The net profit of Credit Agricole Bank (Kyiv) in January-June 2019 amounted to UAH 824.944 million, which is 4.5% more than in the same period of 2018, according to a quarterly report of the bank.
According to the report, posted on the website of the financial institution, a net interest income in the first half of this year increased by 12.6% compared with the corresponding period of 2018, to UAH 1.198 billion.
The bank’s assets grew by 15%, to UAH 37.707 billion, in particular loans to customers by 13.8%, to UAH 24.689 billion.
The liabilities of the bank since the beginning of the current year have increased by 17.2%, to UAH 33.498 billion, net worth by 0.2%, to UAH 4.209 billion.
Charter capital in the first half remained at the level of UAH 1.223 billion.
Credit Agricole Bank was founded in 1993. Its only shareholder is Credit Agricole S.A. (France).
Alfa-Bank’s net profit (Kyiv) in January-June 2019 amounted to UAH 909.674 million, which is 2.3 times more than in the same period of 2018, according to a quarterly report of the bank.
According to the report posted on its website, the net interest income of the bank in the first quarter of this year increased by 16.6% compared with the corresponding period of 2018, to UAH 2.007 billion.
Assets for six months increased by 4.2%, to UAH 62.876 billion, while loans to customers decreased by 1.4%, to UAH 31.999 billion.
Since the beginning of the year, the bank’s liabilities have increased by 2.9%, to UAH 56.922 billion, its net worth rose by 18.1%, to UAH 5.954 billion, charter capital remained at the level of UAH 12.179 billion.
Alfa-Bank was founded in 1993. ABH Holding also includes Alfa-Bank in Ukraine, Belarus, Kazakhstan, Russia and Amsterdam Trade Bank N.V. The subsidiaries of ABHH also operate in Cyprus and the UK.
Ferrexpo mining company with assets in Ukraine in H1 2019 reported $270.35 million in net profit, which is 77.6% higher than the same period in 2018.
According to the financial statements posted by the company on the website of the London Stock Exchange (LSE), higher iron ore fines prices and an increase in sales volumes account for the increase.
Ferrexpo’s revenue was 28% up and amounted $787 million, while EBIDTA increased 59% to $372 million.
“During the period we continued to benefit from strong pricing for our high-grade iron ore pellets, which helped deliver healthy cash flows. This enabled us to allocate capital to further reduce debt, increase organic investment in our assets to drive medium term growth and declare a record interim dividend to shareholders,” Ferrexpo Non-Executive Chairman Steve Lucas said.
British Ambassador to Ukraine Judith Gough will complete her diplomatic mission in the coming days.
“Thank you Ukraine for four bright years! I learned a lot and had the honor to meet and collaborate with many impressive people. I am especially grateful to my amazing team. I am very sad to leave, but this is not a farewell … see you!” wrote Gough on her Twitter account on Thursday.
The diplomat also recorded a video in which she summed up the results of her diplomatic mission in Ukraine, and also recalled the most memorable events that occurred during her cadence.
The British Embassy, in turn, noted that Gough is completing her diplomatic mission in Ukraine “the other day.”
The mobile communications operator lifecell in April-June 2019 saw a rise of 41.8% in net loss year-over-year, to UAH 293.2 million.
According to financial report posted on its official website, lifecell’s revenue grew by 16.1%, to UAH 1.48 billion.
Earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 41.7%, to UAH 798.8 million. EBITDA margin grew by 9.7 percentage points, to 53.9%.
The increase is linked to growth in profit from consumption of mobile Internet that resulted of growing number of users of 4.5G network, the company said.
In the second quarter of 2018, the active subscriber base of the lifecell operator decreased by 12.8% on an annual basis, to 6.8 million subscribers.
Active three month ARPU (average revenue per user per month) increased by 27.3% by this period and amounted to UAH 53.1.
Capital investment in April-June totalled UAH 350 million that is 78.8% less year-over-year.
The penetration of smartphones in the operator’s network at the end of the second quarter was 73%.
Lifecell is the third largest mobile operator in Ukraine.
The net profit of solvent banks in Ukraine in January-June 2019 amounted to UAH 31 billion, which is 3.7 times more than in the same period last year (UAH 8.3 billion), the NBU said on its Facebook page.
The NBU pointed to three factors of growth in bank profits: a 20% increase in net interest income of banks, to UAH 39 billion, a growth in net commission income by 17%, to UAH 21 billion, and a positive result from revaluation and from transactions on currency sale and purchase – UAH 10.4 billion.
According to the NBU, there were 76 operating banks in Ukraine as of July 1, 2019.
