In January-June 2024, state-owned PrivatBank (Kyiv) earned UAH 30.6 billion in net profit, up 2.7%, or UAH 0.8 billion, compared to the same period last year, the financial institution said on Wednesday.
“At the same time, the bank’s financial result before tax amounted to UAH 40.7 billion, which is 11% more than in the first half of 2023,” the state bank said.
According to data published on Privat’s website, income tax for the six months amounted to UAH 10.1 billion, compared to UAH 6.9 billion for the same period in 2023, when the rate was 18%, compared to 25% this year.
The bank’s total assets for the first half of the year increased by 1.5% to UAH 692.5 billion.
It is noted that the net loan portfolio of individuals and legal entities of the bank exceeded UAH 102.7 billion, which is 34%, or UAH 26.2 billion, more than last year and 11.6% more than at the beginning of the year.
“Since the beginning of the year, we have been actively lending not only to individuals and micro, small and medium-sized businesses, but also developing loan programs for corporate clients and large businesses in all regions of the country. We pay special attention to enterprises in the frontline regions, as well as to financing households and businesses under alternative energy generation programs,” Gerhard Bösch, Chairman of the Board of PrivatBank, said in a release.
According to the press service, deposits and balances on customer accounts amounted to UAH 681.1 billion, up from UAH 550 billion at the beginning of the year, with growth of UAH 30 billion, or 8%, in hryvnia accounts.
As of the end of the first half of 2024, PrivatBank’s active customer base amounted to 18.3 million individuals and 880 thousand legal entities, which is 50 thousand and 5 thousand less than at the beginning of the year, respectively. The number of Privat24 users reached 13.5 million.
Privat’s network includes 1184 branches (1199 at the beginning of the year), 6854 ATMs (6880), 10,419 thousand terminals (10,473 thousand) and more than 308.6 thousand POS terminals, according to the release.
As reported, at the end of June, it became known that Boesch was dismissed from the post of PrivatBank’s CEO after three years of work. The Supervisory Board of the financial institution has already started the selection process for the vacant position.
State budget financing, % of GDP
Source: Open4Business.com.ua and experts.news
The State Service of Geology and Subsoil of Ukraine has approved amendments to the special permit No. 4383 granted to Nadra Ukrayiny Holding Company LLC for the extraction of granite from the Koretske deposit (including the Southwestern part) in Rivne region.
According to NADRA.INFO with reference to the order of the State Service of Geology and Subsoil of 24.07.2024 No. 332 (download), changes to the special permit for subsoil use are made in connection with the alienation.
Nadra Ukrayiny Holding Company LLC is owned by Valentyna Khytyk (through the Czech Kristi Company S.R.O.) and Yuriy Bizhan (owner of 50% of the company since 2022). Since March 2024, the company has been headed by Yuriy Lytvynchuk (YouControl). The company has no other special permits for subsoil, except for the alienated one.
The ultimate beneficial owner of Second Granite Company LLC with a 40% stake is Viktor Melnyk. The head of the company is Yuriy Polishchuk (YouControl). According to the State Service of Geology and Mineral Resources, as of July 2024, Druha Granitna Kompaniya LLC holds two valid special permits (both acquired at auctions of the State Service of Geology and Mineral Resources): No. 5562 for the Negrebivske sand deposit in Zhytomyr region and No. 6522 for the Hvizdivske granite deposit in Rivne region.
According to the Public Audit of Subsoil Use, granites and gneiss-granites of the Koretske deposit are suitable for use as facing stone and raw materials for rubble and crushed stone.
As a reminder, the State Service of Geology and Subsoil revoked a special permit granted to Granitexpo LLC to mine granites from the Sarnovytske deposit in Zhytomyr region.
Quotes of interbank currency market of Ukraine (UAH for 1 pln, in 01.04.2024-30.04.2024)
Source: Open4Business.com.ua and experts.news
The International Olympic Committee (IOC) has chosen the French Alps to host the 2030 Olympic and Paralympic Winter Games.
“IOC President Thomas Bach said that the delegation that presented the French Alps’ bid reaffirmed its full commitment to the 2030 Olympic and Paralympic Winter Games. France is always raising the bar for excellence in organizing sporting events. Therefore, it is necessary to support their model of the future: innovative, ambitious, environmentally friendly and accessible to all,” the National Olympic Committee of Ukraine (NOC) said in a statement.
It is noted that the IOC is confident that France will organize the Winter Olympics with the same creativity and sophistication that is already being seen in Paris.
According to the report, this is the fourth Winter Olympics hosted by France. In 1924, the Olympics were held in Chamonix, in 1968 in Grenoble, and in 1992 in Albertville.
The amount of transfers through the international financial service NovaPay in January-June 2024 reached UAH 136.6 billion, which is 26% more than in the same period of 2023, the company’s press service reports.
It is noted that in January-June this year, 193 million transactions were made through the NovaPay system, which is 17% more than in the first half of last year.
According to the release, the company transferred UAH 530 million to the country’s budget, which is 13% more than in the first half of 2013, and assistance to the Armed Forces amounted to UAH 3 million.
It is noted that the most popular services of NovaPay, in addition to traditional transfers, were card replenishment operations, cash withdrawals, and utility bills.
NovaPay is an international financial service founded in 2001 that is part of the Nova group and provides online and offline financial services at Nova Poshta offices. According to its website, the company employs about 13 thousand people in more than 3.6 thousand Nova Poshta offices across Ukraine. According to the National Bank of Ukraine, the company accounts for 35% of the total volume of domestic money transfers.
In 2023, the consolidated revenue of NovaPay non-banking financial group increased by 46.4% to UAH 7 billion 617.91 million, and net profit by 38.3% to UAH 3 billion 267.13 million.
