The Cabinet of Ministers has approved the distribution of UAH 24.3 billion of net profit of the state PrivatBank (Kyiv) for 2020, in particular, UAH 19.4 billion (80%) will be allocated to pay dividends to the state budget, and UAH 3.645 billion to cover the accumulated losses of previous years (15%), and to the reserve fund – UAH 1.215 billion (5%).
The corresponding order was approved by the government on April 28.
As reported, at the end of April 2020, the Cabinet of Ministers approved the standard for the deduction of part of the profit to the state budget for state-owned companies at the level of 50%, with the clarification that it can also be set individually.
State-run PrivatBank topped the rating of the most profit-making Ukrainian banks in January-February 2021, having declared UAH 1.31 billion of net profit, while the largest loss was recorded by Pravex Bank – UAH 34.4 million.
According to the National Bank of Ukraine (NBU), the second position in the list of the most profitable banks was taken by Raiffeisen Bank Aval (UAH 758.705 million), the third by FUIB (UAH 676.133 million). Universal Bank with UAH 472.044 million) was fourth, and Alfa Bank with UAH 426.941 million was fifth.
According to the central bank, BTA Bank was second in terms of loss (UAH 7.68 million), the Ukrainian Bank for Reconstruction and Development (UBRD, UAH 6.671 million) third, AP Bank (UAH 6.389 million) fourth, and Unex Bank (UAH 4.682 million) fifth.
During this period 63 out of 73 banks operating in Ukraine saw profit.
According to the statistics of the National Bank, in terms of total assets, PrivatBank (UAH 561.062 billion) retained the first place in the rating in terms of total assets (UAH 561.062 billion), Oschadbank was second (UAH 279.702 billion), Ukreximbank (UAH 237.061 billion) was third, Ukrgasbank (UAH 149.524 billion) was fourth and Raiffeisen Bank Aval (UAH 118.33 billion) was fifth.
NATIONAL BANK OF UKRAINE, PRIVATBANK, RAIFFEISEN BANK AVAL, UKRAINIAN BANKS
The single counterparty exposure limit (H7, should be no more than 25%) as of March 1, was violated by Prominvestbank (82.02%), Sberbank (50.23%) and Industrialbank (49.51%), according to the website of the National Bank of Ukraine (NBU).
According to the regulator, the related party transactions exposure limit (H9, should not exceed 25%) was violated by First Investment Bank (52.02%), Unex Bank (28.17%), Megabank (27.56%) and Land Capital Bank (26.75%).
The limit on bank total long open FX position (L13-1, should be no more than 10%) was violated by Oschadbank (129.99%), Prominvestbank (114.57%), PrivatBank (95.74%) and Industrialbank (12.35%).
The limit on bank total short open FX position (L13-2, should be no more than 10%) was violated by Prominvestbank (110.36%).
FIRST INVESTMENT BANK, INDUSTRIALBANK, LAND CAPITAL BANK, MEGABANK, NBU, OSCHADBANK, PRIVATBANK, PROMINVESTBANK, REQUIREMENTS, SBERBANK, UNEX BANK, VIOLATE
State-owned PrivatBank (Kyiv) has put the Pryozerny shopping center in Dnipro up for auction in the EP Liquid trading system, the mall has an area of 32,400 square meters and adjacent 12 land plots with a total area of 3,640 square meters, the press service of the bank said on Monday.
According to the report, it will be an English auction (the price should increase continuously) scheduled for January 15. The initial price of lot No. EPCU012021 is UAH 518 million. The money deposit is 5%.
EP Liquid is an electronic trading system (ETS) from a London-based firm of Exito Partners. In particular, the company specializes in advising financial institutions and corporates in disposal of non-core/distressed portfolios of loans & assets; large single name distressed loans & assets restructuring; equity & debt raising.
Through EP Liquid, investors can browse and bid on a variety of assets brought to market by Exito Partners.
On December 18, 2016, the government of Ukraine, referring to the proposal of the National Bank and former shareholders of PrivatBank, decided to nationalize this largest financial institution on the Ukrainian market and injected over UAH 155 billion into its capital.
According to the National Bank of Ukraine, PrivatBank as of October 1, 2020, ranked first in terms of total assets (UAH 600.15 billion) among 74 banks operating in the country.
Bus operator FlixBus has started selling tickets via the state-owned PrivatBank (Kyiv), the press service of PrivatBank said on Tuesday.
According to the press release, tickets, in particular, can be bought using the Privat24 mobile app and the Privat24 web interface, as well as at the bank’s cash desks and via self-service terminals. At the same time, using the bank’s ticket services, you can book any FlixBus ticket to 34 European countries, as well as Turkey and the United States.
After payment, the customer will receive an online ticket to the passenger’s email, which will also be available in the Privat24 app, as indicated in the message.
The bank said that the PrivatBank bus ticket sales service was launched in 2010, currently tickets can be bought via 13,000 terminals or at one of the bank’s 2,500 offices throughout Ukraine.
According to PrivatBank, more than 460,000 people have already used the service since April 2017.
FlixBus, that offers bus transportation in Europe and the U.S., was founded in 2013. It works on a partnership model with regional bus carriers who provide their buses and route documents, while FlixBus deals with sales, marketing and schedule management.
State-controlled PrivatBank in January-August 2020 continues to top the list of profitable Ukrainian banks with a financial result of UAH 18.39 billion, while the largest loss since April 2020 has been recorded by state-owned Ukreximbank (UAH 1.88 billion), according to the data on the website of the National Bank of Ukraine (NBU).
According to the report, Oschadbank ranked second among the most profitable banks in Ukraine as earlier (UAH 4.44 billion), Raiffeisen Bank Aval ranked third (UAH 2.7 billion), as before, FUIB ranked fourth (UAH 1.85 billion), and OTP Bank ranked fifth (UAH 1.31 billion).
The second position in the list of the most unprofitable banks in January-August continues is occupied by Prominvestbank (PIB, UAH 726.4 million), and Bank Arcada moved to the third position (UAH 444.63 million), which from August 25 was declared insolvent and from September 24 is under liquidated.
Bank Credit Dnipro (UAH 177.19 million) moved from the third to fourth position in the list of the most unprofitable banks, and Pravex Bank (UAH 116.03 million) moved from fourth to fifth, according to the National Bank’s statements.
In the eight months of 2020, solvent banks in Ukraine received UAH 32.64 billion of net profit, which is 26.3% less than in the same period of 2019 (UAH 44.29 billion), in particular state banks declared UAH 21.63 billion (66.3% of profit), banks with foreign capital UAH 7.6 billion (23.3%) and with private capital some UAH 3.41 billion (10.4%).
During this period, 61 out of 75 banks operating in Ukraine were profitable, according to the NBU data.
