Shareholders of TAScombank (Kyiv) at a general meeting on June 14 will consider approving profit for 2021 in the amount of UAH 456.062 million and directing 44%, or UAH 200 million, to the formation of reserves.
According to the bank’s announcement in the information disclosure system of the National Securities and Stock Markets Commission, the remaining profit of UHA 256 million is planned to be left undistributed.
The bank also plans to refuse to pay dividends to shareholders based on last year’s results.
As reported, in 2020, the bank’s net profit amounted to UAH 381.112 million.
According to the NBU, at the beginning of 2021, the main owner of TAScombank was Sergiy Tigipko (99.93% of shares).
According to the NBU, as of March 1, 2022, TAScombank ranked 16th (UAH 30.632 billion) in terms of total assets among 69 banks operating in the country.
According to preliminary calculations, Kyiv city budget will lose one third of its revenues, i.e. more than UAH 20 billion, because of the Russian aggression, according to the press service of mayor of the Ukrainian capital Vitali Klitschko.
He noted that today it is impossible to calculate this amount accurately because the war is still going on. “It is not quite correct to make monthly calculations because the budget is envisaged for one year. In general for 2022 we, according to preliminary calculations, will receive a third of the budget shortfall. That is more than UAH 20 billion. But, I emphasize, that these are preliminary estimates,” Klitschko said on the air of radio NV.
The mayor noted that at present the city’s economy is slowly coming back to life, businesses are coming back to work. Also, the percentage of payment for utility services provided is growing in the capital.
“For example, 55% of Kyiv citizens paid for utilities for March. And I am very grateful to them for that since these funds were spent for the necessary materials. They were spent on salaries to employees of enterprises, who, often risking their lives, provide the city with all services,” Klitschko said.
The World Health Organization (WHO) handed over 20 all-terrain ambulances to Ukraine’s Ministry of Health, capable of operating even in the most damaged and hard-to-reach areas, the WHO press service in Ukraine said Monday.
In addition, WHO has already delivered 393 tonnes of medical supplies and equipment to Ukraine. Of this amount, 167 tonnes have already reached their destination, mostly in the east, south and north of the country.
State-controlled PrivatBank (Kyiv) issued UAH 6 billion in loans to 2,300 agricultural producers for the sowing campaign, the bank’s press service reported on Saturday.
“Ukrainian agricultural enterprises and farmers have already received UAH 6 billion of preferential loans for sowing from PrivatBank. Funding for spring work has been provided to 2,300 farms under the state program of preferential lending to agricultural producers,” the report says.
As reported, PrivatBank began issuing agricultural loans under the state support program on March 24. The program provides loans in the amount of up to UAH 5 million without collateral and insurance, as well as interest rate compensation, due to which customers pay 0% per annum with a one-time commission payment of up to 1% of the loan amount.
In order to receive a loan in the amount of more than UAH 5 million, the agricultural producer must additionally pledge agricultural machinery, which will provide at least 20% of the loan amount.
According to the statistics of the National Bank of Ukraine, as of January 1, 2022, PrivatBank ranked first in terms of total assets (UAH 582.85 billion) among 71 banks operating in the country.
Ukraine in terms of the total area of crops in the current season is lagging behind compared to last year’s figures, the lag depending on the crop is from 20% to 30%, Minister of Agrarian Policy and Food Mykola Solsky said at a briefing at the Ukrainian Media Center on Monday.
“The quality of crops is significantly worse compared to previous years for obvious reasons. This is already very bad for world markets and even worse in the medium or long term,” he added.
According to the minister, in addition to the military invasion of the Russian Federation, the course of the sowing season is negatively affected by a number of factors, primarily logistical ones.
“The sowing campaign in Ukraine is quite active. There are understandable difficulties, primarily with logistics. Farmers and agricultural enterprises spend less money on basic things – seeds, herbicides. They save as much as possible, given the interruptions in diesel. Obviously, there are losses in time, let’s call it that, because the curfew, the movement of equipment, some equipment went to the front, there are also fewer people left,” Solsky specified.
According to him, there are difficulties with the storage of agricultural products and fuel. The combination of these factors leads to both a decrease in the volume of agricultural products produced and a deterioration in its quality.
As reported, during the sowing season-2022, by May 5, Ukraine sowed 7.1 million hectares of land with the main agricultural crops, which is 49.3% of the 14.4 million hectares planned for the current season. During the week of April 28 – May 5, 2.71 million hectares were sown.
According to the data published on its website, as of May 5, the area under sunflower crops is 2.4 million hectares (+1.03 million hectares per week), corn – 1.98 million hectares (sowing started this week), spring barley – 853.8 thousand hectares (sowing completed), spring wheat – 186.1 thousand hectares (+10.3 thousand hectares), oats – 153.5 thousand hectares (+9.5 thousand hectares), peas – 116.3 thousand ha (+3.3 thousand ha).
Prime Minister of Ukraine Denys Shmyhal said on April 20 that Ukraine will sow approximately 14.2 million hectares of agricultural land this season, which is 80% of last year’s figure of 16.9 million hectares.
President of Ukraine Volodymyr Zelensky has said that the government should speed up the transportation of fuel from European ports to Ukrainian consumers.
“The key task for government members is to speed up the transportation of fuel from European ports to our consumers. The volume of such transportation should increase daily,” Zelensky said in a traditional video message on Saturday.
He said that at present, everything is being done to ensure that the state fulfills all social obligations, despite the budget deficit due to the destruction of the Ukrainian economy by the Russian army.
At a meeting with members of the government on Saturday, Zelensky recalled that the issue of fuel shortage was raised last week. “At the beginning of last week, we agreed that we would resolve the issue this week. The week is ending,” Zelensky said.
In turn, First Deputy Prime Minister, Minister of Economy Yulia Svyrydenko called the main problem – the logistics of receiving fuel for Ukraine in Eastern European ports.
“If you look at imports, over the past five days we have been importing exactly the same amount, even a little more, than we consume. Europe was simply not ready: not even in terms of resources, but in terms of logistics. We have a bottleneck – these are ports, European ports,” she said.
“We have Gdansk, Gdynia, Swinoujscie, Constanta, Burgas – there is a traffic jam. We asked [Foreign Minister] Dmytro Kuleba to get involved already at the international level – to ask for a green corridor for Ukraine in these ports,” Svyrydenko added.
