The National Bank of Ukraine (NBU) has imposed penalties on TAScombank, as well as financial companies “Ap. Mi. Finance” and “Hertz” for a total amount of UAH 272 thousand, stated on the website of the regulator.
“TASkombank” was fined for UAH 170 thousand for providing the NBU with statistical reporting data in violation of the procedure for their formation, which led to repeated provision within six months of reporting data with insignificant errors.
Meanwhile, Ap. Mi. Finance” and “Hertz” were fined UAH 51 thousand each for late submission of reports: for December 2023 and January of the current year, respectively.
These decisions were made on the basis of the results of off-site monitoring within the framework of the payment infrastructure oversight function and came into force on March 25, 2024.
Violators are obliged to pay the fine within five business days from the date of receipt of the relevant decision of the regulator.
Ap. mi. Finance, Hertz, NATIONAL BANK, NBU, TASCOMBANK, UKRAINE
Insurance company Quorum (Kyiv) in 2023 collected insurance premiums in the amount of UAH 49.5 mln, which is 35.2% more than in the same period a year earlier, said the rating agency (RA) Standard-Rating in the information on updating the credit rating / financial strength rating of the company on the national scale at the level of “uaAA”.
It is specified that the rating was updated on the basis of the analysis of the company’s results for the mentioned reporting period.
Receipts from individuals in IC for this period have grown by 36,36%, up to UAH 30,394 mln, and from reinsurers were absent. The share of individuals in gross premiums at the end of 2023 amounted to 61,42%.
Insurance payments sent to reinsurers amounted to UAH 16,067 million, which is 66,70% higher than in the same period of 2022. Thus, the ratio of reinsurers’ participation in insurance premiums has increased by 6,14 p.p., up to 32,47%.
Net premiums of the insurer have increased by 23,92%, to UAH 33,421 mln, and earned premiums – by 20,90%, to UAH 33,296 mln.
The volume of insurance payments and indemnities made by IC “Quorum”, in 2023 compared to the year before has decreased by 31,91%, to UAH 6,468 mln, and the level of indemnities has decreased by 12,88 p.p., to 13,07%.
The company’s activity in the analyzed period was profitable. Thus, the profit from operating activities increased 8.4 times, to UAH 11.348 mln compared to 2022, and net profit – almost 12 times, to UAH 10.153 mln.
Assets of the company as of January 1, 2024 have grown by 28,92% to UAH 63,969 mln, shareholders’ equity has increased by 30,37% to UAH 56,032 mln, liabilities have shown growth by 19,50% to UAH 7,937 mln, cash and cash equivalents have grown by 47,99% to UAH 44,408 mln.
IC Quorum was established in March 2014, specializing in risk insurance.
PrJSC Odesa Cognac Factory, one of the largest cognac producers in Ukraine, reduced its loss to UAH 6.658 million in 2023 compared to a net loss of UAH 44.434 million in 2022.
According to the company’s report in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its assets decreased by 2.7% to UAH 989.587 million over the year, while total receivables decreased by 7.9% to UAH 575.267 million.
At the same time, the company increased its revenue by 22.8% year-on-year to UAH 1.166 billion. At the same time, the staff of Odesa Cognac Factory PJSC decreased by 45 people over the year to 300 employees.
According to the report, at the annual shareholders’ meeting on April 29, it is planned to terminate the powers of the supervisory board and make a number of changes to the company’s charter, and then delegate the powers of the current chairman of the supervisory board to sign contractual relations with the newly elected members of the board.
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, Odesa Cognac Factory PrJSC is owned by Ukrainian businessman and owner of the Global Spirits alcohol holding Yevhen Cherniak.
Global Spirits is a large international alcohol holding company that unites Khortytsia Distillery (Zaporizhzhia), Odesa Cognac Factory (Odesa) and Ukrainian Distribution Company. The central office is located in New York (USA).
The holding owns more than 15 local, regional and international brands: “Khortytsia, Pervak, Shustov, Morosha, Oreanda, San Marino, Mikado, Medovukha, etc.
Global Spirits products are exported to more than 87 countries.
On February 24, 2022, Global Spirits revoked its license to manufacture and distribute its products in the Russian market due to Russia’s military invasion of Ukraine.
The Zakarpattia Regional State Administration (RSA) is considering the allocation of a land plot for the construction of a river port and multimodal terminal on the banks of the Tisa River.
This was reported on the RSA’s Facebook page, citing the deputy head of the administration, Myroslav Biletsky.
Prospects for the project were discussed during a meeting with the relevant departments of the Tisza water resources management basin and the State Border Guard Service.
The project can become a component in the organization of international transportation on the Tisza with access to large navigable rivers.
