Business news from Ukraine

Business news from Ukraine

Ukraine exported 692 thousand tons of sugar

Ukraine exported 691.8 thsd tonnes of sugar in 2023/2024 marketing year (MY, July 2023 – June 2024), of which 77% was shipped to the European Union, the press service of the National Association of Sugar Producers of Ukraine “Ukrtsukor” reports.
According to the report, the main importing countries of Ukrainian sugar to the EU were Italy, whose share in the supply of Ukrainian sugar to the EU was 19%, Bulgaria (18%) and Hungary (14%).
In addition, the top three buyers of Ukrainian sugar outside the EU were Cameroon, which accounted for 17% of supplies, Libya (15%) and Turkey (11%).

,

President of Ukraine arrived in United States

President of Ukraine Volodymyr Zelenskyy has arrived in the United States.
“We are starting a visit to the United States. We are now flying to Pennsylvania. A special visit. Then New York, Washington,” he said in a video address on Sunday evening.
The Head of State emphasized that this fall it will be decided what will happen next in the Russian-Ukrainian war. “Together with our partners, we can strengthen our positions as necessary for our victory, our common victory, for a truly just peace,” he said.
According to Zelenskyy, Ukraine will present the Victory Plan in the United States, and President Joseph Biden will be the first to see it in full.
Zelenskyy also promised to present the Victory Plan to all the leaders of partner countries, “who, like President Biden, are leaders of the world and can become leaders of the world by helping us with the Victory Plan.”
“We will also present it to Congress – both parties – and to both presidential candidates in the United States. America has all the power it needs to work with Ukraine, with our allies and partners to deliver what we want most. We need peace. Exactly as envisioned by the Peace Formula. Exactly as envisaged by the UN Charter. We are doing everything for this,” the Head of State said.
“Weapons to protect our independence and our people. Diplomacy to consolidate partners and force Russia to peace. And justice so that Russia is responsible for this war and feels its consequences,” he added.
Zelensky also expressed gratitude to everyone who continues to help Ukraine. “I am grateful to every nation, to all the leaders who felt that much more is being decided in this war of Russia against Ukraine than the fate of our Ukrainian people alone,” he said.
Separately, Zelenskyy thanked the United States as a leader of support and every nation that has shown its independence and leadership to help Ukraine protect people and prevent Russia from “expanding this war.”
“When Ukraine defends itself, every other democratic nation will benefit. It is now being determined what will be the legacy of the current generation of state leaders. Those who are in the highest offices. In the coming days, I will be meeting with the leaders of the Global South, the G7, Europe, and international organizations – with many who help consolidate the world. Meetings with representatives of the United States are very important. Real peace and a real victory for Ukraine and international law is what we need,” the Ukrainian leader summarized.

National Bank has published rating of most profitable banks in Ukraine

State-owned PrivatBank in July 2024 reduced its net profit by 2.6% by June – to UAH 6.25 billion and with this indicator headed the top five most profitable banks in the country in July, according to the data of the National Bank of Ukraine (NBU) on its website.
According to them, Privat is followed by state-owned Oschadbank, which in July received 2.18 billion UAH of net profit compared to 0.07 billion UAH in June.
Universal Bank (mono) rounded out the top three, having almost eightfold increased its profit compared to June – up to UAH 0.84 bln.
It is followed by two banks with foreign capital: Credit Agricole and Raiffeisen Bank with UAH 0.62 bln (+28.3% to June) and UAH 0.56 bln (+78%) respectively.
The second five most profitable banks in July were headed by Ukrsibbank, which increased its net profit by 10.1% to UAH 0.55 bln. It also included: City Bank – UAH 0.54 billion, Ukrgasbank – UAH 0.43 billion, FUIB – UAH 0.42 billion and Ukreximbank – UAH 0.38 billion.
In July 2024, net profit of over UAH 100 million was received by three more banks: OTP Bank – UAH 365.3 million, Pivdennyi Bank – UAH 340.7 million and Kredobank – UAH 193.5 million.
At the same time, the three most unprofitable banks in July were formed by Sense Bank with net loss of UAH 65.67 mln, Alliance Bank – UAH 17.81 mln and Pravex Bank – UAH 13.34 mln.
The list of the most profitable banks in general for seven months of this year is also headed by Privat with a large gap – UAH 37.16 billion, followed by Oschadbank – UAH 11.00 billion.
Next in a denser group are Raif – UAH 4.87 billion, Ukrexim – UAH 4.74 billion, FUIB – UAH 4.24 billion, Credit Agricole – UAH 4.22 billion Ukrsib – UAH 3.97 billion and Ukrgas – UAH 3.73 billion.
Six other banks also received net profit over UAH 1 billion for 7 months of this year: mono – UAH 3.19 billion, OTP – UAH 3.00 billion, City – UAH 2.73 billion, Sense – UAH 2.21 billion, Pivdennyi – UAH 1.61 billion and Credo – UAH 1.16 billion.
A-Bank is a little short of this threshold – UAH 0.92 billion, while ProCredit Bank, which follows it, has a net profit of UAH 0.60 billion.
As for unprofitable banks, according to the results of January-July, there are 8 out of 62 banks in Ukraine. The worst indicator is Pravex Bank – UAH 95.79 billion, followed by Industrialbank – UAH 39.00 billion.
At the First Investbank and Motor-Bank, which were transferred to the state from the sub-sanctioned owners following the results of the trial, the net loss for 7 months amounted to UAH 25.69 mln and UAH 14.69 mln, respectively.

