Slobozhanshchyna Agro, a subsidiary of IMC, has raised UAH 100 million under the government’s soft loan program Affordable Loans 5-7-9% from PrivatBank (Kyiv).
“Since the beginning of the war, financing agricultural production has become a priority for us. The bank systematically supports and will continue to support Ukrainian agribusinesses operating in the frontline and de-occupied regions,” Yevhen Zaigraev, Board Member for Corporate Business and SMEs, said in a press release.
It is noted that the financing will allow Slobozhanshchyna Agro to maintain its business activities in the frontline region of the country for a year.
Zaigraiev added that the company continues to operate in the Sumy region, where there are still high military risks.
“Thanks to this, the company received a more favorable interest rate under the guarantees of the CMU (Cabinet of Ministers of Ukraine – IF-U),” the release said.
“MK is an integrated group of companies operating in Sumy, Poltava and Chernihiv regions (north and center of Ukraine) in the crop production, elevators and warehouses segments. The company’s land bank is about 120 thousand hectares in Poltava, Chernihiv and Sumy regions, with storage capacity of 554 thousand tons for the 2023 harvest of 1.002 million tons.
This year, the company purchased 140 Ukrainian-made railcars, and in early August, for the first time, it shipped its products to ports in its own grain cars. According to Privat, the company ships 60-70 thousand tons of grain to ports by rail every month.
In the first half of 2024, IMC Agro Holding increased its net profit by 2.4 times year-on-year to $21.52 million, while its revenue increased by 51% to $108.32 million, while the share of exports decreased slightly to 81.3% from 81.9% a year earlier.
According to the National Bank of Ukraine, as of August 1 this year, PrivatBank ranked first in terms of total assets (UAH 895.26 billion) among 62 banks operating in the country. The financial institution’s net profit last year amounted to UAH 37.76 billion.
In the first half of 2024, clients of PrivatBank (Kyiv) made payments using a bank card or its mobile application totaling UAH 451 billion, which is 27.3% more than in the first half of 2025.
According to the state bank’s statistics released on Thursday, the number of purchases during this time increased to 1.6 million from 1.3 million, thus the average cost of one purchase increased from UAH 269 to UAH 282, or 4.7%.
It is noted that the most popular item of expenditure during this time was the purchase of food: the share of payments in grocery stores and supermarkets in the total volume of non-cash payments was 44%, which is 1.5% percentage points less than in the first half of 2023.
The second place in terms of the share of card spending is occupied by the purchase of medicines and health products – 6.6%, and the third place is occupied by payments in public catering establishments – 6.4%.
The top five is rounded out by spending on clothing and footwear, as well as fuel – 4.5% and 4.2% of the volume of non-cash payments by Ukrainians, respectively.
In addition to the aforementioned goods, Ukrainians often paid for household goods (4%) and electronics and household appliances (3.8%). Expenditures on transportation and recreation amounted to 1.5% and 1.4%, respectively.
According to the National Bank of Ukraine (NBU), as of June 1, 2024, PrivatBank was the leader in total assets (UAH 872.40 billion) among 63 banks operating in Ukraine. Net profit for the previous year amounted to UAH 37.76 billion.
According to the NBU, as of June 1 this year, Privat had 28.5 million active cards, while the total number of cards in the market is about 53 million.
The amount of remuneration to members of the Supervisory Board and Management Board of state-owned PrivatBank (Kyiv) in January-June this year increased by 26.4%, or UAH 24 million, compared to the same period last year, to UAH 115 million, according to the bank’s quarterly report.
According to the report, remuneration to members of the supervisory board and management board of the financial institution included salaries, pension fund contributions, and other short-term payments.
As reported, three state-owned banks, which are among the top five in terms of assets in the country, significantly reduced remuneration for the performance of job functions to members of the supervisory board last year, in particular: PrivatBank – by 38.8%, Oschadbank – by 32%, and Ukreximbank – by 45.8%.
Last year, PrivatBank paid UAH 51.6 million to six independent members of the Supervisory Board and three state representatives, while in 2022 it paid UAH 84.3 million. As for the remuneration of board members, Privat increased it by 1.9% to UAH 78.9 million in 2023.
According to the National Bank of Ukraine (NBU), as of June 1, 2024, PrivatBank was the leader in total assets (UAH 872.40 billion) among 63 banks operating in Ukraine. Net profit for the previous year amounted to UAH 37.76 billion.
JSC CB PrivatBank has put up for sale through the OpenMarket electronic trading system (SE SETAM of the Ministry of Justice of Ukraine) the shopping center “Pryozernyi” in Dnipro. The sale of one of the largest and most attractive shopping centers for retail development in Dnipro is part of the bank’s program of selling non-operating real estate under a transparent and open bidding procedure.
Built in 2009, Priozernyi shopping center is the third largest shopping center in Dnipro (over 32 thousand square meters) and has six above-ground floors and an underground floor with a parking lot and a shelter for visitors during air raids.
“PrivatBank has successfully defended in court the ownership of the Priozerny shopping center, which was transferred to the bank’s balance sheet as collateral for loans before the bank’s nationalization,” says Olena Yevtushenko, Head of Real Estate Management at PrivatBank. – “Retail is not a banking business, so today we are offering a very interesting object at an open auction that can become one of the leaders in the market of retail and entertainment services.
