The net profit of OTP Bank (Kyiv) in January-March this year amounted to UAH 1.56 billion, which is 7.8% better than the result for the same period in 2023, according to the quarterly consolidated financial statements of the financial institution.
According to them, the bank’s net interest income decreased slightly by 0.6% to UAH 2.14 billion, while net commission income decreased by 23.2% to UAH 247.3 million.
Since the end of 2023, OTP Bank’s assets have increased by 2.2%, or by UAH 2.2 billion, and reached UAH 104.2 billion as of March 31. This increase was primarily due to an increase in loans and advances to banks by 21.5% to UAH 26.1 billion and to customers by 2.7% to UAH 25.5 billion.
The portfolio of loans to legal entities and individual entrepreneurs decreased by 0.3% to UAH 26.2 billion, consumer loans to households – by 5.4% to UAH 4.76 billion, while loans under repurchase agreements increased by 69% to UAH 1.79 billion.
It is indicated that balances on accounts with the National Bank of Ukraine (NBU) decreased by 9.5% to UAH 9.05 billion, while cash on hand increased by 41.6% to UAH 1.18 billion.
According to the report, OTP reduced its investments in securities by 7.2% to UAH 40.24 billion.
Since the beginning of this year, the financial institution has managed to increase its customer accounts from UAH 81.16 billion to UAH 83.63 billion, and the bank’s total liabilities have increased from UAH 85.5 billion to UAH 86.3 billion.
It is noted that the bank’s capital increased by 9.2% to UAH 17.9 billion, including retained earnings by 19.4% to UAH 9.6 billion.
The financial report indicates that the remuneration of key management personnel for the first three months of this year included short-term payments of UAH 12.9 million, which is 40% less than in the same period last year.
Since June 1, 2006, OTP Bank has been a 100% subsidiary of the Hungarian OTP Bank Plc. According to the National Bank of Ukraine, as of April 1, 2024, OTP ranked 11th in terms of assets (UAH 112.26 billion) among 63 banks operating in the country. The financial institution’s net profit for 2023 amounted to UAH 3.71 billion.
Number of applicants per vacancy (comparison) as of 01.07.2023
Source: Open4Business.com.ua and experts.news
On May 19, Iranian President Ibrahim Raisi died in a helicopter crash on the border with Azerbaijan, the Iranian Mehr News Agency reports.
It is reported that Foreign Minister Hossein Amir Abdollahian, who accompanied Raisi on the trip, also died in the crash.
In addition to them, the helicopter was carrying the governor of Iran’s East Azerbaijan Province, Malek Rahmati, the representative of the Leader of the Islamic Revolution in the Province of East Azerbaijan, Ayatollah Mohammad Ali Al-Hashem, and several other unnamed individuals. All of them were killed.
On May 16, 2024, the Kyiv Zoo hosted the opening ceremony of a children’s slide in the form of the Turtle sculpture, which represents the symbol of the Vietnamese capital, Hanoi.
This project is the work of both Vietnamese and Ukrainian designers. Ukrainian creators made it in the national style of Vietnam.
The grand opening was attended by distinguished guests – representatives of diplomatic missions of foreign countries accredited in Ukraine, high-ranking parliamentary officials, members of the Vietnamese community, soldiers and officers who took part in the Vietnam War, educators and cultural figures.
Dr. Nguyen Hoang Thanh, Ambassador Extraordinary and Plenipotentiary of the Socialist Republic of Vietnam to Ukraine and the Republic of Moldova, welcomed the guests.
“We are pleased to open a new “children’s slide” in Kyiv Zoo. It will be a place where children will be able to have fun in the zoo with their parents. In wartime, the zoo is a place where people can regain their balance after sirens and explosions. The Vietnamese Embassy in Ukraine is very proud to have completed a modest project in cooperation with our Ukrainian friends to help Kyiv residents overcome today’s difficult time,” the ambassador said.
As it turned out, the project was conceived before the active hostilities.
