As of the middle of August, Ukraine International Airlines (UIA) transported 113,345 passengers and 390,185 tonnes of cargo since the resumption of flights in the middle of June.
“Starting from mid-June until mid-August, we carried out around 1,238 regular and charter flights, of which 86% departed on schedule,” UIA President Yevhen Dykhne said on Facebook.
He also recalled that in the first half of the year the UIA transported around 1 million passengers, while last year this index reached almost 4 million.
“This means that aviation in fact has to start from zero, and the interest and persistence of employees alone are worthy of attention,” Dykhne said.
He also said that the airline has a range of plans for autumn, adding that he expects the company’s results would only grow.
As reported, earlier the UIA reduced its August flight schedule due to the extension of a ban on entering the Schengen zone for Ukrainian citizens by the EU.
PrJSC Insurance company VUSO (Kyiv) in January-June 2020 collected UAH 454.027 million of gross premiums, which is 2.52% more than in the same period in 2019, the rating agency Standard-Rating reports, confirming the company’s financial strength rating at “uaAA” on the national scale, based on the analysis of the company’s performance for the first half of 2020.
According to the agency report on its website, income from individuals increased by 23.53%, to UAH 323.406 million, and from reinsurers, on the contrary, decreased by 56.64%, to UAH 24.531 million. Thus, the share of individuals in gross premiums increased to 71.23%, while the share of reinsurers decreased to 5.40%, while individuals continue to prevail in the insurer’s client portfolio.
Insurance premiums sent to reinsurers for the first half of 2020 compared to the same period in 2019 decreased by 2.81%, from UAH 185.871 million to UAH 180.644 million. As a result, the coefficient of dependence on reinsurance companies decreased from 41.97% to 39.79%, or 2.18 percentage points.
The insurer’s business activity indicators in the period under review showed a growing trend: net premiums increased by 6.38%, to UAH 273.383 million, and premiums earned by 39.34%, to UAH 330.473 million.
For the six months of 2020 VUSO paid out to its clients UAH 16.846 million of insurance compensations, which is 35.57% more than the volume of payments for the same period in 2019. At the same time, the level of payments increased from 27.62% to 36.53%, or by 8.91 percentage points.
The company’s assets as of June 31 increased by 8.92%, to UAH 693.585 million.
Oschadbank (Kyiv) is preparing to start selling non-performing loans (NPL) at open auctions starting in the fall of 2020, in particular, the bank is currently identifying and agreeing on the relevant assets for sale, the bank’s press service has told Interfax-Ukraine.
The press service clarified mechanisms for managing problem assets have become more accessible thanks to the decree of the National Bank of Ukraine (NBU) dated April 13, 2020 (No. 49) and the resolution of the Cabinet of Ministers dated April 15, 2020 (No. 281).
It is clarified that these documents determine that the relevant auctions should be held according to the Dutch model (to lower the price) and include the stages of submitting closed price offers and a price offer subject to a number of conditions.
The press service added that such conditions include a ban on the purchase of a lot by the debtor or a person related to him, setting the starting price at the level of the gross book value of the financial asset, and the minimum at a level not less than the minimum economic benefit.
It is noted that the changes adopted by the NBU and the Cabinet of Ministers also determine the procedure for writing off bad assets by state banks. In particular, in accordance with them, Oschadbank in the first half of 2020 wrote off non-performing assets by UAH 22 billion, which led to a decrease in the share of NPL in the total credit portfolio from 55% at the beginning of the year to 48%.
Main trade partners of Ukraine in % from total volume (import from other countries to Ukraine) in Jan-May
The single counterparty exposure limit (H7), the value of which should be no more than 25%, was violated by Ukreximbank (33.57%), Industrialbank (74ю66%), Prominvestbank (77.25%), Oschadbank (28.37%), Misto Bank (38.13%) as of August 1, 2020, according to a posting on the website of the National Bank of Ukraine (NBU).
The central bank said that the related party transactions exposure limit (H9, the requirement is no more than 25%) was violated by Megabank (51.94%), First Investment Bank (59.23%), Unex Bank (30.55%), Motor Bank (49.85%).
The limit on bank total long open FX position (L13-1), the value of which should be no more than 10%, was violated by Prominvestbank (130.6%), Oschadbank (128.8%), PrivatBank (89.12%) and Industrialbank (16.37%).
Prominvestbank (132.89%) violated the limit on bank total short open FX position (L13-2, the value should be no more than 10%).
Arkada Bank (60.23%) violated the limit in bank short open position on all currencies (LCRвв, the value should be no less than 100%).
Since the beginning of the new 2020/2021 marketing year (MY, July-June) and as of August 19, 2020, Ukraine exported 5.1 million tonnes of grain and legumes, which is 1.26 million tonnes less (due to corn) than on this date in the past MY.
According to the information and analytical portal of the Ukrainian agro-industrial complex, 3.03 million tonnes of wheat, 1.56 million tonnes of barley and 502,000 tonnes of corn (1.18 million tonnes less) was exported to date.
As of August 19 of this year, 28,400 tonnes of flour was also exported.
As reported, in the 2019/2020 MY Ukraine exported a record 57.2 million tonnes of grain, legumes and flour, which is 13.5% more than in the previous MY.
