Business news from Ukraine

Business news from Ukraine

Sky Bank Increased Its Authorized Capital by 94.4 Mln UAH

Sky Bank (Kyiv) increased its authorized capital by 94.38 million UAH—to 367.55 million UAH—by raising the par value of its shares using a portion of the profit earned in 2025.

According to the bank’s filing with the National Securities and Stock Market Commission (NSSMC)’s disclosure system, the decision to increase the authorized capital was approved by the bank’s annual general meeting of shareholders on April 28, 2026.

State registration of the relevant amendments to the articles of association was completed on July 3, and the NSSMC registered the share issue on August 13.

On August 20, the bank received a notification from the Central Securities Depository regarding the deposit of the global certificate and the entry of information about the new par value of the shares into the depository accounting system.

Following the capital increase, the number of the bank’s voting shares stands at nearly 3.54 million, or 99.9358% of the total number of shares.

According to data from the National Bank, as of July 1, 2026, Sky Bank ranked 40th (4.28 billion UAH) among 59 banks in terms of total assets, and the financial institution’s net profit for the first half of the year amounted to 27.34 million UAH.

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Respect Insurance Company Increased Net Premiums by 33.8% in First Half of Year

PJSC “Respect Insurance Company” (Odesa) collected UAH 52.641 million in net premiums in January–June 2026, which is 33.8% more than in the same period of 2025.

According to the company’s interim report, published in the disclosure system of the National Securities and Stock Market Commission (NSSMC), its gross premiums for this period totaled 52.781 million UAH (+33%, respectively). A total of 140,000 UAH was ceded to reinsurers (2.1 times less).

During this period, the company paid out 5.548 million UAH, which is 0.7% less than during the same period a year ago. Meanwhile, administrative expenses totaled 62,000 UAH, which is 4.3 times less than in the first six months of 2025.

Respect Insurance Company’s operating profit for the first half of the year amounted to 17.129 million UAH (3.2 times higher), and net profit was 18.834 million UAH (2.7 times higher).

According to data from the National Securities and Stock Market Commission as of the first quarter of 2026, LLC “Asset Management Company YUG-Invest” (the “Industrial” Closed-End Undiversified Venture Capital Investment Fund) held 67.935% of the insurer’s shares, “Ulyublene Misto” LLC held 9.646%, and “Bereg Stroy Service 2017” LLC held 9.242%.

“Respect” Insurance Company has been operating in the Ukrainian market since March 1995. The company’s main risk portfolio is related to the transportation sector.

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UPSK to Pay 40 Mln UAH in Dividends for 2025

Shareholders of PJSC “Ukrainian Fire and Insurance Company” (Kyiv) approved at an extraordinary meeting on July 21, 2026, the amount of annual dividends for common registered shares, based on the results of operations in 2025, totaling 40 million UAH, or 2.50 UAH per share.

As reported by the company in the disclosure system of the National Securities and Stock Market Commission (NSSMC), the decision to pay dividends was adopted by the annual remote general meeting of shareholders (minutes dated May 8, 2026).

The dividends are planned to be paid in several installments (proportionally to all shareholders within a total 6-month period from the date of the decision). The first installment, in the amount of 16 million UAH, is due by August 5, 2026; the second installment, in the amount of 16 million UAH, is due by October 13, 2026; and the third installment, in the amount of 8 million UAH, is due by November 6, 2026.

PJSC “UPSK” was registered in 1993. It specializes, in particular, in motor vehicle insurance, financial risk insurance, travel insurance, property insurance, cargo insurance, and baggage insurance.

According to the company, Oleksandr Mikhailov owns 99.999% of its shares.

According to data from the National Bank of Ukraine (NBU), the company ranks 16th among Ukraine’s non-life insurers in terms of premiums collected in 2025.

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NovaPay has registered new bond issue worth 200 mln hryvnia

The National Securities and Stock Market Commission (NSSMC) has registered the 15th issue of Series “O” bonds of the international financial service NovaPay (TM NovaPay), part of the Nova Group, issued by its subsidiary “NovaPay Credit,” with a face value of 200 million UAH, according to a company statement.

The NSSMC’s website notes that the bonds were issued in the standard denomination of 1,000 UAH each. The fixed yield on these bonds will be up to 18% per annum.

“We are consistently developing our corporate bond program, as we see steady interest from Ukrainians in this investment instrument,” NovaPay’s Director of Retail Business Development, Yana Levada, is quoted as saying in the press release.

She clarified that the registration of the new issue will allow the company to continue raising funds for the development of financial services and credit products.

In early June, the company fully placed its 14th bond issue—Series “N”—with a face value of 200 million UAH.

As previously reported, the number of investors who purchased NovaPay bonds exceeded 8,000, and the total sales volume reached 4 billion hryvnia, whereas in March of this year, these figures stood at over 7,000 investors and 3.5 billion hryvnia in investments.

In February, NovaPay announced the full placement of Series “M” bonds with a face value of 200 million UAH.

In total, 15 corporate bond issues have been carried out since 2023, of which two have been redeemed: Series “C” in the amount of 100 million UAH in 2025 and Series “A” in the amount of 100 million UAH in 2026.