“The project originated from my meeting with the mayor of Kyiv before the war. Back then, we were thinking of doing something to demonstrate the friendship between Hanoi and Kyiv. Today we are happy that after some time this idea has become a reality. This is the first time that the symbol of the Vietnamese capital, Hanoi, has been displayed in public and in the heart of Ukraine’s capital, Kyiv. It is also a symbol of friendship between Vietnam and Ukraine.
Our two countries have experienced decades of friendly relations and mutual assistance, both in wartime and in the construction of each country’s homeland. The establishment of this symbol of friendship is both a reaffirmation of our cooperation and a commitment that we will develop Vietnamese-Ukrainian relations together,” added Ambassador of Vietnam to Ukraine and the Republic of Moldova Nguyen Hoang Thanh.
In conclusion, Mr. Ambassador expressed his gratitude to Mr. Kyrylo Trantyn, Director General of Kyiv Zoo, for cooperation and support of this project, as well as to the two sponsoring companies: “Eurofood Service and Svetprint.
The official part of the event was followed by a performance by the Veselka folk artistic choreographic group of the Vasylkiv Center for Children and Youth Creativity.
Vietnam recognized independent Ukraine on December 27, 1991. On January 23, 1992, diplomatic relations were established between the two countries. The same year, the Embassy of Vietnam in Ukraine was opened, and the Embassy of Ukraine in Vietnam was also opened.
Hourly shutdown schedules will be introduced for all regions of Ukraine from 18:00 Monday until midnight Tuesday, Ukrenergo said.
“Tomorrow, May 20, from 18:00 to 24:00 for industrial and household consumers in all regions of Ukraine will operate schedules of hourly shutdowns,” – said in a message in the Telegram channel.
Power supply to critical infrastructure facilities will not be limited, the agency added.
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On June 12, Kyiv Golf Center will host a business forum that has already become traditional – “Grain. Pigs. Meat – 2024”.
This is a grand event that brings together all areas of the country’s food security – grain business, pig farming, meat industry, retail and related industries – to resolutely overcome the challenges of today, and creates coalitions at all links of the food chain – from a grain in the field to a finished meat product on the consumer’s table.
“Grain. Pigs. Meat-2024 provides its participants with a unique opportunity to learn how to increase their profits, presents real tools for obtaining added value, offers an alternative to blocked grain exports, introduces leading industry experts, producers and processors, suppliers of equipment and genetics, informs about innovations, current trends, financial and technical opportunities.
This year the following issues will be discussed:
– Prospects for the development of the Ukrainian grain market through the prism of the pig and meat industries
– Possibility of replacing grain exports with exports of meat and value-added meat products
– The state and prospects of development of the pig and meat industry in Ukraine during the war and after its end
– Implementation of the concept “New Pig Production of Ukraine”, its impact on the country’s food security and benefits of the industries from its implementation
– Ukraine without ASF – all about the eradication of ASF through vaccine prevention
– Investment opportunities for grain producers, new and existing pig farms, and related industries
– The lowest cost of Ukrainian pigs in the world now and forever
– Effective technologies in pig breeding and meat industry
– “Road map” for creating your own enterprise in pig breeding
– Presentation of a social project that will help war veterans to start a successful business in pig production
– Where and under what conditions to attract financing, grants, support for producers and processors
– Sales and domestic trade, cooperation with national networks, own retail
– Sales and foreign trade, who can export, where and how to organize meat exports
The meat industry and pig farming are now set to become the real drivers of our economy, and the tandem with retail and related industries will definitely lead Ukraine’s economy to prosperity. Join us!
Forum “Grain. Pigs. Meat-2024” will be held on June 12, 2024 in Kyiv, Kyiv Golf Center (20 Obolonska Embankment, Kyiv).
Forum organizers: Association of Meat Industry and Center for Efficiency in Livestock Production.
Business forum program and registration by the link: https://meatindustry.com.ua/
Open4business is a media partner