The National Bank of Ukraine (NBU) will raise the risk weight for unsecured consumer loans from 125% to 150% from January 1, 2022, the central bank’s press service reported on Friday.
The changes will help banks create an adequate capital cushion to cover unexpected losses from the deterioration in the quality of their unsecured consumer loan portfolio.
In addition, the resolution is intended to increase the lenders’ resilience to potential crisis phenomena, in particular, to stimulate proper consideration of both the advantages and risks of working in this segment.
The press service said that now, for every UAH 10 of the loan, the bank shall keep UAH 1.50 of regulatory capital.
In addition, from the beginning of the year, the NBU will introduce minimum requirements for capital coverage of operational risk in the amount of 50% of the estimated amount, with an increase to 100% from January 1, 2023.
The NBU also increased the risk weights on government bonds in foreign currency to 50% with a subsequent increase to 100% from July 1, 2022. To gradually bring domestic requirements in line with international standards, the risk weight is increased in stages and only for those securities that banks buy from April 1, 2021.
Also, the regulator will increase from the current 25% to 50% the share of the cost of noncore assets deducted from fixed capital.
This requirement to deduct the value of noncore assets from the fixed capital of banks is intended to induce banks to more actively release balance sheets from illiquid assets, which for the most part do not generate income, but are often reflected at an inflated value. The total impact of the planned changes on the banks’ fixed capital adequacy will amount to 2.5 percentage points, the NBU said in the report.
JSC Ukrgazvydobuvannia has increased production at the Kehychivske field (Kharkiv region) thanks to the drilling of directional production wells that allow reaching promising gas deposits under difficult surface conditions, the press service of the company has said.
According to the press service, the company has drilled and put into operation three wells in this field in 2021, in particular, the latter, thanks to modern technologies and rapid penetration, was drilled and connected to the surface infrastructure system ahead of schedule. Now, it operates with a flow rate of about 80,000 cubic meters per day.
“Our specialists are planning further development of the field, because despite its depletion, it is promising – residual reserves reach 5.6 billion cubic meters of gas,” the company said.
At present, at the Kehychivske field, over the entire period of operation, 22.7 billion cubic meters of gas have been produced, 41 wells are in operation.
McDonald’s restaurants in the Respublika Park shopping center and the New Way shopping center opened on December 30, the company’s press service reported.
The restaurant in the Respublika Park shopping and entertainment center (1 Kiltseva Street) is designed for 154 guests, plus another 120 seats on the terrace. For the convenience of couriers, a separate window is provided for issuing orders. There are also two MacDrive lines in Respublika Park.
The McDonald’s restaurant in the New Way shopping center (1 Architect Verbytsky Street) has a spacious hall for 134 guests and a space for 92 guests on the terrace. MacDrive has two windows for faster service, and the two-storey restaurant itself has an elevator for table service and ten self-service terminals.
The first McDonald’s restaurant in Ukraine was opened in Kyiv on May 24, 1997. Currently, the McDonald’s chain in Ukraine has 109 restaurants in 24 cities.
The network is being developed by McDonald’s Ukraine Ltd. According to the data of the unified state register of legal entities and individual entrepreneurs, MCD Europe Limited (100%, London, the UK) is a company participant. The charter capital of McDonald’s Ukraine Ltd. for December 2021 is UAH 901.801 million.
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Next year KSG Agro will expand the crop rotation of winter and spring peas on a total area of 1,000-1,200 hectares, some 500-600 hectares will be allocated for each type of crop, the company’s press service said on Thursday.
“In 2022, we will expand the crop rotation with peas, which at one time were abandoned due to low prices and demand. Now this crop is interesting as an excellent predecessor of winter crops, primarily wheat, and as a protein product for our pig breeding,” the group of companies said, citing its production director Dmytro Yemelchenko.
According to the agricultural holding, a seedling of winter pea of the Serbian Moroz grade has already been planted on an area of 53 hectares, and in March 2022 a seedling of spring peas will be sown. After receiving seeds for them, KSG Agro intends to sow marketable pea crops.
The company clarified that the expansion of the pea crop rotation is not so much commercial as technical in nature.
“Let’s say that we get a low profitability of 20-30%, but at the same time we understand that we will have an effective predecessor for winter crops, on which we will receive an increase,” Yemelchenko said in a report.
The vertically integrated holding KSG Agro is engaged in pig breeding, as well as in production, storage, processing and sale of grain and oilseeds. Its land bank is about 21,000 hectares in Dnipropetrovsk and Kherson regions.
According to the agricultural holding itself, it is one of the top five pork producers in Ukraine.
Thermal power producers have reduced their debt to NJSC Naftogaz Ukrainy by UAH 22.03 billion through mutual settlements in accordance with the law on measures aimed at settling the debt of heat supply and heat generating organizations and enterprises of centralized water supply and drainage.
This was reported in a company’s press release on Thursday.
“It was possible to carry out mutual settlements in an extremely short time thanks to effective cooperation between Naftogaz, the Ministry of Communities and Territories Development of Ukraine, the Ministry of Finance of Ukraine, the State Treasury Service, thermal producers and relevant state administrations,” the document says.
According to the company, “debt settlement and timely payments for consumed natural gas are critically important to ensure a stable passage of the heating season.”
BGV Trident Capital, founded by Illia Ponomarev and Hennadiy Butkevych (the co-owner of ATB), has invested $5 million in the robot manufacturing startup Deus Robots, created by Pavlo Pikulin in 2018.
According to a release of Deus Robots, the attracted investments will be used to organize the serial production of robots for warehouse logistics, as well as to expand the number of developers in Ukraine and the company’s entry into international markets.
It is planned that by the end of 2022 serial production will begin with a volume of about 400 robots per month. These robots will be used to automate logistics processes.
Until now, as noted, Deus Robots has developed with the personal investment of its founders. Thus, Pavlo Pikulin has already invested over $1 million of his own funds in the development of the project. In 2021, Deus Robots produced and delivered 40 robots to customers.
“In any warehouse there are a number of tasks that are solved by people: sorting, order picking and transportation of goods. We develop robotic solutions for these tasks. At the moment we have three robots: for sorting goods and parcels, for transporting racks and for pallet transportation. Next year there will be three new models of robots that will solve other problems, for example, they will be able to pick up goods from shelves and racks,” Pikulin is quoted as saying.
According to him, the robotics market is a promising area for investment. Deus Robots already has orders for the supply of 400+ robots in 2022-2023.
“One of our robots can work approximately 18 hours a day. This exceeds the working day of a loader or warehouse manager, whose working day lasts eight hours. And add weekends, vacations, hospital and other administrative costs associated with hiring people (training, transportation costs and others),” he explained.
The release also notes that the development of robotics in Ukraine is facilitated by partnership with Poshta. DEUS Robots units are already being tested in the supply chain in the processes of sorting and moving goods of Nova Poshta.
Deus Robots, a robotic company engaged in the development, production and sale of high-tech logistics equipment, was founded in Kyiv in 2018. It specializes in the development and production of technologies for autonomous mobile robots (AMR).
