Kharkiv-Passenger, Mykolaiv, Chop and Khmelnitsky. Minister Krikliy ... #ConsessionsinUkraine #NewBuseesforUkraine #NewtransportforUkraine #OlexandrDubilet #PrivatBank #publictransportationupgrade #RiverLocks #SkiResorts #UkraineSeaPorts
Seaport concessions: Seaport concessions: Chornomorsk ferry, Chornomorsk container; Odesa passenger; Berdyansk, Izmail and Mariupol. Last year’s concessions to private foreign investors of parts of Kherson and Olvia, in M... #ConsessionsinUkraine #NewBuseesforUkraine #NewtransportforUkraine #OlexandrDubilet #PrivatBank #publictransportationupgrade #RiverLocks #SkiResorts #UkraineSeaPorts
Ski resorts: Ski resorts: Construction starts this year on two resorts in the Carpathians – Borzhava in Zakarpattia, and Slavske in Lviv. Austrian investors interested in Borzhava. #ConsessionsinUkraine #NewBuseesforUkraine #NewtransportforUkraine #OlexandrDubilet #PrivatBank #publictransportationupgrade #RiverLocks #SkiResorts #UkraineSeaPorts
High speed rail High speed rail: China, Italy, South Korea and Turkey are interested in building a fast train network across Ukraine. “The only tool for building high-speed train networks is a concession – to r... #ConsessionsinUkraine #NewBuseesforUkraine #NewtransportforUkraine #OlexandrDubilet #PrivatBank #publictransportationupgrade #RiverLocks #SkiResorts #UkraineSeaPorts
EU rail gauge EU rail gauge: Preliminary work on restoring a 20 km section of EU narrow track to connect Uzhhorod with Chop, the Ukrainian border town with rail ties to Hungary and Slovakia. By rebuilding this Haps... #ConsessionsinUkraine #NewBuseesforUkraine #NewtransportforUkraine #OlexandrDubilet #PrivatBank #publictransportationupgrade #RiverLocks #SkiResorts #UkraineSeaPorts
Electrification: Electrification: The European Investment Bank has promised to finance the electrification of tracks to Lysychansk and Severnodonetsk, Kava said. This would almost cut in half – to eight hours — ... #ConsessionsinUkraine #NewBuseesforUkraine #NewtransportforUkraine #OlexandrDubilet #PrivatBank #publictransportationupgrade #RiverLocks #SkiResorts #UkraineSeaPorts
River locks River locks: The European Investment Bank and the Infrastructure Ministry are preparing an agreement to rebuild the locks on the six dams of the Dnipro cascade. “This year is a preparatory year for us... #ConsessionsinUkraine #NewBuseesforUkraine #NewtransportforUkraine #OlexandrDubilet #PrivatBank #publictransportationupgrade #RiverLocks #SkiResorts #UkraineSeaPorts
The Finance Ministry depressed yields on five out of six bonds sold yesterday at auction The Finance Ministry depressed yields on five out of six bonds sold yesterday at auction, the Ministry reports on Facebook. For the hryvnia bonds, yields ranged from 9.2% for 3-month bonds to 12.05% f... #ConsessionsinUkraine #NewBuseesforUkraine #NewtransportforUkraine #OlexandrDubilet #PrivatBank #publictransportationupgrade #RiverLocks #SkiResorts #UkraineSeaPorts
“Given still light positioning, there is a potential for ongoing massive foreign inflows into UAH bonds,” “Given still light positioning, there is a potential for ongoing massive foreign inflows into UAH bonds,” ICU predicted yesterday in a 20-page report on the government hryvnia bond market, “UAH bonds ... #ConsessionsinUkraine #NewBuseesforUkraine #NewtransportforUkraine #OlexandrDubilet #PrivatBank #publictransportationupgrade #RiverLocks #SkiResorts #UkraineSeaPorts
The Prosecutor General’s Office yesterday charged Oleksandr Dubilet, former CEO of PrivatBank, with forgery and embezzlement of the equivalent of $5 million The Prosecutor General’s Office yesterday charged Oleksandr Dubilet, former CEO of PrivatBank, with forgery and embezzlement of the equivalent of $5 million on the day before the bank was declared ins... #ConsessionsinUkraine #NewBuseesforUkraine #NewtransportforUkraine #OlexandrDubilet #PrivatBank #publictransportationupgrade #RiverLocks #SkiResorts #UkraineSeaPorts
In the embezzlement case, prosecutors charged two other former executives of PrivatBank. In the embezzlement case, prosecutors charged two other former executives of PrivatBank. After it was declared insolvent, the bank was bailed out with $5 billion in public money. One of the former exe... #ConsessionsinUkraine #NewBuseesforUkraine #NewtransportforUkraine #OlexandrDubilet #PrivatBank #publictransportationupgrade #RiverLocks #SkiResorts #UkraineSeaPorts
Kolomoisky and his business partner Gennadiy Bogolyubov were not charged in the embezzlement case. Kolomoisky and his business partner Gennadiy Bogolyubov were not charged in the embezzlement case. But they are under investigation in the United States for allegedly laundering money from Ukraine to ... #ConsessionsinUkraine #NewBuseesforUkraine #NewtransportforUkraine #OlexandrDubilet #PrivatBank #publictransportationupgrade #RiverLocks #SkiResorts #UkraineSeaPorts
