On Thursday, May 9, the international chain JYSK opened a new store in the capital’s Nyvky shopping center (58 D. Shcherbakovsky Street), the company’s press service reports.
“I am sure that the visitors of Nyvky shopping center on Danylo Shcherbakovsky Street will be pleased with the JYSK store in the SC3.0. Compact”. This format allows us to use the retail space more efficiently, presenting a wider range of home and garden furniture to consumers,” Yevhen Ivanitsa, Country Director of JYSK Ukraine, was quoted in the release.
The new store is located on the ground floor and occupies 1,019 square meters of retail space plus a 210 square meter warehouse. The store has non-standard equipment, higher than usual, which has increased the area for furniture display.
Like all new JYSK stores, it is built in the 3.0 concept, which includes modern spot lighting, spacious design, customer-friendly zoning of product categories, a spacious mattress studio, etc., as well as an enlarged social area and improved conditions for staff, the company said.
Currently, there are 94 stores and the jysk.ua online store in Ukraine, and the company plans to reach 100 stores by the end of 2024. Ivanitsa said that there will be some news about the expansion of the network next week. JYSK has more than 800 employees in the country.
JYSK is part of the family-owned Lars Larsen Group with more than 3.4 thousand stores in 48 countries.
JYSK’s revenue in the financial year 2022/23 amounted to EUR 5.2 billion.
Comprehensive “green” transformation in Ukraine is gaining special importance and is already affecting business. JSC OTP BANK takes into account the trends and has planned a number of activities to create its own system of social and environmental management, said Maxim Oliynyk, ESG Manager of the Bank, during the open dialogue “Green Agenda for Ukraine: Special Role and Unique Challenges for Banks” with the participation of representatives of the NBU, EBRD, KSE and a number of Ukrainian financial institutions.
“OTP Bank is actively working to support and develop green technologies and social responsibility of Ukrainian business. We are currently developing our own environmental and social management system, which will be harmonized with the requirements of the European Union and will help the Bank to create its “green” portfolio,” said M. Oliynyk.
According to the ESG manager, OTP BANK is guided by EU standards in the field of green and sustainable technologies and practices aimed at reducing the risks and uncertainty that investors face when financing such projects. “In supporting green and sustainable technologies and practices, the Bank must not only meet the requirements of the EU and the Parent Bank, but also strictly adhere to the rules dictated by the National Bank of Ukraine, as ESG is becoming a necessity,” he emphasized.
According to Maxim Oliynyk, a comprehensive “green” transformation opens up access to the resources of global investors and modern European technologies, which, in turn, will contribute to the development of Ukraine’s economy and increase the number of potential requests for financing. Taking this into account, as well as the desire to use the opportunities that are opening up, OTP BANK has developed an ESG Strategy that provides for
– creation and implementation of all components of the social and environmental management system (policy on environmental and social issues, a separate communication channel, building institutional and human capacity)
– creation of separate “green” products and development of its own “green” portfolio, taking into account clearly defined and verified sustainability criteria for products (EU Taxonomy, Climate Bonds Taxonomy, Sustainable Finance Framework and Green Loan Framework of the Parent Bank);
– Inventory of the Bank’s greenhouse gas emissions and development of measures to reduce the carbon footprint;
– improvement of the ESG and sustainability training program for all OTP Bank employees, as well as other tasks in the field of environmental protection and social responsibility of the Bank.
The National Bank of Ukraine (NBU) has fined Bank 3/4 (Kyiv) UAH 10m for improper financial monitoring of client operations within the framework of the implementation of anti-money laundering legislation, the regulator said on its website.
According to the release, Universal Bank (mono) received a written warning for violation of the established deadline for providing information at the request of the authorized body.
Also, the National Bank fined FC Phoenix and FC Activitis for UAH 6.33 million and UAH 595 thousand, respectively.
Bank ¾ was registered in 2008. According to NBU information, as of March 1, 2024, it ranked 48th (UAH 1.55 billion) in total assets among 63 operating banks. Net profit for last year amounted to UAH 3.03 mln grnatsbank
PJSC “Trybushany Marble Quarry” (Zakarpattia region) produced and sold more than 5 thousand tons of marble products in 2023. This was reported to NADRA.INFO by the company.
“We are the only official enterprise that has a permit for marble mining. The main product of the quarry is light-colored marble chips, which are used in construction, manufacturing and landscape design. Over the past year, more than 5,000 tons of material have been extracted and sold,” the company said.
The total amount of taxes paid by the quarry in 2023 amounted to UAH 1,517,463.
PJSC “Trybushany Marble Quarry” holds a special permit No. 2561 for the extraction of marble from the Trybushanske deposit (the special permit is valid until 2031, the deposit has been developed since 1947). This is indeed the only valid special permit for marble mining in Ukraine.
