Business news from Ukraine

Business news from Ukraine

PrivatBank finances Naftogaz for almost UAH 5 bln to prepare for winter

Naftogaz Group has attracted a UAH 4.7 billion loan from PrivatBank to fill its underground gas storage facilities with the required volumes of gas, said Serhiy Koretsky, Chairman of the Board of Naftogaz of Ukraine Sergiy Koretsky.

“Naftogaz Group has attracted a UAH 4.7 billion loan from PrivatBank. The funds were used to build up the necessary gas reserves in underground storage facilities for a sustainable heating season,” Koretsky wrote on Facebook on Wednesday.

He noted that cooperation with international financial organizations and partner countries is ongoing.

“I am grateful to the management of PrivatBank for the quick response to our request. I thank the Government for supporting our efforts to prepare for the winter,” said the head of Naftogaz.

The company indicated that it is diversifying sources and routes of gas supply to increase Ukraine’s energy security and resilience in a full-scale war.

As reported, in the spring of 2025, Naftogaz announced its intention to use a EUR 270 million loan from the European Bank for Reconstruction and Development (EBRD) and EUR 140 million in grant funding provided by the Norwegian government through the NORAD fund for the urgent purchase of 1 billion cubic meters of gas. The company has also contracted 440 million cubic meters of liquefied natural gas (LNG) from the Polish concern ORLEN.

 

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PrivatBank sells “bad” loans for UAH 5.2 bln

State-owned PrivatBank (Kyiv) will put up for sale its “bad” loans totaling UAH 5.2 billion through the SE SETAM platform, which will be open for bidding until July 30, 2025.

“PrivatBank offers professional market participants to register on the platform of the electronic trading system of the Ministry of Justice OpenMarket of SE SETAM until July 30, 2025 to acquire claims on a portfolio of consumer loans to individuals with a total debt of UAH 5.2 billion, which is the initial (starting) price of the lot,” the bank said on its website on Monday.

It is noted that the portfolio includes only the loan principal and accrued interest. The auction will be held in several stages: automatic gradual reduction of the starting price of the lot, submission of closed bids and open bids. The minimum selling price of a lot is 1.2% of the starting price.

According to the National Bank of Ukraine, as of April 1, 2025, PrivatBank ranked first in terms of total assets – UAH 945.4 billion, or 25.2% among 60 banks.

As reported, in 2025, PrivatBank had to put up for sale a portfolio of bad loans to individuals totaling more than UAH 5 billion.

PrivatBank to sell bad loans to individuals worth over UAH 5 bln

In 2025, state-owned PrivatBank (Kyiv) will put up for sale a portfolio of bad loans to individuals totaling more than UAH 5 billion.

“During 2025, PrivatBank plans to offer professional market participants a loan portfolio with a total debt of more than UAH 5 billion, which will include consumer loans granted to individuals without collateral,” the financial institution said on its Telegram channel on Monday.

It is noted that this refers exclusively to loans that are classified as “bad”.
Previously, the bank offered restructuring programs to borrowers and took all possible measures to repay the debt, including enforcement.

“Loans to military personnel, mobilized soldiers, and residents of territories where active hostilities are taking place or that are temporarily occupied will be excluded from the bad loan portfolios for sale,” PrivatBank said.
According to the National Bank of Ukraine, as of April 1, 2025, PrivatBank ranked first in terms of total assets – UAH 945.4 billion, or 25.2% among 61 banks.

PrivatBank transferred record UAH 32.1 bln in dividends to budget

State-owned PrivatBank (Kyiv) transferred UAH 32.1 billion in dividends to the state budget, which is more than half of all dividend income from state-owned and municipal enterprises planned for 2025.

According to a statement released by the bank on Thursday, PrivatBank, following a decision by its shareholder, transferred UAH 32.1 billion to the budget, which was transferred in full to the treasury accounts.

It is noted that the state budget of Ukraine for 2025 provides for UAH 50 billion in dividend income from state-owned and municipal enterprises.

In accordance with the Cabinet of Ministers’ decision on the distribution of profits, PrivatBank transferred 80% of its net profit for 2024, which amounted to UAH 40.1 billion, to the budget. Thus, the amount of dividends from the bank reached UAH 32.1 billion.

In addition, PrivatBank paid almost UAH 41 billion in income tax in 2024, which is the highest figure among all banks in Ukraine.

