Business news from Ukraine

MCKINSEY TO ADVISE UKREXIMBANK ON STRATEGY

26 December , 2019  

PJSC State Export-Import Bank (Ukreximbank, Kyiv) and McKinsey and Co. Ukraine LLC on December 16, 2019 signed an agreement on advising regarding the drafting of the bank’s development strategy for 2019-2023, according to information in the ProZorro e-procurement platform.
The price of the services, which according to the documentation must be provided before December 31, 2021, is EUR 960,000. The cost of advising services for developing the strategy, in particular, is EUR 84,000, and if the bank’s supervisory board approves the strategy developed by the company, the amount will increase by another EUR 120,000.
Ukreximbank, the sole owner of which is the state, was created in 1992. The net profit of the financial institution in January-September 2019 amounted to UAH 2.27 billion, which is 2.2 times more than in the same period in 2018 (UAH 706.24 million).
According to the National Bank of Ukraine, as of October 1, 2019, the bank ranked third among 76 banks operating in the country in terms of total assets (UAH 205.439 billion).

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