The Slovenian company Riko in August this year will begin the construction of a solar power plant with a capacity of 10.6 MW near Zhytomyr, mayor of the regional center Serhiy Sukhomlin, who signed a contract with director of the Slovenian company Janez Skrabec, has said. “The plant will be built near the village of Hlybochytsia on a plot of 18 hectares. It is planned to complete the work by August 2019 … Special thanks to the members of the government of the Republic of Slovenia for the issue of EUR3 million grant funds for this project,” Sukhomlin wrote on Facebook.
He noted this is the second project that Riko will implement in Zhytomyr: previously Slovenia won a tender for the reconstruction of the drinking water pumping station of municipal enterprise Zhytomyrvodokanal.
Deputy Prime Minister, Minister of Regional Development, Construction, Housing and Utilities Services of Ukraine Hennadiy Zubko, in turn, congratulated Zhytomyr with the launch of such an ambitious project and expressed belief that the city has all chances to become Ukraine’s first city having its own solar power plant. “Financing the project: credit facilities plus financial support from the government of Slovenia plus city guarantees,” Zubko wrote on his Facebook page. He also noted that the future effect for Zhytomyr is about EUR1.65 million of additional revenue per year, and also the reduction in carbon dioxide emissions.
One troy ounce=31.10 grams
Kyiv-based Lavina Mall LLC, the owner of the Lavina Mall shopping and entertainment center, in January-June 2018 saw UAH 184.2 million of net profit compared with net loss of UAH 83 million a year ago. According to a company’s report, net revenue grew 2.3-fold, to UAH 316.7 million.
Gross profit quintupled, to UAH 196 million, and the company saw a 3.7-fold rise in operating profit, to UAH 256.7 million.
Uncovered loss in H1 2018 fell by 47%, to UAH 164.8 million.
Total bills receivable over the period grew by 31%, to UAH 671 million.
Noncurrent liabilities grew by 5%, to UAH 1..73 billion, and current liabilities fell by 17%, to UAH 833.8 million.
Lavina Mall was opened early December 2016.
Developer of Lavina Mall was Megaline (Kyiv).
The legal merger of Alfa-Bank Ukraine and Ukrsotsbank (Kyiv) will be completed in H1 2019, Alfa Group CEO in Ukraine and Board Chairman of Ukrsotsbank Ivan Svitek has said.
“The legal merger is scheduled for the first half of the next year, but before the merger of the two giants as Alfa and Ukrsotsbank, and there have not yet been such mergers in the Ukrainian market, we need to do a lot of preparatory work. We are now trying to transfer all active clients of Ukrsotsbank to the Alfa platform. Our goal, to which we are systematically moving, is the transfer of 75% of all active clients, including in business volumes, to Alfa Bank’s balance sheet by the end of 2018,” Svitek said in a joint interview with Board Chairperson of Alfa Bank Ukraine Victoria Mykhailo with Interfax-Ukraine.
According to Mykhailo, during the preparation for migration, a soft format “2 in 1” was developed, when branches of two banks – Ukrsotsbank and Alfa-Bank are located on the Ukrsotsbank platform.
“Using this format, we can immediately tell Ukrsotsbank’ clients, while they use the usual service in the convenient branch, about all the benefits of switching to Alfa-Bank. The main argument, of course, is Alfa’s technological effectiveness. We took a lot of cool ideas and projects of Ukrsotsbank, including, for example, the Carbon card loved by customers, so clients in the 2-in-1 offices in a convenient format transfer liabilities from Ukrsotsbank to Alfa with a bonus and get more premium cards and products,” she said.
Mykhailo added that often for a client nothing changes in the current work with the bank: it is served by the same managers as before, but now employed in Alfa Bank.
Commenting on the optimization of the regional network, Mykhailo said that currently two banks are entering the final wave of migration, in which from 301 branches of Alfa-Bank and Ukrsotsbank as of the beginning of this year only 241 branches of Alfa-Bank and 8 hubs in different regions, which will work in the “2 in 1” format will remain by the end of the year.
The net profit of Raiffeisen Bank Aval (Kyiv) in January-June 2018 totaled UAH 2.72 billion, which is 0.5% more than a year ago (UAH 2.738 billion).
According to a financial report on the bank’s website, net profit in Q2 2018 accounted for UAH 1.371 billion, which is 6.4% more than in Q2 2017.
Net interest-bearing income in H1 2018 grew by 24.3%, to UAH 3.404 billion.
The loan profit of the bank fell by 48.2%, to UAH 510.006 million, and non-interest income – by 15.3%, to UAH 233.123 million.
Non-interest expenses grew by 12.7%, to UAH 1.927 billion.
The bank’s assets rose by 3.2% in H1 2018, reaching UAH 68.411 billion, including loans issued to clients rose by 12.3%, to UAH 41.393 billion.
The charter capital decreased 0.02%, to UAH 6.153 billion and net worth – by 14.9%, to UAH 9.285 billion.
Raiffeisen Bank Aval was founded in 1992. According to its data, as of January 1, 2018 Raiffeisen Bank International owned 68.28% of the charter capital of the financial institution, the European Bank for Reconstruction and Development (EBRD) some 30%.
Raiffeisen Bank Aval ranked fifth among 84 operating banks in terms of assets as of June 1, 2018 (UAH 69.317 billion), according to the National Bank of Ukraine.
