The Pechersky district court of Kiev on July 13 decided to recover from the former owner of Commercial Bank Financial Initiative PJSC, Oleh Bakhmatyuk, as guarantor, more than UAH 1.8 billion in favor of the National Bank of Ukraine on one of the refinancing loans provided earlier and not returned.
“Unfortunately, it is too early to put a dot in this case, but the court’s adoption of this decision is a defining event for the restoration of the violated rights of the National Bank. We are convinced that in case of its appeal, it has every reason to remain in force,” the NBU quoted in a press release on Monday the comment of the director of the legal department, Oleksandr Zima.
The National Bank recalled that in 2014 it concluded an agreement with Financial Initiative on a refinancing loan to maintain liquidity in the amount of UAH 2 billion, and Bakhmatyuk vouched for the proper fulfillment of the bank’s obligations to repay the loan funds. Since both the bank and its owner failed to fulfill their obligations, in 2017 the National Bank filed a lawsuit with the Pechersky District Court of Kyiv to recover the debt from him. During the consideration of the case in court at the expense of the pledged property provided by the property guarantors to ensure the fulfillment of the obligations of the bank there was a repayment of the loan debt in the amount of about UAH 200 million.
Now six more cases remain under consideration by the Pechersky district court of Kiev on claims of the NBU against Bakhmatyuk as a guarantor for the debts of PJSC “VEB Bank” and the bank “Financial Initiative” on other refinancing loans, and the total amount of debt Bakhmatyuk as a guarantor to the National Bank is almost UAH 8 billion, the NBU said.
It specified that it classified VIB Bank as insolvent on November 20, 2014, and Financial Initiative Bank – on June 23, 2015.
Bakhmatyuk rejects the accusations of the National Bank and puts forward counter accusations. In particular, in 2020, he obtained a decision of the Supreme Court to recognize the National Bank’s actions to withdraw Financial Initiative Bank from the market as unlawful. The businessman, who has been living in Vienna for the last few years, has also repeatedly declared his readiness to compromise with the National Bank on the issue of sureties, offering to conclude an amicable agreement with a seven-year installment period with the possibility of increasing the bail to the NBU, but to no avail.
Shareholders of Sukhaya Balka mine (Krivoy Rog, Dnipropetrovsk region), which is part of Oleksandr Iaroslavskyi’s DCH group, have allocated UAH 1 billion 4.865 million from retained earnings for 2008, 2010 and 2011 for dividends.
According to the minutes of the extraordinary meeting of shareholders held remotely on July 10, a copy of which is available to Interfax-Ukraine, the payment of dividends to shareholders of the company for 2008, 2010, 2011 is made at the rate of UAH 1.2 per common share, including: 0.24 UAH for 2008, 0.23 UAH for 2010 and 0.73 UAH for 2011.
It is specified that a part of net profit received by the company by results of activity in 2008 in the amount of UAH 200 mln 973.01 thou., from profit for 2010 – UAH 192 mln 599.14 thou., from profit for 2011 – UAH 611 mln 292.91 thou. will be directed to dividends.
Sukhaya Balka mine is one of the leading mining companies in Ukraine. It extracts iron ore by underground mining. The mine includes Yubileynaya and Frunze mines. Frunze.
DCH Group acquired the mine from Evraz Group in May 2017.
According to NDU data for the first quarter of 2023, Yaroslavskyi, who is designated as a non-resident of Ukraine (UK citizen – IF-U), directly owns 77.4193% of the mine’s shares, while resident individual Artem Alexandrov owns 20%.
The authorized capital of Sukhaya Balka PJSC is UAH 41.869 mln, the nominal value of a share is UAH 0.05.
The British multinational asset management company Schroders Plc (London) has reduced its voting stake in Ferrexpo plc, which controls Poltava and Yeristovo Mining and Processing Plants (PGOK and Yenakiieve Mining) in Ukraine, to less than 5%.
According to Ferrexpo’s stock exchange announcement on Monday, the 5% threshold was lowered on July 14 this year.
It is specified that Schroders Plc’s voting stake is currently 29 million 590.980 thousand, or 4.947189% of the total number of votes in the company, while previously it was 5.453490%.
Ferrexpo is an iron ore company with assets in Ukraine.
Ferrexpo owns 100% of Yeristovo Mining, 99.9% of Bilanivsky GOK and 100% of Poltava Mining.
Schroders plc is a British multinational asset management company founded in 1804 and based in London. The company employs over 5000 people worldwide in 32 offices in Europe, America, Asia, Africa and the Middle East.
