LLC “Cardboard and Paper Company” (Lviv), a major Ukrainian manufacturer of cardboard sleeves and sanitary products, in January-July 2023 increased its output by 21.2% to UAH 746.83 million compared to the same period of 2022.
According to the statistical data provided to Interfax-Ukraine by UkrPapir Association, in physical terms the company increased the output of cardboard products by 2.6% to 15.7 thousand tons, and of base paper for sanitary-hygienic products by 4.1% to 4.3 thousand tons. The output of toilet paper in rolls increased by 42% to 3.3 million pieces.
At the same time in July the company increased the output of paper and cardboard by 4.3% compared to the same month last year – up to 3.3 thousand tons, which is also 30% more than in June this year.
“Cardboard and Paper Company” produces products and semi-finished products from waste paperboard (cardboard sheets, corners, sleeves), pulp and recycled waste paper (toilet paper, towels, napkins TM Papero). The company supplies its products to EU countries, among others.
Among its customers are Biosphere, Arterium, Nestle, Hlebprom, and Yarich.
As reported, in 2022, the factory, without suspending work during the year, increased the volume of marketable products by 51.5% compared to 2021 – up to 1 billion 186 million UAH. Net profit tripled to UAH 263.7 mln.
The profit of the state-owned Ukrgasbank in January-July 223 amounted to UAH 2.9 billion, while the bank ended the same period in 2022 with a net loss of UAH 3.5 billion, according to the financial institution’s website.
According to the release, the bank’s assets as of August 1, 2023, reached UAH 158.6 billion, having increased by UAH 26.4 billion since the beginning of the year (excluding the impact of exchange rate differences).
The bank notes that the total portfolio of customer accounts has increased by UAH 23.5 billion since the beginning of the year to UAH 136.1 billion, including UAH balances increased by UAH 17.9 billion.
The financial institution clarifies that the hryvnia deposit portfolio of customers has almost doubled since the beginning of the year, or by UAH 3 billion to UAH 9.1 billion.
This, in particular, made it possible to increase the portfolio of three-month deposit certificates to more than UAH 11.4 billion.
In addition, Ukrgasbank increased its portfolio of domestic government bonds by almost two-thirds over 7 months – by UAH 14.2 billion to UAH 36.3 billion.
At the same time, the volume of lending was lower: since the beginning of the year, almost UAH 5 billion has been provided, of which UAH 2.8 billion was used to finance the needs of agricultural and food industry enterprises, and another UAH 1.6 billion was attracted in the electricity and trade sectors.
“To support trade, exports and imports, Ukrgasbank, which is a leader in Ukrainian trade finance, has implemented 400 transactions for Ukrainian enterprises worth over UAH 6 billion,” the financial institution added.
According to the National Bank of Ukraine, as of July 1, 2023, Ukrgasbank ranked 5th in terms of total assets (UAH 167.97 billion) among 65 banks operating in the country, its net profit for the first half of the year amounted to UAH 2.6 billion.
In the second quarter, the state-owned bank’s network grew by two branches and now includes 219 structural units across the country.
Andriy V. Pashchuk has taken office as Director of the Economic Security Bureau of Ukraine. Andriy Pashchuk has been working in the BEB since November 2022, he was appointed as the winner of the competition for vacant positions of full-time employees of the BEB, who have special titles.
Now the Acting Director of the BEB will carry out the overall coordination and control of the activities of the central apparatus (CA) and territorial departments (TS) of the BEB and ensure the fulfillment of other tasks stipulated by the Law of Ukraine “On the Bureau of Economic Security of Ukraine”.
Eduard Fedorov was dismissed by the relevant order of the OEB by agreement of the parties on August 14, 2023.
In January-July 2023, Express Insurance (Kyiv) paid out UAH 77.9 million, which is 45.5%, or UAH 55.6 million, more than in 2022 and 29.4% more than in January-July 2021, the insurer’s website reports.
In particular, motor hull insurance payments amounted to UAH 156.2 million or 87.8% of all payments, and MTPL payments amounted to UAH 15 million (8.4% of payments).
The company’s insurance payments for the period amounted to UAH 381.8 million, which is 74.6% more than in the same period a year earlier.
Including payments on motor hull insurance amounted to UAH 332.6 million (+70.9%), and on MTPL – UAH 38.3 million (2.4 times more).
The company’s assets for 7 months of 2023 increased by 11.4% and amounted to UAH 693.9 million, of which UAH 629.4 million are concentrated in cash or cash equivalents.
Shareholders’ equity increased by 11.2% to UAH 278.4 million, and the company’s actual solvency margin exceeded the regulatory indicator set by the Law of Ukraine “On Insurance” by more than 2.5 times and reached UAH 277.7 million.
