Nationalized PrivatBank (Kyiv) in January-September 2019 saw net profit rise to UAH 27.4 billion from UAH 5.093 billion for the same period in 2018, which became a new absolute figure for the bank and the entire banking system of Ukraine, according to a press release from the bank.
According to the bank, its net commission income for the nine months amounted to UAH 13.3 billion, net interest income some UAH 14.7 billion.
As reported, the net profit of PrivatBank (Kyiv) in January-June 2019 amounted to UAH 18.3 billion, which is 2.7 times more compared to the corresponding period of 2018 (UAH 6.9 billion).
Net interest income for the six months amounted to UAH 9.8 billion, net commission income some UAH 8.5 billion.
The government of Ukraine on December 18, 2016, referring to the proposal of the NBU and the former shareholders of PrivatBank, the largest of whom at that time were Ihor Kolomoisky and Hennadiy Boholiubov, decided to nationalize this largest financial institution in the Ukrainian market and invested over UAH 155 billion in its capital.
PrivatBank ranked first among 76 banks operating in the country as of July 1, 2019 in terms of total assets (UAH 522.422 billion), according to the National Bank of Ukraine.
Ukraine in January-September 2019 reduced import of coal and anthracite (foreign trade code 2701) by 4.4% (by 689,521 tonnes) compared to the same period in 2018, to 14.951 million tonnes.
According to the State Fiscal Service, coal was imported for $2.089 billion, which is 4.7% less than in January-September 2018.
At the same time, coal worth $1.218 billion (the share in imports is 58.27%) was received from Russia, while the United States supplied coal for $667.294 million (31.94%), Kazakhstan for $94.992 million (4.55%), and other countries for $109.626 million (5.25%).
In addition, Ukraine for the first nine months of 2019 exported 13,157 tonnes of coal and anthracite worth $508,000, in particular to Moldova for $380,000, to Hungary for $96,000, and Poland for $32,000.
JKX Oil & Gas with assets in Ukraine and Russia in the nine months of 2019 reached an average daily production of 10,668 barrels of oil equivalent (boepd), which is 19% more than the average figure for the nine months of 2018.
According to the company’s report on the London Stock Exchange, production in Ukraine in January-September 2019 rose by 51% compared to January-September 2018, to 5,535 boepd, in particular that of gas by 55%, to 765,000 cubic meters per day, oil and condensate by 33%, to 1,033 boepd.
At the same time, the average gas price for the indicated period of 2019 in Ukraine decreased by 21% compared to the same period in 2018, to $226 per 1,000 cubic meters, oil by 15%, to $61 per barrel.
The company said that in the third quarter of this year, compared with the second quarter, the average daily production grew by 13%, to 11,719 boepd, including in Ukraine by 16%, to 6,217 boepd. In particular, the growth of gas production in Ukraine amounted to 14%, to 842,000 cubic meters per day, oil and condensate by 26%, to 1,260 boepd.
“This is the highest level of oil production for the quarter and since the beginning of the year for the period from 2013,” the report said.
The increase in oil production in the third quarter of 2019 is the result of drilling two new wells: NN81 and IG142, JKX said.
At the same time, gas prices continued to decline in the third quarter, to an average of $175 per 1,000 cubic meters compared with $215 per 1,000 cubic meters in the second quarter and $269 per 1,000 cubic meters in the first quarter.
JKX Oil & Gas is engaged in the exploration and production of hydrocarbons in Ukraine, the Russian Federation, Hungary, and Slovakia.
Ukrainian enterprises in January-September 2019 decreased exports of ferrous scrap metal by 86.9% compared to the same period of 2018, to 40,633 tonnes (307,922 tonnes in January-September 2018).
According to customs statistics released by the State Fiscal Service of Ukraine, exports of scrap metal in monetary terms fell by 88.8%, to $11.273 million ($100.290 million a year ago).
Some 3,551 tonnes of scrap metal was exported in September, 155,000 in August, 204,000 tonnes in July, 208,000 tonnes in June, 8,068 tonnes in May, 8,791 tonnes in April, 8,246 in March, 8,252 tonnes in February and 3,140 tonnes in January.
At the same time, in January-September 2019, the country increased imports of scrap metal in kind by 48% compared to January-September 2018, to 43,503 tonnes. Imports in monetary terms decreased 0.2%, to $26.521 million.
Imports of scrap metal for the mentioned period arrived mainly from Turkey (55.26% of deliveries in monetary terms), Russia (35.19%), and the Netherlands (2.51%); and major exports were shipped to Turkey (86.99%), the Netherlands (6.21%) and Germany (4.85%).
Ukrainian metal companies in January-September 2019 imported 1,462 tonnes of ferrous products obtained by direct reduction of iron ore (HS code 7203) – hot briquetted iron (HBI), which is a substitute for pig iron and scrap metal. The HBI was imported from Russia through July-August for a total value of $478,000 when 1,539 tonnes of HBI was imported through January-September 2018 with a total value of $509,000.
As reported, Ukrainian enterprises in 2018 decreased exports of ferrous scrap metal by 33% compared to 2017, to 327,547 tonnes. Exports of scrap metal in monetary terms fell by 13.3%, to $105.646 million.
The Cabinet of Ministers of Ukraine has earmarked UAH 70 million to buy equipment for issuing passports, driver’s licenses and registration of vehicles in the administrative service centers, Ukrainian Prime Minister Oleksiy Honcharuk said at a briefing on Wednesday.
“Today we took the first step towards the unification of the network of administrative service centers. It so happened that in the previous government many ministries tried to make themselves transparent offices, the administrative service center, each built its own infrastructure. This will not happen… We will optimize them. Today we approved the procedure for using funds for one of these networks – Administrative Service Centers, and the logic of the merger has already been laid in this procedure,” Honcharuk said.
The prime minister said that all these structures were created with one goal – to provide administrative services to the population – therefore, their unification is inevitable.
A bill on demonopolilzation of the spirit sector could be passed by the end of this year, according to newly appointed advisor to the Minister of Economic Development, Trade and Agriculture of Ukraine on a voluntary basis Serhiy Bleskun. “A project to demonopolize the alcohol industry starts on Friday during the roundtable. A law on demonopolization of the alcohol industry may be adopted by the end of the year. The bill has already been developed,” he said at a briefing in the Cabinet of Ministers on Wednesday.
According to Bleskun, the state receives UAH 4.6 billion annually from the alcohol industry.
“We ask buyers of alcohol how much time it will take to build a distillery. They say: one and a half or two years. If they are allowed today, then after one and a half or two years they will have their own alcohol to make private distilleries operate,” he said.
State-owned enterprise Ukrspyrt is a major producer of alcohol and alcohol-containing products in Ukraine. Until now, it was subordinate to the Ministry of Agricultural Policy and Food.
The total production capacity of the SOE is more than 36 million decalitres per year. It has 41 production sites.