According to the National Bank of Ukraine, as of April 1, 2025, PrivatBank ranked first in terms of total assets with UAH 945.4 billion, or 25.2% among 61 banks.

As reported, PrivatBank topped the ranking of the most profitable banks in the first quarter of 2025 with a net profit of UAH 16.8 billion.

 

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PrivatBank financed purchase of cars worth UAH 2 bln

Since the beginning of 2025, the state-owned PrivatBank (Kyiv) has financed the purchase of new cars worth UAH 2 billion, and the bank’s share in the market for new car loans has reached 44%, according to a press release issued by the financial institution on Monday.

“Currently, every fifth car purchased in Ukraine is financed by a loan, and PrivatBank’s share in the new car loan market since the beginning of 2025 has reached 44%,” commented Dmytro Musienko, member of the bank’s board for retail market issues.

It is noted that most car loans at PrivatBank are taken out in Kyiv (45% of the total), followed by Dnipro (9%), Lviv (6%), and Odesa and Kharkiv (5% each).

According to the bank’s statistics, men are more likely to take out car loans, accounting for 58% of the car loan portfolio. The most active age group is Ukrainians aged 36–45, who account for 43% of customers. The share of customers aged 46 and older is 34%, and young people aged 21–35 account for 23%.

In most cases, car loans are issued for a term of 5 years, and this trend will continue in 2025.

“The trend in 2025 will continue to be an increase in demand for electric cars and hybrids, whose share of cars purchased on credit compared to 2024 will grow to 16% and 18%, respectively,” PrivatBank added.

It is noted that among the most popular brands in Ukraine, Toyota, Hyundai, Skoda, Peugeot, and Mazda cars are most often purchased on credit, as these models are subject to special financing terms.

In mid-December last year, PrivatBank reported that in 2024, it had issued more than 3,000 car loans to individuals for a total amount of over UAH 2.5 billion.

According to the National Bank of Ukraine, as of April 1, 2025, PrivatBank ranked first in terms of total assets with UAH 945.4 billion, or 25.2% among 61 banks.

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PrivatBank’s profit grew by 22% to UAH 16.9 bln in quarter

State-owned PrivatBank (Kyiv) received UAH 16.9 billion in net profit in January-March 2025, which is 21.9%, or UAH 3.0 billion, more than a year ago, when net profit amounted to UAH 13.9 billion.

The bank’s pre-tax profit amounted to UAH 22.3 billion, which is 19.1%, or UAH 3.5 billion, more than in the first quarter of 2024.

According to the report, PrivatBank’s net interest income increased by 16.4% compared to the first quarter of 2024, to UAH 18.49 billion, while net commission income increased by 4.9%, to UAH 6.64 billion.

Net income from foreign currency transactions for the reporting period increased by 11.8% to UAH 1.46 billion. In addition, the revaluation of foreign currency brought in another UAH 0.40 billion, while in the first quarter of 2024, the result was negative at UAH 0.90 billion.

At the same time, employee compensation expenses increased by 29.6% to UAH 3.64 billion, while other operating and administrative expenses increased by 11.1% to UAH 2.65 billion.

Funds in accounts of individuals in the first quarter of 2025 increased by 1.6%, or UAH 7.3 billion, to UAH 612.8 billion, while the number of individual customers decreased from 18.32 million to 18.2 million.

It is noted that PrivatBank’s net loan portfolio for January-March grew by UAH 5 billion to UAH 117.8 billion, and the number of the bank’s business clients increased from 910,000 to 918,000.

The bank reported that in the first quarter it carried out a large-scale upgrade of Privat24, including expanding accessibility for all categories of customers. As a result, the number of users grew from 13.76 million to 13.9 million.

At the same time, PrivatBank’s total assets for the first quarter of 2025 decreased by 1.1%, or UAH 8.6 billion, to UAH 752.8 billion compared to the previous quarter.

In addition, during the quarter, the number of PrivatBank branches decreased by three to 1,160, ATMs by 11 to 6,847, while terminals and POS terminals increased by 19 and more than 10 thousand to 10,439 thousand and 326.12 thousand, respectively.

According to the National Bank of Ukraine, PrivatBank ranked first in terms of total assets (UAH 947.13 billion, or 25.3%) among 61 banks at the beginning of this year.

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