Net profit of Citibank (Kyiv) amounted in the first half of 2021 to UAH 768.7 million, which is 14.2% more than in the same period in 2020, according to the bank’s report in the information disclosure system of the National Securities and Stock Market Commission.
According to it, the bank’s net interest income decreased over the first six months by 23.4%, to UAH 596.5 million, while the net commission income – by 0.9%, to UAH 125.1 million.
At the same time, the result from transactions with financial instruments recorded at fair value increased 4.8 times, to UAH 112.9 million. Profit from transactions with foreign currency amounted to UAH 117 million versus loss of UAH 52.5 million in the first half of last year.
In addition, Citibank also decreased reserves for the depreciation of securities in the portfolio for sale by UAH 75.7 million, while in the same period last year they had to be increased by UAH 102.4 million.
The bank’s assets decreased in January-June 2021 by 3.4%, to UAH 26.9 billion, although loans and customer debt increased by 49.6%, to UAH 3.74 billion. The bank’s liabilities since the beginning of this year have decreased by 1.4%, to UAH 25.01 billion, including customer funds – by 2.2%, to UAH 24.52 billion.
The bank’s equity capital decreased in the first half of 2021 by 23.9%, to UAH 1.89 billion.
Citibank was established in 1998 and is a subsidiary bank of American Citibank NA.
According to the National Bank of Ukraine (NBU), as of May 1, 2021, Citibank ranked 15th among 73 banks operating in the country in terms of total assets (UAH 27.92 billion).
INTERNAL AND EXTERNAL DEBT OF UKRAINE IN 2009-2021
Ukraine is changing the rules for crossing the border, in particular, it will oblige those entering from Russia and India to undergo 14-day self-isolation, Health Minister Viktor Liashko said during a government meeting on Wednesday.
“Unvaccinated foreigners and Ukrainians who arrived from Russia and India will be subject to special control. If they have spent the last seven days in these countries, they will be subject to mandatory self-isolation or observation for 14 days without the possibility of early termination,” he said.
“The new Delta coronavirus strain is actively spreading in Europe. A large outbreak is recorded in Russia. We propose new border crossing rules, which will take effect seven days after the official publication, in order to reduce the possibility of the spread of the virus in Ukraine. Also due to these changes, we we will be able to conduct better epidemiological investigations if a carrier is identified,” the minister said.
Nova Poshta Global, part of Nova Poshta Group, began delivering goods from online stores in Turkey; goods can be ordered through the NP Shopping website, the company’s press service said on Tuesday.
“Now Turkey is the third largest exporter of clothing in the world, and local manufacturers are actively developing their own brands – today there are more than 500 of them in the market. We expect orders from such online platforms as Hepsibursada, Trendyol, Morhipo, Collezione and others, because very few top Turkish brands are sold abroad online. Of course, the catalog of online stores will be constantly replenished with new names, so Ukrainians will feel like shopping in Turkey,” the press service said, citing Deputy Director for Product Development and Marketing of Nova Poshta Global Olha Volodina.
The company notes that for Turkish goods, the shipping cost will decrease in accordance with the weight of the shipment. To calculate the final shipping cost, one can use the calculator on the NP Shopping website.
Delivery times for orders from Turkey are from eight working days.
PwC team in Ukraine has been driving the AEO concept implementation since the beginning of its active development in Ukraine and has helped the first business in Ukraine to obtain the AEO status.
Having 15 years of experience and unique for Ukraine expertise PwC experts have developed a guide that contains comprehensive information about the status of AEO, companies that can get it, a detailed overview of the procedure and obstacles on this way, a comparative analysis of benefits and simplifications for business which provides this status.
The guide is available for download online in Ukrainian and English languages.
“It is my sincere hope that the Ukrainian business will have an opportunity to benefit from the AEO Programme and its special simplifications and this will enhance confidence in customs authorities.” – commented Vita Miroshnychenko, Head of Customs Regulations and International Trade practice, author of the guide on AEO programme, PwC Ukraine.
The borders of 124 countries of the world are open to Ukrainian citizens, Ukrainian Foreign Minister Dmytro Kuleba said.
“As of today, the borders of 124 countries of the world are open for the citizens of Ukraine. This summer is much freer in terms of travel than the past. Among the popular tourist destinations, Albania, Bulgaria, Greece, Georgia, the Dominican Republic, Egypt, Cyprus, Cuba, the Maldives, the United Arab Emirates, the Seychelles, Thailand, Tunisia, Turkey, Croatia, Montenegro are already open,” Kuleba said in an online briefing on Wednesday.
He urged citizens to observe safety measures while traveling, first of all, to be vaccinated and to adhere to all entry rules. Kuleba also recalled that the Ministry of Foreign Affairs has created a popular resource for Ukrainians tripadvisor.mfa.gov.ua, where all information is promptly updated, and one can get the most accurate data on the conditions of entry or transit.
“Today, in total, 26 European countries are open. This includes the EU and the UK. We will continue to work on opening countries for Ukrainians, this will absolutely remain our priority,” the minister assured.