“The river port and multimodal terminal will be the first facilities of this type in Zakarpattia. Its importance for international transportation for the country and our region, in particular, is difficult to overestimate. We are studying the documentary base, problematic issues, communicating with all interested structures to develop a strategy for the fastest possible implementation of the project,” Biletsky said in a statement.
The construction of the river port and multimodal terminal on the banks of the Tisza was initiated by the River Ports Administration. It applied to the regional state administration with a request to allocate a land plot for the facility.
On March 25, the shareholders’ meeting of Ukrainian Joint Stock Insurance Company ASKA-Life (Kyiv) decided to increase the authorized capital by 2.56 times, up to UAH 49.625 million, through an additional issue of shares worth UAH 30.240 million.
As the company reported in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the additional issue of shares will be made at the expense of part of the retained earnings for 2014-2019.
As reported, in January-September 2023, ASKA-Life collected net and gross insurance premiums in the amount of UAH 117.5 million, which is 49% less than in the same period in 2022.
During the reporting period, the company paid UAH 8.376 million to clients (36% more). The company’s administrative expenses increased by 15.4% to UAH 9.436 million, while sales expenses decreased by 2.2 times to UAH 98.9 million.
At the same time, the financial loss from operating activities for the first nine months of 2021 decreased to UAH 12.6 million from UAH 15.7 million. Net loss amounted to UAH 1,058 million, which is 6.5 times less than in January-September 2022.
ASKA-Life Insurance Company was registered in 2003 and specializes in life insurance.
According to the National Securities and Stock Market Commission, as of the second quarter of 2023, 55.6667% of the company is owned by SCM Finance Limited, 44.3333% – by Alexander Sosis.
As of March 28, Ukraine sowed 476.7 thousand hectares with spring grains and pulses, up 8.3% year-on-year, the press service of the Ministry of Agrarian Policy and Food reported on Friday.
According to the report, the rate of sowing peas is 51.1% higher than last year as of the same date and amounts to 81.8 thousand hectares, barley – 35.6% higher and reached 291.5 thousand hectares, wheat is 27.8% higher – 68.3 thousand hectares, oats – 17.6% higher – 28.7 thousand hectares.
Agrarians of Odesa region are leading the way in spring sowing campaign. They have already sown 7 thou hectares of wheat, 41.5 thou hectares of barley, 28.4 thou hectares of peas and 1.5 thou hectares of oats.
In Mykolaiv region, 2.2 thou hectares of wheat, 33.4 thou hectares of barley, 17.6 thou hectares of peas and 0.5 thou hectares of oats were sown; in Khmelnytsky region – 7.2 thou hectares of wheat, 23.7 thou hectares of barley, 0.8 thou hectares of peas and 0.5 thou hectares of oats; in Poltava region – 6.4 thou hectares of wheat, 56.2 thou hectares of barley, 0.8 thou hectares of peas and 0.5 thou hectares of oats. hectares of wheat, 56.2 thousand hectares of barley, 0.8 thousand hectares of peas and 0.3 thousand hectares of oats; in Poltava – 6.4 thousand hectares of wheat, 56.2 thousand hectares of barley, 4.7 thousand hectares of peas and 2.3 thousand hectares of oats; in Ternopil – 14.4 thousand hectares of wheat, 56.2 thousand hectares of barley, 0.8 thousand hectares of peas and 0.3 thousand hectares of oats. hectares of wheat, 56.2 thou hectares of barley, 3.1 thou hectares of peas and 2.3 thou hectares of oats; in Vinnytsia region – 5.9 thou hectares of wheat, 27.1 thou hectares of barley and 2.3 thou hectares of peas.
Last week, Ukrainian farmers sowed grains and legumes on 262.2 thou hectares. Poltava region is in the lead, with 44.2 thou hectares planted.
Poltava region is also the leader in sugar beet sowing, with 10.2 thou hectares already planted. Sowing of this crop has also started in Vinnytsia, Volyn and Rivne regions.
Agrarians in Kyiv region have started sowing sunflower, and those in Vinnytsia region – soybeans.
The Ministry of Agrarian Policy reported in the State Agrarian Register that 70% of respondents plan to increase soybean acreage by 21% on average compared to 2023, based on the results of a survey conducted by the State Agrarian Register on farmers’ preparations for the spring crops sowing campaign for the 2024 harvest.
The survey also showed that during the spring sowing campaign, Ukrainian farmers will prioritize pulses, which will increase by 11%, and spring barley – by 7%. The area under spring rapeseed is expected to increase by 24%, sugar beet by 17%, and corn by 9%. The area under sunflower may potentially decrease.
In general, in 2024, the area under spring crops may decrease by 0.5 million hectares or 3.7% compared to last season, according to the Ministry of Agrarian Policy.