The company produces the following products:
Cube-shaped marble chips (10 product names of different colors and fractions from 0.2 to 8 mm);
Marble crushed stone (traditional products of different colors and fractions from 5 to 20 mm);
Marble sand (decorative marble sand of different colors with a fraction of 2.5-5 mm);
Marble screenings (two grades of screenings with a fraction of 0 to 2.5 mm);
Marble rubble stone (large marble blocks from 100 to 500 mm);
Marble flour (white and creamy gray 50 and 200 microns).
The company says that the owners of the company are actively involved in the community, helping municipal and state-owned enterprises, the local school in Dilove village. The local football club Karpaty (Rakhiv, Zakarpattia region) also receives regular support. “In addition, constant assistance is provided to the Armed Forces of Ukraine to fight the Russian aggressor: together with our partners, we sent 5 vehicles and medical supplies to the front,” says the Marble Quarry Tribushany.
Since the fourth quarter of 2023, 75.39% of the shares of Trybushany Marble Quarry PJSC have been owned by Marble Mining Company LLC owned by Leono Alexandru (Romania), who has been the company’s ultimate beneficial owner since January 2024. 12% of the quarry’s shares are owned by Mykola Kovtun (Ukraine). A list of the company’s minority shareholders is available in YouControl.
In January-March 2024, FUIB (Kyiv) received UAH 2.13 billion in net profit, which is 38.1% higher than in the same period of 2023 (UAH 1.55 billion), according to the bank’s quarterly report.
According to the report, the bank’s net interest income increased significantly in the first three months of 2024: by 41% year-on-year to UAH 3.56 billion, while net fee and commission income decreased by 9.2% to UAH 0.52 billion.
Since the end of 2023, the bank’s assets have increased by 2.5%, or by UAH 3.8 billion, and reached UAH 157.1 billion as of March 31. This increase was primarily due to an increase in investments in securities by 15%, or UAH 8.7 billion, to UAH 66.9 billion, as well as an increase in loans and advances to banks by 70% to UAH 7.1 billion and to customers by 3.4% to UAH 53.8 billion, of which UAH 43.2 billion to corporate clients (including expected credit losses), UAH 10.6 billion to individuals.
It is noted that the positive impact on the increase in FUIB’s assets is also associated with an increase in the item “other financial assets” by 39% to UAH 3.6 billion, primarily due to an increase in the purchase of foreign currency from UAH 0.06 billion to UAH 1.3 billion.
The amount of cash on hand and in transit decreased by 6% to UAH 2.7 billion, while FUIB’s funds on the current account with the National Bank increased by 23% to UAH 12.3 billion.
Between January and March, the financial institution managed to increase its customer accounts from UAH 126.5 billion to UAH 129.4 billion, while the banks’ accounts increased from UAH 2.7 billion to UAH 3.4 billion.
According to the report, at the same time, FUIB’s liabilities increased from UAH 135.9 billion to UAH 137.6 billion during this period.
It is noted that the bank’s capital increased by 12.5% in the first quarter and reached UAH 19.6 billion, including retained earnings by 27% to UAH 9.9 billion.
Remuneration to the members of the bank’s Management Board increased by 24.6% year-on-year to UAH 36.9 million in the first quarter, while remuneration to the Supervisory Board increased by 43.3% to UAH 8.1 million.
JSC First Ukrainian International Bank was founded on November 20, 1991 and started its operations in April 1992. As of March 31, 2024, the bank’s shareholders were SCM Finance (92.3%) and SCM Holdings Limited (7.7%, Cyprus). The actual control over FUIB is exercised by the citizen of Ukraine Rinat Akhmetov.
According to the National Bank of Ukraine, as of March 1, 2024, FUIB ranked 6th in terms of assets (UAH 163 billion) among 63 banks operating in the country. The financial institution’s net profit for 2023 amounted to UAH 3.95 billion.
The international chain JYSK has doubled its purchases from Ukrainian producers in the first four months of 2024, according to JYSK Country Director in Ukraine Yevhen Ivanitsa.
“JYSK continues to expand its cooperation with domestic producers. In the first four months of 2024, the number of goods purchased by JYSK in Ukraine has doubled, exceeding half a million units. Very soon, European JYSK stores will be replenished with new products – two dozen items of furniture made in Ukraine,” he said on Linkedin.
Currently, there are 94 stores and the online store jysk.ua in Ukraine. The company plans to reach 100 stores by the end of 2024.
JYSK has more than 800 employees in the country.
JYSK’s revenue in the financial year 2022/23 amounted to EUR 5.2 billion.
JYSK is part of the family-owned Lars Larsen Group with more than 3.3 thousand stores in 48 countries.
