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
Bankers do not expect a change in the key policy rate by the end of the year, but there are risks. Ukrainian bankers believe that the Board of the NBU will leave the discount rate at the current level of 13% per annum at a meeting on Thursday. “However, a return to tightening monetary policy ... #financeUkraine #KeyPolicyRate #nbu #OTPbank #PravexBank #RaiffeisenBank #UkrainianBanks
For the first time, a Ukrainian furniture exporter receives a financial guarantee for the transit of goods through 35 European countries. The largest furniture exporter from Ukraine, the Accord company, became the first to take advantage of a new mechanism to issue financial guarantees for customs operations while transporting goods thr... #Accord #CustomsVisaFree #FinancialGuarantee #FurnitureExport #RaiffeisenBank #UkraineExport
The largest European banks increased their contributions to the Russian budget by 300%. The largest European banks that are still operating in Russia paid more than €800M in Russian taxes in 2023, which is 300% more than before the start of the full-scale war. In particular, we are talki... #DeutscheBank #EuropeanBanks #OTPbank #RaiffeisenBank #RussiaBudget
Raiffeisen has launched commercial war risk insurance and will insure ₴1B worth of property. Raiffeisen Bank has launched a new service in the Ukrainian market for business clients to insure various types of property against war risks. Insurance companies will provide coverage for property th... #ARX #INGO #InsuranceUkraine #MilitaryRiskInsurance #RaiffeisenBank #UNIVERSALNA #WarRisks
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
Raiffeisen Bank is considering leaving Russia. The Austrian group, Raiffeisen Bank International, is considering leaving Russia – it could be the first European bank to sever ties with the aggressor since the start of the war. However, such ... #RaiffeisenBank #RaiffeisenbankRussia
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
Raiffeisen Bank Aval changed its name yesterday to Raiffeisen Bank, the largely Austrian-owned bank said yesterday. “The name of the bank should be simpler, like everything for our clients,” said Board Chairman Oleksandr Pysaruk. In connection with the renaming, the b... #RaiffeisenBank #RaiffeisenBankUkraine
