State-owned PrivatBank (Kyiv) has introduced credit holidays for homeowner associations, the bank’s press service reported.
“To support homeowner associations and housing construction cooperatives under martial law, PrivatBank announced from March 1 to June 1, 2022 credit holidays under agreements according to which there was no delay or the delay period is no more than 90 days,” the press service said.
Under the terms of the loan holidays, for the loans for energy-efficient modernization and the Energodom product the mandatory payments (the principal and interest) are transferred to June 1, 2022, no delay is recorded.
State-owned PrivatBank topped the list of profit-making Ukrainian banks in 2021, declaring UAH 35.05 billion of net profit, while Pravex Bank recorded the largest loss last year – UAH 266.249 million.
According to the data of the National Bank of Ukraine (NBU), the second position in the list of profit-making banks was taken by Raiffeisen Bank Aval (UAH 4.858 billion), and the third by FUIB (UAH 4.188 billion). According to the results of 2021, the subsidiary of the Russian Sberbank IR Bank (UAH 3.897 billion) is in the fourth position, and Ukrgasbank is in the fifth position (UAH 3.82 billion).
According to the central bank, Unex Bank (UAH 50.355 million) ranked second among loss-making banks, BTA Bank (UAH 32.085 million) ranked third, Ukrainian Bank for Reconstruction and Development fourth (UAH 27.928 million) and Alpari Bank fifth (UAH 6.12 million).
During this period, 66 out of 71 banks operating in Ukraine saw profit.
According to the statistics of the National Bank, in terms of total assets, PrivatBank (UAH 582.851 billion) retained the first place in the ranking in 2021 (UAH 582.851 billion), Oschadbank (UAH 249.938 billion) was second, Ukreximbank was third (UAH 210.029 billion), and Ukrgasbank was fourth (UAH 130.817 billion) and Raiffeisen Bank Aval fifth (UAH 133.651 billion).
State PrivatBank (Kyiv) from December 24 began paying the next tranche in the amount of EUR9 million to victims of the Holocaust, in particular to former concentration camp prisoners and survivors of the German occupation, PrivatBank said on Tuesday.
According to the message, funds can be received in cash at any bank branch in cities and regions of Ukraine.
The press service recalled that PrivatBank has been making such payments since 2014 and is the only agent bank authorized by the government of the Federal Republic of Germany to pay compensation to victims of Nazism on the territory of Ukraine within the framework of the Claims Conference company.
On December 18, 2016, the government of Ukraine, referring to the proposal of the NBU and former shareholders of PrivatBank, the largest of which at that time were Ihor Kolomoisky and Hennadiy Boholiubov, decided to nationalize this largest financial institution on the Ukrainian market and injected over UAH 155 billion into its capital.
According to the statistics of the National Bank of Ukraine, as of October 1, 2021, in terms of total assets, PrivatBank was ranked 1st (UAH 550.328 billion) among 71 banks operating in the country.
If the government makes a final decision on privatization of PrivatBank, it can be sold in 2024 for a very large sum, the NV newspaper reports, citing Chairman of PrivatBank’s Board Gerhard Boesch.
“We plan to carry out privatization if the shareholder finally decides to do so in 2024. It is not far off. Time is running very fast. Regarding the price, I think it would be too early and unprofessional to give a public assessment right now,” Boesch said at the Ukraine and World 2022 gala event organized by the NV media holding on Thursday evening.
In his opinion, given the bank’s performance in recent years, as well as a plan for the next three years, “this is an asset that will have a very high selling price.”
The cost of a virtual monobank is more than $1 billion, bank’s co-founder Oleh Horokhvsky has said.
“Ukrainian monobank is already worth more than $1 billion dollars and is not for sale,” he said on his Telegram channel on Sunday.
According to him, with such an assessment, not a single Ukrainian bank can technically buy monobank.
“Only a consortium of foreign investment funds can handle this ‘candy,” Horokhvsky said.
Monobank was founded in January 2017 by former top managers of PrivatBank Horokhovsky, Dmytro Dubilet and Mykhailo Rohalsky. By October 2017, the bank issued the first thousand credit cards, in February 2018 it started to raise deposits in hryvnia.
The number of monobank clients in November 2020 increased to 3 million people.
State-controlled PrivatBank (Kyiv) paid 80%, or UAH 19.4 billion, of profits for 2020 to the state budget, the bank’s press service has said.
According to the report, over the past three years, PrivatBank has directed UAH 55.4 billion to the state budget.
As reported, on April 28, the Cabinet of Ministers approved the distribution of the bank’s profits for 2020. In particular, in addition to paying dividends, the government allocated UAH 3.645 billion (15%) to cover the accumulated losses of previous years, and UAH 1.215 billion (5%) to the reserve fund.
On December 18, 2016, the government of Ukraine, referring to the proposal of the National Bank and the 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 statistics from the National Bank of Ukraine, as of March 1, 2021, in terms of total assets (UAH 561.062 billion) PrivatBank ranked first among 73 banks operating in the country.