“SETAM has successful experience in selling similar lots from the balance sheets of banks across Ukraine, including PrivatBank. For our part, we guarantee open access to all those wishing to participate (citizens and business representatives) in the auction and an open bidding process,” said Oleksandr Mamro, CEO of SETAM.
The unique advantages of Priozerny shopping center are its convenient location in the city center near the Central Market and railway stations. Also, Priozerny shopping center is currently the only shopping center in the city that has both retail space, office and warehouse space, as well as entertainment and sports areas with swimming pools and a SPA zone.
Depending on the format and size of the outlets, the shopping center can have up to 100 tenants. The shopping center has six elevators and four escalators, a central entrance equipped with a ramp, underground parking for 100 cars, as well as a ground parking lot with 40 parking spaces.
The starting price of the lot is UAH 430,060,700.00 including VAT. The date of the electronic auction is August 28, 2024 (lot No. 556963), the guarantee fee for participation: 5% of the initial sale price of the property (UAH 21,503,035), which will be credited to the sale price.
The lot consists of a shopping center with a total area of 32,408.7 sq.m. located at 1 Maidan Ozernyi (Bobrova) Str., Dnipro, and 12 land plots. In addition to the lot price, the successful bidder is obliged to purchase fixed assets worth UAH 2.2 million including VAT.
Detailed information and conditions of participation in the auction are available here.
In January-June 2024, state-owned PrivatBank (Kyiv) earned UAH 30.6 billion in net profit, up 2.7%, or UAH 0.8 billion, compared to the same period last year, the financial institution said on Wednesday.
“At the same time, the bank’s financial result before tax amounted to UAH 40.7 billion, which is 11% more than in the first half of 2023,” the state bank said.
According to data published on Privat’s website, income tax for the six months amounted to UAH 10.1 billion, compared to UAH 6.9 billion for the same period in 2023, when the rate was 18%, compared to 25% this year.
The bank’s total assets for the first half of the year increased by 1.5% to UAH 692.5 billion.
It is noted that the net loan portfolio of individuals and legal entities of the bank exceeded UAH 102.7 billion, which is 34%, or UAH 26.2 billion, more than last year and 11.6% more than at the beginning of the year.
“Since the beginning of the year, we have been actively lending not only to individuals and micro, small and medium-sized businesses, but also developing loan programs for corporate clients and large businesses in all regions of the country. We pay special attention to enterprises in the frontline regions, as well as to financing households and businesses under alternative energy generation programs,” Gerhard Bösch, Chairman of the Board of PrivatBank, said in a release.
According to the press service, deposits and balances on customer accounts amounted to UAH 681.1 billion, up from UAH 550 billion at the beginning of the year, with growth of UAH 30 billion, or 8%, in hryvnia accounts.
As of the end of the first half of 2024, PrivatBank’s active customer base amounted to 18.3 million individuals and 880 thousand legal entities, which is 50 thousand and 5 thousand less than at the beginning of the year, respectively. The number of Privat24 users reached 13.5 million.
Privat’s network includes 1184 branches (1199 at the beginning of the year), 6854 ATMs (6880), 10,419 thousand terminals (10,473 thousand) and more than 308.6 thousand POS terminals, according to the release.
As reported, at the end of June, it became known that Boesch was dismissed from the post of PrivatBank’s CEO after three years of work. The Supervisory Board of the financial institution has already started the selection process for the vacant position.
The European Bank for Reconstruction and Development (EBRD) plans to provide EUR140 million in guarantee financing to state-owned PrivatBank (Kyiv), which will cover up to 50% of the credit risk on new loans of EUR400 million in equivalent.
According to information on the bank’s website on Thursday, its board of directors intends to consider this project on July 24, 2024.
It is specified that the guarantee funding will be provided to PrivatBank in two equal tranches, each of which will provide partial coverage of risks under new loans worth EUR 200 million, while only one tranche has been agreed upon so far.
The project also provides for a sub-limit of up to EUR 60 million to finance long-term investments by micro, small and medium-sized enterprises (MSMEs) to modernize technologies and equipment in accordance with EU standards, including investments in sustainable and green technologies (70% of the sub-limit), thereby increasing the competitiveness of enterprises.
It is noted that eligible sub-borrowers will also receive EU-funded technical assistance and grant support in the form of investment incentives after the completion of investment projects.
According to the EBRD website, the financing is intended primarily to support Ukrainian companies in primary and secondary agriculture, as well as other critical sectors necessary to ensure the country’s energy security.
“At the same time, priority will be given to MSMEs and corporate borrowers investing in projects that increase energy security and efficiency in Ukraine,” the release says.
As reported, EBRD Vice President Matteo Patrone and PrivatBank CEO Gerhard Bösch signed a letter of intent to start working on a risk-sharing agreement during the Ukraine Recovery Conference in Berlin on June 11-12.
According to the National Bank of Ukraine, as of May 1, 2024, PrivatBank ranked 1st in terms of assets (UAH 857.00 billion) among 63 banks operating in the country. The financial institution’s net profit last year amounted to UAH 37.8 billion. The EBRD notes that the state-owned bank’s network currently includes 1,200 branches across the country, 6,800 ATMs and 1,040 terminals.
