Business news from Ukraine


6 September , 2018  

PrivatBank by the end of this year plans to launch a new online service in Ukraine to sell government domestic loan bonds to individuals via its Privat24 platform.
“Together with the NBU, PrivatBank is developing online integration with the securities depository for the simplicity and convenience of making deals in remote channels,” the financial institution said.
According to the bank, together with the National Commission for Securities and the Stock Market, work is underway to amend a number of regulatory acts to simplify the purchase of government domestic loan bonds by individuals. In particular, this is regulation No. 735 regarding simplification of the procedure for opening an account in securities and regulation No. 1708 regarding the division of responsibilities between the bank’s branches when settling transactions with securities.
PrivatBank said that since the beginning of the year, as part of the experiment on the sale of government domestic loan bonds through VIP branches, it sold to its private customers government domestic loan bonds worth about UAH 0.5 billion, providing more than 15% of the total portfolio growth.
Since the beginning of the year, according to the NBU, the portfolio of government domestic loan bonds of individuals has grown 3.1 times, or UAH 3.05 billion, to UAH 4.52 billion. In particular, the portfolio of the hryvnia-pegged bonds increased 5.9-fold, to UAH 1.08 billion, U.S. dollar-pegged bonds – 2.7-fold, to UAH 3.23 billion and euro-pegged bonds – 2.5-fold, to the equivalent of UAH 0.21 billion.

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