The Security Service of Ukraine (SBU), together with police and other law enforcement agencies, is carrying out urgent investigative actions and search activities in connection with the shelling of the building of the 112. Ukraine TV channel in Kyiv. “The prosecutor’s office has determined that the investigators of the SBU will conduct a pretrial investigation,” according to the SBU page on Facebook.
In the early hours on July 13, an unknown persons opened fire from a grenade launcher at the face of the TV channel’s building. No one was hurt in the shelling. A criminal case was opened on the grounds of a terror attack.
The Economist has published updated data on the rating of world currencies, the so-called Big Mac Index, according to which the cost of the hryvnia is underestimated by 61.3%, and the real rate according to purchasing power parity should be UAH 9.93 per U.S. dollar, the Ukrainian Dzerkalo Tyzhnia (Mirror Weekly) ezine said. Early this year, the Ukrainian currency was underestimated by 65.2% according to the Big Mac Index.
The Big Mac Index is an index created by The Economist based on the theory of purchasing power parity (PPP). Over the long-term, PPP theory states that currency exchange rates should equal the price of a basket of goods and services in different countries.
The official forex rate set for Ukraine’s hryvnia on July 12 is UAH 25.8 per U.S. dollar.
National bank of ukraine’s official rates as of 15/07/19
Source: National Bank of Ukraine
Net profit of PrivatBank (Kyiv) in January-June 2019 totaled UAH 18.3 billion, which is 2.7 times more than a year ago (UAH 6.9 billion), PrivatBank Board Chairman Petr Krumphanzl has told Interfax-Ukraine.
According to him, net interest income of the bank over the period amounted to UAH 9.8 billion, net commission income reached UAH 8.5 billion.
“One of the significant factors that contributed to the achievement of good financial result is the high efficiency of the bank. This is ensured by significant automation of processes, high efficiency of the regional network, which includes almost 2,000 branches,” the banker said.
As reported, the government of Ukraine on December 18, 2016, referring to the offer of the National Bank of Ukraine (NBU) and former shareholders of PrivatBank, the largest of who at that time were Ihor Kolomoisky and Hennadiy Boholiubov, decided to nationalize this largest Ukrainian financial institution and infused over UAH 155 billion in its capital.
According to the NBU, PrivatBank as of April 1, 2019 was first among 77 banks operating on the market in terms of total assets (UAH 525.698 billion).