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.
Kyivstar, the largest electronic communications operator, together with Trimble, an American manufacturer of navigation systems and a leader in the agricultural industry in the areas of autonomy and smart farming using a mixed fleet of PTx Trimble machines, have created a profitable offer for Ukrainian farmers.
Starting from May and until the end of the year, when connecting an annual RTK signal package from Kyivstar, users will be able to unlock the Trimble GFX display-based autonomous driving system on agricultural machinery to the RTK level for free and receive activation of the Trimble xFill Premium service for RTK signal backup.
“There have been no similar offers on the Ukrainian market before. We understand that farmers, like other businesses, are going through difficult times. That is why we offer such special conditions that will allow them to save money and do their work even more efficiently to jointly support the Ukrainian economy,” said Ilya Poltakov, Kyivstar’s Director of New Business Development.
In agriculture, the RTK correction service is used to accurately orient and navigate machinery and helps to obtain real-time coordinates for it with an accuracy of 2.5 cm. The technology increases productivity, reduces production costs, makes it easier for drivers to work in the field, and allows for higher yields.
The offer is valid until the end of 2024, the promotional conditions are valid for one year from the date of connection. To take advantage of the special conditions, you need to contact a Trimble dealer or leave an application on the Kyivstar website.
About Kyivstar
Kyivstar is the largest Ukrainian telecommunications operator by subscribers, serving about 24 million mobile subscribers and more than 1.1 million Home Internet subscribers as of December 2023. The company provides services using a wide range of mobile and fixed technologies, including 4G, Big Data, Cloud solutions, RTK services for cybersecurity, digital TV, etc. Kyivstar is developing new telecom technologies in Ukraine and plans to invest USD 600 million in this area over the next three years. The company is helping the country overcome the challenges of wartime and has allocated over UAH 1.8 billion over the past two years to support the Armed Forces, subscribers, local communities, and charitable initiatives. The sole shareholder of Kyivstar is the international VEON Group headquartered in the Netherlands. The Group’s shares are listed on the NASDAQ (New York) and Euronext (Amsterdam) stock exchanges. Kyivstar has been operating in Ukraine for more than 25 years and is recognized as the largest taxpayer in the telecom market, the best employer and a socially responsible company. For more information: pr@kyivstar.net , www.kyivstar.ua
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