The net profit of Credit Agricole Bank (Kyiv) in 2019 amounted to UAH 1.73 billion, which is 18%, or UAH 267 million more than in 2018, the bank’s website reports.
At the same time, the bank’s net profit for the fourth quarter of 2019 amounted to UAH 398 million, which is 43% more than the same indicator a year earlier (UAH 278 million).
The bank’s net interest income for 2019 increased by 7% and amounted to UAH 2.48 billion.
In 2019, the bank’s assets increased by 8%, to UAH 35.3 billion, in particular loans and customers’ debts by 5%, to UAH 25.06 billion, as well as investments and securities by 46%, UAH to 1.46 billion.
The bank’s liabilities since the beginning of the year have grown by 5%, to UAH 30.15 billion, while subordinated debt decreased by 36%, to UAH 679 million.
The bank’s net worth in 2019 rose by 23% and amounted to UAH 5.16 billion.
Credit Agricole Bank was founded in 1993. Its sole shareholder is Credit Agricole S.A. (France).
Credit Agricole Bank ranked 11th among 76 banks operating in the country as of October 1, 2019 in terms of total assets (UAH 38.111 billion), according to the National Bank of Ukraine.
Ratio of number of unemployed and number of job opportunities in Ukraine from Dec 2018 to Dec 2019
The U.S. Department of Agriculture (USDA) in February revised upwards the forecast for export of corn from Ukraine in the 2019/2020 agricultural year (July-June) by 0.5 million tonnes compared with the January forecast, to 31 million tonnes, and the corn harvest – by 0.3 million tonnes, to 35.8 million tonnes.
According to the February report posted on the USDA website, the forecast for production and export of Ukrainian wheat remained at the January level – 29 million tonnes and 20.5 million tonnes respectively.
USDA in February did not change the forecast for production and export of Ukrainian barley leaving it at 9.5 million tonnes and 5 million tonnes respectively.
In general, grain forecast for the 2019/2020a agri-year was revised upwards by 0.39 million tonnes, to 75.43 million tonnes and exports – by 0.53 million tonnes, to 56.6 million tonnes.
Ukraine in January 2020 increased revenue from electricity exports by 36.4% (by $11.204 million) compared to the same period in 2019, to $41.957 million.
According to the State Customs Service, last year electricity was supplied to Hungary for $22.676 million, Poland for $8.538 million, Romania for $7.692 million, and other countries for $3.051 million.
In addition, in January 2020, Ukraine imported electricity for $25.96 million, in particular for $12.713 million from Hungary, $7.919 million from Slovakia, $2.829 million from Belarus, and $2.499 million from other countries.
According to tentative data, Ukrainian banks posted an almost three-fold rise in profit in 2019, reaching UAH 60 billion, First Deputy Governor of the National Bank of Ukraine (NBU) Kateryna Rozhkova has said.
“UAH 60 billion is profit of the banking sector in 2019, according to tentative data. Almost three times more than a year ago. A new historic record,” she wrote on her Facebook page on Thursday.
Ukraine in January 2020 imported 596,336 tonnes of petroleum products (according to foreign trade activity code 2710, petrol, diesel fuel, fuel oil, jet fuel, etc.), which is 13.4% less than in the same period of 2019.
According to the State Fiscal Service, petroleum products were imported in the amount of $371.751 million, which is 12.6% less than in January 2019.
Fuel imports from Russia amounted to $147.083 million (a share of 39.56%), Belarus to $135.742 million (36.51%), Lithuania to $50.011 million (13.45%), from other countries to $38.915 million (10.47%).
In addition, in January 2020, Ukraine exported 27,223 tonnes (46.5% less compared to January 2019) of petroleum products for a total amount of $15.698 million (23.5% less). The cost of fuel delivered to contractors from Latvia amounted to $3.781 million, Hungary some $2.09 million, Ireland some $1.24 million, and from other countries some $8.587 million.
