Business news from Ukraine

BANK CREDIT DNEPR DOUBLES NET LOSS IN Q1

The net loss of Bank Credit Dnepr (Kyiv) for January-March 2018 amounted to UAH 116.924 million, which is twice as much as in the same period of 2017.
According to the financial report posted on the bank’s website, its net interest income decreased by 36.9%, to UAH 40.23 million, net commission income by 30%, to UAH 29.873 million. Other non-interest loss amounted to UAH 24.105 million against UAH 30.15 million of other non-interest income in January-March 2017.
Operating expenses increased by 4%, to UAH 127.942 million.
The bank’s assets for the three months decreased by 9.36%, to UAH 8.417 billion. The loan portfolio was almost unchanged and by the end of March stood at UAH 4.116 billion.
In liabilities, the deposit portfolio decreased by 8.13%, to UAH 7.658 billion
Bank Credit Dnepr was founded in 1993. Its only owner is Victor Pinchuk.
The bank ranked 21st among 84 operating banks in the country as of January 1, 2018 in terms of total assets (UAH 9.411 billion), according to the National Bank of Ukraine.

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PIG BREEDING COMPANY WITH 100% DANISH CAPITAL TO BUILD MEAT PROCESSING PLANT IN UKRAINE

The pig breeding company with 100% with Danish capital Goodvalley Ukraine (Ivano-Frankivsk region) plans to build a meat processing plant on the territory of Viktorivka rural council in Halych district of Ivano-Frankivsk region. According to the Halych District Administration, the memorandum of understanding was signed by the district administration, district council, town council and Goodvalley Ukraine LLC on May 4, 2018.
The discussion about the site for locating this production facility was held for the past several years.
“Several districts of Ivano-Frankivsk region competed for this investment: the choice of the location of the future production complex is linked to the fact that there are pig-breeding complexes of the company, fields for growing raw materials in Halych district, and a biogas plant is being built in the village of Tustan,” the district administration said.
As reported, Danosha from March 16, 2018 was renamed Goodvalley Ukraine.

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BORSCHAHIVSKY PHARMACEUTICAL PLANT ENTERS THREE NEW MARKETS (AUSTRALIA, ESTONIA. PORTUGAL) IN 2017

PJSC Borschahivsky Chemical and Pharmaceutical Plant (Kyiv) in 2017 began exporting its products to Australia, Estonia and Portugal, the press service of the plant has reported. At present, the plant’s products are exported to 19 countries, including Lithuania, Latvia, and the CIS countries. At the same time, the share of exports in total sales in 2017 was 12.2%.
“In 2017 the company exported products worth UAH 152.3 million, which is 37% more than in the previous year,” the report said.
As reported, in April 2018 the Credit-Rating agency raised the long-term credit rating of the plant to the level of uaAA+ with a stable outlook.
Earlier, the plant announced its intention to expand the portfolio of veterinary drugs and biologically active additives.
PJSC Borschahivsky Chemical and Pharmaceutical Plant is one of the top 20 largest pharmaceutical manufacturers in Ukraine. It is a member of the Manufacturers of Medications of Ukraine Association.

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FACEBOOK IS IN TOP-10 INTERNET RESOURCES BY POPULARITY IN UKRAINE, AUDIENCE REACHES 65%

Facebook.com in April 2018 became the only social network that entered the top ten Internet resources in Ukraine in terms of popularity, according to the Kantar TNS CMeter research conducted by Kantar TNS. According to a press release posted on Kantar TNS’ website, Facebook.com ranks third with an audience reach of 65.38%. The leaders are Google.com with a coverage of 98.18% and Youtube.com with 80.1%.
At the same time, Russian Internet services and social networks, banned in the spring of 2017 in Ukraine, have enough percentage to hit the top 25 popular websites: Vk.com (29.98%) ranks 11th, Yandex.ua (22.89%) ranks 13th, Mail.ru (20.74%) ranks 14th, and Odnoklassniki.ru (15.86%) ranks 23rd.
The CMeter study unties data from three sources: site-centric counters integrated into the websites. At the moment, about 250 websites are studied, of which about 30 with video fixation. Frame-centric counters are installed not on the website, but in the frame of the banner network. At the moment, these counters are used at more than 2,500 websites. The user-centric panel covers about 5,000 respondents daily, along with the standard indicators (hits, coverage, socio-demographic, etc. indicators for all the sites contacted by the respondent), it also records the panelists’ contact with the content.
Data from all the sources are combined in real time, which guarantees no data loss.

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UKRAINE INCREASES IMPORT OF NICKEL ORE IN JAN-FEB

Ukraine in January-April 2018 increased imports of nickel ore and concentrate in natural terms by 6.6% compared to the same period in 2017, to 458,917 tonnes. According to customs statistics released by the State Fiscal Service, in monetary terms nickel ore imports increased by 7%, to $22.155 million.
Imports were made from Guatemala (60.81% of supplies in monetary terms), and Indonesia (39.19%).
During the first four months of the year, Ukraine did not export and re-export these products, as well as in January-April 2017.
As reported, Ukraine in 2017 reduced imports of nickel ore and concentrate in natural terms by 4.2% compared to 2016, to 1.314 million tonnes, in monetary terms by 8.3%, to $64.172 million. At the same time, all imports were made from Guatemala (100% of supplies).

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