NovaPay was founded in 2001 as an international financial service, part of the Nova Group (“Nova Poshta”), and provides financial services both online and offline at “Nova Poshta” branches. In 2023, the company became the first non-bank financial institution in Ukraine to receive an expanded license from the NBU, which allowed it to open accounts and issue cards; it was also the first non-bank to launch its own financial app with a wide range of financial services at the end of last year.

In 2025, NovaPay increased its revenue by 10.4% to 10.01 billion UAH, while its net profit decreased by 22% to 2.58 billion UAH.

In January–March 2026, the company increased the volume of money transfers by 53% compared to the same period in 2025—to over 200 billion UAH—while the number of transactions rose by 12%—to 126 million.

According to the National Bank of Ukraine, the company accounts for approximately 22.7% of the total volume of domestic money transfers.

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“Slavuta Brewery” to Begin Dividend Payments on July 15

PJSC “Slavuta Brewery” (Slavuta, Khmelnytskyi Oblast) will begin paying dividends for the 2025 fiscal year on July 15.

As the company reported on Tuesday via the disclosure system of the National Securities and Stock Market Commission (NSSMC), the supervisory board adopted the relevant resolution on June 30, also setting July 15 as the record date for shareholders.

Dividends will be paid directly to shareholders by November 4, 2026.

As previously reported, the annual general meeting of shareholders on April 23 approved the allocation of 1.75 million UAH from the 2025 net profit for dividend payments. The dividend amount is 2 UAH per ordinary registered share, representing an annual yield of 117.6%.

According to data from the Opendatabot service, at the end of 2025, PrJSC “Slavutsk Brewery” reported UAH 16.97 million in net profit, which is 27.1% higher than the 2024 figure. At the same time, the company’s net revenue increased by 28.2% to 120.07 million UAH.

The number of employees at the plant rose from 95 to 105 over the course of the year. The company’s authorized capital currently stands at 1.49 million UAH.

PJSC “Slavuta Brewery” (Slavuta, Khmelnytskyi Oblast) was founded on January 31, 2008. The company specializes in the production of beer and malt, and also manufactures plastic containers.

According to the company’s website, the plant has its own malt house and three production workshops: the brewhouse, the fermentation and lagar workshop, and the bottling workshop. Its production capacity allows it to produce more than 10 varieties of unpasteurized beer, which are sold under the brand names “Slavutskoye,” “Prince Sangushko,” “Princess Sangushko,” and “Zhigulivskoye.” The company operates its own retail chain of draft beer stores, as well as a network of distributors in the western and central regions of Ukraine.

The main shareholders of the private joint-stock company are Tetiana Kmytiuk (17.89%), Stanislav Pavlovskyi (14.65%), Larysa Lavreniuk-Ulyanich (6.72%), and “Greenesis Plus” LLC (5.7%).

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“Agromat” Increased Its Net Profit by 91.4% in 2025

Shareholders of the industrial and technical company ‘Agromat’ decided to issue Series “J” bonds worth 100 million UAH for public offering, the company reported in the NSSMC system.

According to the announcement, the bond offering is being conducted to optimize the company’s debt portfolio.

It is noted that the bonds are planned to be placed through a public offering exclusively to qualified investors (without a prospectus) via an investment firm acting as a placement agent without providing a guarantee.

AgroMat corporate bonds of Series “H” and “I,” each with a total face value of 100 million UAH, are currently in circulation.

The announcement states that the company’s co-owners, each holding a 28.65% stake, are CEO Serhiy Voitenko, Oksana Reva, and Anatoliy Taday; an additional 10.05% is owned by Olga Bashota, and 4% by Nadiya Rushelyuk.

As previously reported, in September 2024, “Agromat” issued three-year Series “H” bonds worth 100 million UAH for public offering, and in November of the same year, it issued Series “I” bonds for the same amount. The funds raised are planned to be used to expand the retail network.

“Agromat” manufactures and sells ceramic tiles and bathroom fixtures; it was founded in 1993. The company operates through 33 retail locations in 21 cities across Ukraine and online at agromat.ua.

According to information on the company’s website, based on 2025 results, PTK LLC “Agromat” increased its net revenue by 5.2% compared to the previous year—to 3.59 billion UAH—and its net profit by 91.4%, to 148 million UAH. In the first quarter of 2026, net revenue grew by 10.4% compared to the same period last year—to 788.5 million UAH—while net profit decreased from 47.5 million UAH to 199 thousand UAH.

As of the end of 2025, Kredobank was the Agromat Group’s main long-term lender, with loans totaling 34.8 million UAH at interest rates of 15.5% and 24.68%. An additional 3.9 million UAH was accounted for by ProCredit Bank at a rate of 3.77%.

The short-term loan portfolio, totaling 524.5 млн грн as of the end of 2025, consisted of loans from six banks at interest rates ranging from 3.77% to 24.68%: Raiffeisen – 199 млн грн, ProCredit – 153.9 млн грн, OTP – 20 млн грн, Crédit Agricole – 65.6 млн грн, Pivdenny – 19 млн грн, and Kredobank – 66.9 млн грн.

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