 

,

PrivatBank topped top five most profitable banks in country in July

In July 2024, state-owned PrivatBank reduced its net profit by 2.6% compared to June to UAH 6.25 billion, and with this indicator topped the country’s five most profitable banks in July, according to the National Bank of Ukraine (NBU) on its website.
According to the data, Privat is followed by state-owned Oschadbank, which earned UAH 2.18 billion in net profit in July, up from UAH 0.07 billion in June.
Universal Bank (mono) rounded out the top three, increasing its profit almost eightfold compared to June to UAH 0.84 billion.
It is followed by two banks with foreign capital: Credit Agricole and Raiffeisen Bank with UAH 0.62 billion (+28.3% compared to June) and UAH 0.56 billion (+78%) respectively.
The second five most profitable banks in July were led by Ukrsibbank, which increased its net profit by 10.1% to UAH 0.55 billion. It also included: City Bank – UAH 0.54 billion, Ukrgasbank – UAH 0.43 billion, FUIB – UAH 0.42 billion, and Ukreximbank – UAH 0.38 billion.
In July 2024, three other banks made a net profit of over UAH 100 million: OTP Bank – UAH 365.3 million, Pivdenny Bank – UAH 340.7 million, and Kredobank – UAH 193.5 million.
At the same time, the three most unprofitable banks in July were Sens Bank with a net loss of UAH 65.67 million, Alliance Bank – UAH 17.81 million, and Pravex Bank – UAH 13.34 million.
The list of the most profitable banks for the first seven months of this year is also headed by Privat with a large margin – UAH 37.16 billion, followed by Oschadbank with UAH 11.00 billion.
Next in a tighter group are Raif with UAH 4.87 billion, Ukrexim with UAH 4.74 billion, FUIB with UAH 4.24 billion, Credit Agricole with UAH 4.22 billion, Ukrsib with UAH 3.97 billion, and Ukrgas with UAH 3.73 billion.
Six other banks also earned a net profit of more than UAH 1 billion in the first seven months of this year: Mono – UAH 3.19 billion, OTP – UAH 3.00 billion, City – UAH 2.73 billion, Sense – UAH 2.21 billion, Pivdenny – UAH 1.61 billion, and Credo – UAH 1.16 billion.
A-Bank fell just short of this milestone with a profit of UAH 0.92 billion, while ProCredit Bank, which followed it, had a profit of UAH 0.60 billion.
As for unprofitable banks, in January-July, there were 8 out of 62 in Ukraine. Pravex Bank had the worst result at UAH 95.79 billion, followed by Industrialbank at UAH 39.00 billion.
First Investbank and Motor-Bank, which were taken over by the state from their sanctioned owners following a court decision, had a net loss of UAH 25.69 million and UAH 14.69 million, respectively, for the first 7 months of the year.
Overall, in January-July 2024, the net profit of banks increased to UAH 93.62 billion, including private banks – to UAH 13.39 billion. In July, it increased to UAH 14.58 billion from UAH 11.07 billion in June.

On border with Poland at Ustyluh-Zosin checkpoint, passage of persons and vehicles is temporarily suspended

On the border with Poland, at the Ustyluh-Zosin checkpoint, the passage of persons and vehicles is temporarily suspended due to a malfunction of the database on the Polish side, the State Border Guard Service of Ukraine reports.
“At night, the Border Guard of the Republic of Poland reported a malfunction in the database. In this regard, registration and passage is not carried out,” the State Border Guard Service said in a statement on Telegram.
The State Border Guard Service informs that measures are currently being taken to eliminate the malfunction.
“We ask citizens and carriers, if possible, to choose other checkpoints to cross the border,” it concludes.

,

Kiev citizens are advised to refrain from airing rooms and limit staying outdoors

Kiev citizens are recommended to refrain from ventilating the premises and limit staying outdoors due to the high level of air pollution, the press service of the KSCA reported on Sunday morning.
“As of 08:00 on September 22, the level of air pollution in Kiev is high. Radiation background in the whole city is normal,” – stated in the message.
The probable cause of this may be fires in the ecosystem of the Kiev region, reports the Department of environmental protection and adaptation to climate change KSCA.
In KSCA until the situation improves, they recommend to close windows, limit staying outside, drink a lot of water, and turn on to maximum air purifier, if available.

 

, , ,