League of Insurance Organizations of Ukraine (LIOU) has accepted IC “ROM Ukraine” and IC “ROM Ukraine Life Insurance” (both – Kiev) into the association on July 13.
According to the Chairman of the Board of ROM Ukraine Jacek Matusiak, the group “ROM Ukraine” takes an active position in the market and never remains indifferent to the problems arising both in the insurance industry and in the economy of the country as a whole. This is what prompted the group to join LSOU in order to work together with like-minded companies to improve insurance legislation, to implement the best European business practices, especially in terms of transparency, ethics and responsibility for obligations to customers.
“Our group is interested in remaining an important and active player in the Ukrainian insurance market in the long term. Therefore, within a unified structure we count on effective partnership cooperation with the achievement of all strategic goals,” – he said.
As noted, the president of LSOU Victor Berlin, among its main priorities of the League – business protection, search for new opportunities for the development of insurers, as well as the unification of the insurance market of Ukraine for the sake of sustainable development.
“I am sure that such synergy of experience of Ukrainian and Polish colleagues will significantly expand our opportunities and will help us together with the recovery of Ukraine to start more intensive development of the national insurance market”, – emphasized the head of LSOU.
As “Interfax-Ukraine” was informed in the press service of “ROM Ukraine”, it was also decided to withdraw the companies from the National Association of Insurers of Ukraine, of which they are members since January 2021.
PJSC Insurance Company “ROM Ukraine” in 2022 collected UAH 1.280 billion of gross premiums, net premiums of the company increased last year by 6.76% – to UAH 1.172 billion, and earned premiums – by 13.38%, to UAH 1.110 billion. The volume of payments and compensations made by the insurer for the specified reporting period has amounted to UAH 575,537 mln.
Assets of the company on December 31, 2022 have decreased by 14,93% – to UAH 2,425 billion, shareholders’ equity has increased by 3,43% – to UAH 853,817 million, liabilities have decreased by 22,41% – to UAH 1,571 billion, cash and cash equivalents have increased in 3,34 times – to UAH 364,458 million.
IC “ROM Ukraine Life Insurance” has finished 2022 with net premiums in the amount of UAH 396,5 mln. Payouts amounted to UAH 45,4 mln, assets – UAH 1,872 bln, reserves – UAH 1,419 bln, net loss – UAH 17,4 mln.
PJSC IC PZU Ukraine and IC PZU Ukraine Life Insurance are subsidiaries of PZU S.A., part of the largest insurance group of Central and Eastern Europe – PZU Group (Poland).
Number of vacancies as of 01.05.2023 (in thousands)
Source: Open4Business.com.ua and experts.news
Synevo Medical Laboratory has modernized its laboratory in Dnipro, increasing its capacity by 20%.
According to the press release of Synevo, within the framework of modernization in the laboratory a diagnostic platform Cobas Pure from Roche Diagnostics (Switzerland) was installed, which is capable of performing 230 types of biochemical analyses at a rate of up to 870 tests per hour.
As a result of the upgrade, the total throughput capacity of bio/immunoassay analyzers in Dnipro will be 5,270 tests per hour.
“The capacity of the laboratory allows to qualitatively and quickly meet the demand of customers from the eastern and central regions of the country. Today this is a super-important task, as the work of the Synevo laboratory in Kharkov was suspended for security reasons, which significantly increased the load on the Dnipro laboratory of the company,” the press release emphasizes.
In general, thanks to the expansion of the analyzer base, the laboratory of Synevo in Dnipro can now perform 20% more tests of biochemical group (e.g. liver tests, kidney tests and others), electrolytes, as well as immunochemical group (e.g. thyroid hormones, reproductive panel, prenatal diagnostics, etc.).
“Synevo Ukraine” (Synevo Ukraine) is the largest network in Ukraine with 317 laboratory centers, seven laboratories (in Kiev, Lviv, Chernivtsi, Vinnitsa, Odessa, Kherson and Dnipro) and more than 1800 employees in 13 countries. The capacity of the network is more than 800 types of testing, annually serving about 4 million customers, performing more than 15.8 million tests. It is part of Medicover, a leading international healthcare and diagnostic services company.
Synevo International Laboratory Network (Synevo) is present in 10 European countries, with laboratories in Germany, Poland, Romania, Turkey, Georgia, Moldova, Bulgaria, Serbia, Bosnia and Herzegovina.
In 2017, Synevo Ukraine as part of Medicover was listed on Nasdaq (Stockholm), becoming the first and only medical company in Ukraine to carry out an IPO.
