Kyiv Mayor Vitali Klitschko has invited football fans to Kyiv to visit the UEFA Champions League 2018 final to take place in Kyiv on May 26. A video clip where Klitschko jointly with head coach of the national team of Ukraine and UEFA Champions League final ambassador Andriy Shevchenko took part was posted by Klitschko on his Facebook page. “Friends, Kyiv is preparing for a large sports event that will host for the first time – the UEFA Champions League final. We expect that around 100,000 guests would visit our city,” Klitschko wrote.
He said that a Ukrainian creative team worked on the video clip. Funds from the Kyiv city budget were not spent on making the clip.
The shareholders of PJSC Raiffeisen Bank Aval (Kyiv) at an annual meeting on April 27 approved the payment of UAH 4.244 billion in dividends for 2017 (approximately 6.9 kopecks per share), the bank has said. According to its report, the bank’s net profit for the past year amounted to UAH 4.469 billion, of which UAH 700,000 will be used to pay dividends to the holders of preferential shares, and almost UAH 223.5 million to the reserve fund of the bank.
The shareholders also decided to change the type of the joint-stock company to a private joint-stock company, in connection with which the name of the bank was changed from PJSC Raiffeisen Bank Aval to JSC Raiffeisen Bank Aval, the release said.
The shareholders elected the supervisory board headed by Martin Grull. Andriy Stepanenko became his deputy. The members of the supervisory board were elected Joseph Eberle, Harald Kroeger, Robert Fritz, Andreea Moraru, Anna Derevyanko, Pavlo Sheremeta, and Daniel Bilak. 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 EBRD some 30%. Raiffeisen Bank Aval ranked fifth among 84 operating banks in terms of assets as of January 1, 2018 (UAH 72.108 billion), according to the National Bank of Ukraine.
The revenues of Metinvest B.V. (the Netherlands), the parent company of Metinvest mining and metallurgical group, in February 2018 decreased by 9.4%, or by $95 million, compared to the previous month, to $914 million from $1.009 billion. According to the preliminary unaudited consolidated monthly financial results of the company, EBITDA for February was $196 million, which is 14% ($32 million) less compared to January ($228 million).
According to the report, the adjusted EBITDA of the metallurgical division of the group in February 2018 was $120 million (in January some $140 million), including $12 million from participation in the joint venture ($11 million), while that of the mining division was $113 million (in January $110 million), in particular from JV some $18 million ($14 million). The management company’s expenses amounted to $7 million.
Total revenues in February 2018 consisted of the income of the metallurgical division in the amount of $778 million ($866 million in January), the mining division in the amount of $322 million ($255 million), while intra-group sales stood at “minus” $186 million (“minus” $112 million). The company’s total debt in February fell by $53 million compared to January, to $3.042 billion from $3.095 billion, while the amount of cash increased by $9 million, to $282 million from $273 million.
Consumer confidence of Ukrainians in March 2018 improved by 2.3 points, to 57.7 compared to the February figures after a negative trend in January and February, according to data from GfK Ukraine. According to the report, in March Ukrainians were optimistic about the stability of the national currency: the devaluation expectations index showed the greatest dynamics and fell by 9.9 points, to 149.9. GfK Ukraine also notes that in March the index of propensity to consume rose by 6.8 points compared to February (to 65.2), while the index of expected changes in personal financial standing was up by 4.3 points (to 58.8).
“The most positive dynamics of the index of propensity to consume and the index of expected changes in personal financial standing has been recorded in the large cities (over 500,000 residents),” GfK Ukraine analysts commented.
In March, Ukrainians were also optimistic about inflationary processes: the index of inflationary expectations fell by 4.2, to 183, GfK Ukraine said. GfK Ukraine has been surveying households to determine consumer confidence in Ukraine since June 2000. Some 1,000 respondents are polled.
Fitch Ratings has affirmed Ukraine’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘. The Outlook is Stable, Fitch has said in a press release. In addition, Long-Term Foreign-Currency IDR affirmed at ‘B-‘; Outlook Stable; Long-Term Local-Currency IDR affirmed at ‘B-‘; Outlook Stable; Short-term foreign-currency IDR affirmed at ‘B’; and Short-term local-currency IDR affirmed at ‘B’. Country Ceiling affirmed at ‘B-‘.
Ukraine’s ratings balance weak external liquidity, a high public debt burden and structural weaknesses, in terms of a weak banking sector, institutional constraints and geopolitical and political risks, against improved policy credibility and consistency, the sovereign’s near-term manageable debt repayment profile and a track record of bilateral and multilateral support.
PrJSC European Insurance Alliance (Kyiv) in January-March 2018 collected UAH 40.348 million of net premiums, which is 25.8% more compared to the same period in 2017. According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, the volume of signed premiums was UAH 49.770 million (an increase of 11%). Premiums worth UAH 8.674 million were transferred to reinsurance against UAH 8.914 million for the same period of 2017 (2.7% down).
During this period insurance claim fee payments rose by 38.4%, to UAH 21.135 million. The net profit of the company for the first three months amounted to UAH 1.135 million, while for the same period a year earlier some UAH 790,000.
According to official reports, the administrative expenses of the company amounted to UAH 5.087 million, which is 3.8% less than in the three months of 2017. PrJSC European Insurance Alliance has been working in the insurance market since September 1994. There are 17 structural divisions in Kyiv and the regions of Ukraine.