Founded in 2008, Express Insurance ALC is part of the UkrAVTO group of companies. The company specializes in motor insurance. The consistently high speed of claims settlement in the IC is ensured by optimal interaction with partner service stations.
Since April 2012, Express Insurance has been an associate member of the Motor Transport Insurance Bureau of Ukraine.
Restrictions have been imposed on the movement of trucks in Kyiv, the press service of the Kyiv Patrol Police reports on its Telegram channel.
“Temporary traffic restrictions apply to heavy vehicles with a total weight of more than 24 tons, an axle load of more than 7 tons and apply to both entry to Kyiv and movement in the city. The duration of the restriction may vary depending on the temperature. So follow the latest information on our Telegram channel,” the statement said.
The police reminded that the main purpose of such measures is to preserve the road surface, which is destroyed due to the heavy traffic of heavy vehicles in hot weather.
State-owned PrivatBank again topped the list of the most profitable banks in June 2023 with a net profit of UAH 4 billion 607.1 million, but this time the state-owned Oschadbank, which is second in terms of assets, also showed a commensurate profit – UAH 4 billion 269.9 million.
According to the data released by the National Bank of Ukraine on its website, the top five banks with the highest net profit in June also included Sense Bank, nationalized in late July, with UAH 745.5 million, FUIB with UAH 690.2 million and Ukrsibbank with UAH 671.6 million.
The second five were formed by Citibank – UAH 485.3 million, Ukreximbank – UAH 439.7 million, Ukrgasbank – UAH 411.1 million, Credit Agricole Bank – UAH 393.6 million and OTP Bank – UAH 285.4 million.
Profit over UAH 200 mln was obtained by three more banks: Universal Bank (mono) – UAH 256.7 mln, ING Bank Ukraine – UAH 229.3 mln and Credobank – UAH 219.0 mln.
Among these 13 banks, the largest reserves in May were discharged by FUIB – UAH 1 billion 209.2 million, Privat – UAH 402.9 million, Sens – UAH 303.6 million and Oschadbank – UAH 222.4 million.
Oschad’s success in June was due to a sharp improvement in its trading result: it amounted to UAH 236.9m in the half-year period, while the loss on this item reached UAH 3.3bn at the end of the month.
The list of 17 loss-making banks in June (there were nine such banks in May) was headed by Raiffeisen Bank – UAH 142.9 mln, which added UAH 1 bln 142.3 mln to its reserves. It is followed by Globus – UAH 55.7 mln, Sky Bank – UAH 46.9 mln and Pravex Bank – UAH 36.6 mln.
Overall, in June 2023, banks’ net profit rose to UAH 14.06 billion from UAH 9.59 billion in May and UAH 9.94 billion in April. Excluding Privat and Oschad, net profit of banks in June UAH 5.18 billion against UAH 4.83 billion in May.
While in May the growth of total assets of all banks slowed down to UAH 2.23 billion from UAH 61.53 billion in April, in June it accelerated again to UAH 65.57 billion due to the growth of Privat by UAH 19.51 billion, Oshchad by UAH 11, 09 billion UAH, Ukrsibb – by 5.99 billion UAH, FUIB – by 5.7 billion UAH, Ukrexim – by 5.07 billion UAH, Pivdennyi – by 4.58 billion UAH, Credit Agricole Bank – by 4.17 billion UAH and Raif – by 3.23 billion UAH.
However, the leaders in terms of relative increase in assets in June were SEB Corporate Bank – by UAH 1.28 billion, to UAH 6.64 billion and Ukrbudinvestbank – by UAH 0.5 billion, to UAH 2.47 billion/
The most significant relative decrease in assets in June was demonstrated by Alliance Bank – by UAH 1.41 billion, to UAH 12.42 billion, Deutsche Bank DBU – by UAH 0.77 billion, to UAH 5.11 billion and Bank 3/4 – by UAH 0.21 billion, to UAH 1.52 billion.
In general, following the results of the first half of 2023, PrivatBank remains the most profitable bank by a wide margin – UAH 29.75 billion, or 44.0% of the total net profit of the country’s banking system for this period.
June results allowed Oschad to take the second place with UAH 6.84 billion, while Raif dropped to the fifth place with UAH 3.12 billion, having also missed FUIB with UAH 3.68 billion and Ukrsib with UAH 3.56 billion.
In the second five are OTP Bank – UAH 2.85 billion, City – UAH 2.76 billion, Ukrgas – UAH 2.60 billion, Sense – UAH 2.14 billion and Ukrexim – UAH 1.98 billion.
