Non-bank financial institutions signed financial leasing agreements for around UAH 26.3 billion in 2019, which is 18.3% or UAH 4 billion more than in 2018, a member of the National Commission for Financial Service Markets of Ukraine Oleksandr Zaletov has told Interfax-Ukraine.
According to him, over the year the number of concluded financial leasing agreements increased 50%, or by 5,200 documents, and amounted to about 15,500 agreements.
According to Zaletov, a significant increase in financial leasing was mainly thanks to increased financing of these operations through bank loans, funds from international financial institutions and the issuance of debt securities by lessors. In particular, the volume of attracted loans at the end of 2019 amounted to UAH 5.8 billion, which is 20%, or UAH 962 million, more than in the previous year. The corporate bond issue amounted to UAH 254 million (70.9%, or UAH 105 million more). Funds of international financial institutions invested in the financial leasing market amounted to UAH 496 million.
Zaletov named deregulation in this market as another factor in the growth of financial leasing, which contributed to the influx of capital, including foreign one. So, according to the decisions of the National Commission, not only financial institutions, but also other licensed legal entities can be involved in financial leasing transactions.
As of the end of 2019, there were 439 financial institutions in Ukraine authorized to provide financial services. They account for 6.1% of the volume of this market. The remaining 93.9% are 113 legal entities that are not financial institutions, but have received a license to provide financial services. At the same time, share of the 20 largest legal entities-lessors is 93.4%. The largest growth in the provision of financial leasing services by legal entities-lessors in 2019 was in the following categories: natural persons – 149.7%, individual entrepreneurs – 61.4%, and legal entities – 16%.
PrJSC Volodymyr-Volynsky poultry factory (Volyn region), one of the largest poultry producers in Ukraine, received UAH 131.65 million in net profit in 2019, which is 5.8 times more than in 2018.
According to a company report on the annual meeting of shareholders scheduled for April 28, its assets decreased by 2.8% over the year, to UAH 1.55 billion.
Retained earnings increased by 5.8 times, to UAH 131.65 million, total debtor indebtedness by 35.2%, to UAH 254.25 million.
PrJSC Volodymyr-Volynsky poultry factory is a Ukrainian-Dutch enterprise, is one of the five largest producers of chicken in Ukraine, occupying about 6% of the market. The infrastructure of the poultry farm includes 100 poultry houses located at 11 poultry breeding grounds, a slaughterhouse and a feed mill, as well as land for growing feed.
The Black Sea Trade and Development Bank (BSTDB) has said that the bank is ready to send around EUR 9000 million to help the sectors affected by the coronavirus disease COVID-19 spread.
“The bank intends to refocus its financing of approximately EUR 900 million, planned for new operations in 2020, to assist the sectors and industries most affected by the turmoil caused by the COVID-19 infection,” the bank said in a press release issued on Tuesday.
The bank said that in these difficult times the BSTDB is sympathetic to the efforts its member states make to contain the spread of the coronavirus and reduce the negative impact it has on human lives, societies and economic activity.
“We will offer additional technical assistance to affected clients to facilitate project preparation, including business plans, feasibility studies, environmental impact assessments, etc. The Bank will focus on assisting municipalities, utilities, manufacturing and pharmaceutical companies being on the front line of the fight against COVID-19,” the bank said.
The BSTDB is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine.
Nova Poshta group of companies is launching the medicines delivery service throughout Ukraine, the company’s press service said on Tuesday, March 24.
“With the introduction of quarantine and transport restrictions, the government strongly encourages Ukrainians to stay at home. We have already launched a test delivery of food products in Dnipropetrovsk region and support the government’s decision, which allows us to provide the convenient medicines delivery service,” the press service of Nova Poshta said, citing CEO Oleksandr Bulba.
According to the statement, medicines will be delivered to Nova Poshta offices, pick-up and drop-off points or by couriers throughout Ukraine.
To date, the company begins selling medicines together with Liki 24 Internet portal. In the future, the company plans to connect other partners who sell medicines.
Nova Poshta said that this refers to the delivery of medicines and related products and does not apply to narcotic drugs, psychotropic substances, heavy and toxic medicines, the storage of which is prohibited in Ukraine.
Ukrainian business is backing medical workers in the conditions of quarantine imposed over the coronavirus disease COVID-19 pandemic, and is actively buying lungs artificial ventilation machines and other required equipment.
In particular, IMC Agroholding CEO Alex Lissitsa told Interfax-Ukraine that he plans to send about UAH 20 million to the fight against COVID-19.
