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.
State-controlled bank PrivatBank in January-July 2020 continues to top the list of profitable Ukrainian banks with a financial result of UAH 16.2 billion, while the largest loss since April 2020 has been recorded by state-owned Ukreximbank (UAH 2.24 billion), according to data posted on the website of the National Bank of Ukraine (NBU).
According to the report, the second position in the list of the most profitable Ukrainian banks continued to be occupied by Oschadbank (UAH 4.32 billion), the third by Raiffeisen Bank Aval (UAH 2.46 billion). The fourth is still FUIB (UAH 1.5 billion), the fifth is OTP Bank (UAH 908.94 million), which climbed two steps, having received UAH 319.78 million of net profit in July.
In terms of losses in July, the list did not change: in the seven months of 2020, Prominvestbank ranked second (PIB, UAH 330.93 million), Credit Dnipro Bank ranked third (UAH 184.42 million), Pravex Bank ranked fourth (UAH 99.86 million), BTA Bank ranked fifth (UAH 67.17 million), according to the central bank’s statements.
In the seven months of 2020, solvent banks in Ukraine received UAH 28.39 billion of net profit, which is 23% less than in the same period of 2019 (UAH 36.73 billion).
During this period, 58 out of 75 banks operating in Ukraine were profitable, according to the NBU data.
According to the regulator’s statistics, in the seven months of 2020 in terms of total assets PrivatBank retained the first place in the rating (UAH 585.21 billion), Oschadbank ranked second (UAH 275.82 billion), Ukreximbank ranked third (UAH 239.05 billion), Ukrgasbank ranked fourth (UAH 163.13 billion), and Raiffeisen Bank Aval ranked fifth (UAH 104.17 billion).
State-controlled PrivatBank in January-May continued to top the list of the most profitable Ukrainian banks, declaring UAH 19.62 billion of net profit, while state-owned Ukreximbank recorded the largest loss, as a month earlier, of UAH 1.59 billion.According to the National Bank of Ukraine (NBU), Oschadbank (UAH 3.56 billion) ranked second in the list of the most profitable banks, Raiffeisen Bank Aval (UAH 1.7 billion) ranked third. FUIB is in the fourth position (UAH 1.13 billion), and Citibank (UAH 759.66 million) is fifth.
According to the central bank, in January-May 2020, Bank Credit Dnipro ranked second (UAH 245.89 million) in terms of losses, Prominvestbank (PIB, UAH 126 million) ranked third, Pravex-Bank (UAH 63.72 million) ranked fourth and BTA Bank (UAH 39.38 million) was fifth.
In general, in the five months of 2020, the net profit of banks increased by 23.6%, to UAH 28.96 billion from the corresponding figure a year earlier (UAH 23.43 billion).
Some 59 of 75 banks operating in Ukraine were profitable during this period, according to NBU data.
According to the statistics of the National Bank, in terms of total assets, PrivatBank (UAH 590.59 billion) ranked first for the indicated period, Oschadbank (UAH 310.78 billion) ranked second, Ukreximbank (UAH 220.71 billion) ranked third, Ukrgasbank (UAH 156.43 billion) ranked fourth, while Raiffeisen Bank Aval (UAH 100.9 billion) ranked fifth.
PrivatBank (Kyiv) has issued the first refinancing loan under the Affordable Loans 5-7-9% program at 0% per annum until the end of March 2021, the Ministry of Economic Development, Trade and Agriculture said on its website on Tuesday, June 9.
“Under the Affordable loans 5-7-9% updated program, state-owned PrivatBank refinanced a loan to an entrepreneur in the amount of UAH 1.1 million at 0% until the end of March 2021. Partner banks continue to accept applications for new program tools, which were introduced by the government during lockdown measures,” the ministry said in the press release.
However, the demand for loans under such conditions amounted to about UAH 390 million over a week, the Economy Ministry said.
Applications for participation in the program from Credit Agricole Bank and Agroprosperis Bank are being considered, the ministry said.
State-owned PrivatBank (Kyiv) plans to receive UAH 17.5 billion in net profit in 2020, which is 47.4% less than in 2019 (UAH 32.6 billion), the financial institution said in its annual statements on the website on Thursday, May 21.
“The management monitors the current situation with the spread of coronavirus [COVID-19] and lockdown and takes measures, if necessary, to minimize any negative consequences as far as possible. Further negative developments and macroeconomic conditions can affect the financial situation and performance of the bank in such a way, which cannot be determined yet,” the bank said in the document.
The bank said in the financial statements that the objectives of PrivatBank for 2021 are the following: to achieve profitability indicator in accordance with its business strategy and to maintain a leading position in the Ukrainian banking market.
However, the bank’s analysts expect that the spread of COVID-19 pandemic, which began in 2020, will lead to a recession in the global economy and a significant slowdown in economic activity in the country.
They believe that the introduction of lockdown restrictions by the government in March, combined with a significant reduction in global demand and an overestimation of the risks of developing countries by investors, may affect the performance of Ukraine’s economy and foreign trade, as well as complicate fundraising, affect the country’s banking system and lead to further devaluation of the national currency.