According to him, part of the funds has already gone to the purchase of a laboratory for the diagnosis of COVID-19 for Chernihiv region. In addition, according to Lissitsa, the IMC intends to purchase 20,000 tests for 11 district hospitals in Chernihiv, Poltava and Sumy regions and 100,000 masks.
Agroprodservice of businessman Ivan Chaikivsky plans to send UAH 3 million to the budgets of district hospitals, where the company processes the land (Ternopil, Ivano-Frankivsk, Lviv and Kherson regions).
The Milk Alliance Group allocated UAH 100,000 for the purchase of necessary medical supplies and personal protective equipment and disinfectants to medical institutions in the areas where the group has enterprises: Zolotonosha district multidisciplinary hospital, Yahotyn central district hospital and Yahotyn primary health care center. Also, disinfectants, chlorine and washing solutions were provided to medical institutions.
Using the contribution of Board Chairman of Alef Corporation Vadym Yermolaev, Kiddo Charitable Foundation bought a Savina 300 artificial lungs ventilation machine, as well as respirators of protection class FFP2, FFP3 for the medical staff of Dnipropetrovsk region, thanks to which the number of masks in the region’s hospitals has quadrupled, but still remains insufficient.
The Darnitsa pharmaceutical company allocated funds for the purchase of three artificial lungs ventilation machines for Ukrainian hospitals as part of the initiative of the Zagoriy Foundation and the Ukrainian Philanthropic Marketplace to raise funds for the purchase of 50 artificial lungs ventilation machines.
Using the funds of businessman Pavlo Fuks, two digital X-ray diagnostic complexes OPERA RT 20 with a total value of UAH 13.4 million will be installed in City Hospital No.17 and Kharkiv City Clinical Multidisciplinary Hospital No.25 within 5-7 days.
OKKO will finance 20,000 trips for medical workers through the Uber service, 20,000 trips through Uklon and 10,000 through Bolt.
Restaurant chains Tarantino Family, Mafia, MisterCat, PapaFeta and This is Pivbar organized the delivery of home cooked food for Kyiv doctors. These restaurant chains work with the Oleksandrivska Hospital, the Institute of Neurosurgery named after Romodanov, Children’s Hospital No. 2, Children’s Hospital located at 23, Dehtiarivska Street, and Hospital No. 4 at 17, Solomianska Street. The plans of cooperation of restaurateurs are to increase delivery to 2,000-3,000 hot lunches daily. For these purposes, a separate transport, separate kitchens and separate couriers are provided.
The mobile communications operator lifecell provided healthcare workers with free 20 GB and 1,500 minutes of calls in Ukraine for the period until April 30, 2020.
The Kyivstar mobile operator provided free access to the Doctor Online application with the ability to consult a doctor via chat, audio or video call (previously the cost of the consultation in the application was UAH 50).
The Shafa marketplace launched a charity marathon #rozvantazhuyus in order to support health workers. Marketplace will direct all its profits from the sale of things of the marathon participants from March 24 to March 27 to the urgent needs of hospitals. The funds will be transferred to the Tvoya Opora charitable foundation.
The charitable foundation Lifelover, Garik Korogodsky and Tina Mikhailovskaya, provided 2,000 grocery sets for elderly people. Separately, the Department of Social Policy of the Kyiv City Administration in conjunction with the Lifelover foundation will provide 390 children with disabilities, living only with their mothers, with essential kits.
The NOVUS trading network has provided 10,000 essential kits.
Arzinger Law Firm created the Anti-Crisis HelpDesk, highlighting a team of specialists who can be contacted on issues related to COVID-19, economic and other challenges that may have consequences for business.
The Barristers Lawyers Association during quarantine provides free advice to employees of healthcare institutions on criminal and administrative liability, as well as on the observance of the legal rights and interests of health workers.
The microcredit company Moneyveo announced a donation of UAH 3 million for the purchase of artificial lungs ventilation machines for Ukrainian hospitals.
Accordbank set a rate of 0.001% on previously granted consumer loans to health workers and canceled all types of fees under contracts.
PrivatBank allocated EUR 1 million to supply 28 hospitals with artificial lungs ventilation machines and other equipment necessary for overcoming the consequences of the COVID-19 pandemic. Four machines have already been delivered to hospitals in Kyiv, Odesa and Lysychansk.
A Ukrainian National Guard’s Antonov An-26 aircraft has delivered medical items to deal with the coronavirus infection from China to Lviv, a report posted on the Lviv International Airport’s Facebook account says.
“Arrived! Express tests for diagnosing coronavirus, medical facemasks of various level of protection, coverall suits and other articles necessary for countering epidemic spread,” the report says.
