In 2023, Ukrtransleasing PJSC received UAH 32.9 million in profit against UAH 59.79 million in losses a year earlier.
After the revocation of its license to conduct business activities in the provision of financial services, Ukrtransleasing focused on the development of freight forwarding services with railway rolling stock in 2023, the company’s press service said on Friday.
According to a press release, last year the volume of transportation in gondola cars carried out by the company increased by 38% compared to 2022. The company transported 3.05 million tons of cargo in gondola cars, including 2.38 million tons of coal (78%), 542.1 thousand tons of building materials (18%), and 74.4 thousand tons of iron and manganese ore (2%).
Grain car transportation increased by 46%. Grain carriers transported 370.2 thousand tons of grain, including 259.6 thousand tons of corn (70%), 38.6 thousand tons of wheat (10%), 43.5 thousand tons of soybeans (12%), and 20.7 thousand tons of rapeseed (6%).
“After the full-scale invasion of the Russian Federation, Ukrtransleasing’s operations are carried out in force majeure circumstances. The company is constantly in active search of relevant logistics solutions, while a significant part of the rolling stock is blocked due to active hostilities in the east of the country,” the statement said.
The company estimates the amount of losses incurred from the full-scale invasion at more than UAH 200 million.
It is noted that Ukrtransleasing remains a responsible taxpayer. During the two years of Russian military aggression, the company paid UAH 105.7 million in taxes to the budget. In addition, the company transferred UAH 20 million to a special account of the National Bank of Ukraine (NBU) to support the Armed Forces of Ukraine.
As reported, on September 1, 2023, the NBU revoked all existing licenses of Ukrtransleasing PrJSC (Kyiv) based on the company’s application. After that, the company was excluded from the Register of entities that are not financial institutions but have the right to provide certain financial services,
Ukrtransleasing was established in 1998 on the initiative of the Ministry of Transport and the Ministry of Industrial Policy of Ukraine. The company’s main activities are to provide leasing services to interested organizations of air and rail transport in the country. The main activities of the company are leasing (financial and operational) of air transport, railway rolling stock (wagons, locomotives) and provision of services for the transportation of goods in gondola cars and grain carriers. The company’s shareholders are Ukrzaliznytsia JSC (47.67%) and Lemtrans LLC (49.95%).
According to preliminary data, Dnipro Arrow Plant JSC (DnSZ, Dnipro) ended 2023 with a net profit of UAH 510.86 million, up 52% year-on-year in 2022.
According to the information published in the NSSMC’s information disclosure system on the agenda of the general meeting of shareholders of DnSZ on March 25, retained earnings at the beginning of this year amounted to UAH 1 billion 682 million, compared to UAH 1 billion 810 million a year earlier. Net income per ordinary share (par value UAH 10.5) amounted to UAH 2 (UAH 1.32 a year earlier).
The agenda of the meeting includes the issue of distribution of the net profit: according to the draft decision, UAH 112.006 million (or about 22% of the profit) is to be allocated to the dividend fund at the rate of UAH 440 per share, while the remaining profit of UAH 398.08 million is to be left undistributed.
As reported, based on the results of its activities in 2022, SESP allocated UAH 140.008 million, or 42% of the net profit at the rate of UAH 550 per share, leaving UAH 195.78 million undistributed.
At the same time, the planned shareholders’ meeting on March 25 intends to amend the distribution of profits for 2022, stipulating that UAH 101.82 million of retained earnings (UAH 195.78 million) will be allocated to the dividend fund to pay UAH 400 per share, and UAH 93.96 million will be left undistributed.
According to the publication, the shareholders at the meeting, in particular, intend to rename the company into Dnipro Switch Plant JSC (instead of Dnipropetrovs’k) and amend its internal regulations.
According to DnSZ, in 2023, its current liabilities increased by 89% to UAH 344.79 million, while its long-term liabilities increased by 73.8% to UAH 170.05 million.
Total accounts receivable for the year increased by 92% to UAH 427.96 million, inventories by 24% to UAH 484.65 million, and total assets by 27% to UAH 2 billion 656 million. DnSZ produces various types of turnouts for mainline and industrial transport and subways.
According to the NSSMC, as of the third quarter of 2023, 20.154% of DnSZ shares are owned by Johnen Capital Limited (Cyprus), 5% are owned by Dnipro City Council member Zahid Krasnov, his sons Ruslan and Artem own 10% and 11.228% of shares, respectively, and another 18.2959% are owned by Israeli citizen Victoria Korban (sister of businessman Gennadiy Korban – IF).
Among the shareholders who own more than 5% of the shares of DnSZ JSC are also the chairman of the board Sergiy Taranenko (almost 10%), Iryna Taranenko (8.658%), and CFO Valeriy Kryachko (7.3%).
As reported, in 2022, the plant slightly reduced its net profit by 2021 to UAH 335.8 million, while net income fell by a third to UAH 1 billion.
In the first half of 2023, the plant reduced its net profit by 13.7% compared to the same period in 2022 to UAH 72.48 million, while net income increased by 47.6% to UAH 564.6 million.
Slavgorod Reinforcement Plant (SARP, Dnipro region) ended 2023 with a net profit of UAH 18.93 million, up more than four times year-on-year in 2022.
According to the announcement of the general meeting of shareholders of SAZ to be held on March 22, the issue of profit distribution is on the agenda.
The draft resolution of the meeting on this issue provides for the profit to be left at the disposal of the company “to be used for statutory purposes”. There are no plans to accrue or pay dividends.
According to the information prior to the announcement, as of the beginning of 2024, the company’s retained earnings amounted to UAH 20.35 million (UAH 1.42 million a year earlier).
During the year, SAS managed to reduce its current liabilities by 2.1 times to UAH 25.89 million, and no long-term liabilities appeared. The value of the company’s assets decreased by 16.8% to UAH 46.83 million, in particular due to a 46% decrease in total receivables to UAH 7.1 million.
The agenda of the meeting also includes the report of the supervisory board, approval of the results of financial and economic activities, approval of the report of the audit company AF Financier, and amendments to the charter.
According to the NSSMC, as of the third quarter of 2023, Promarmatura PrJSC (Dnipro) owns 53.5661% of SAZ PrJSC, and Interbranch Assembly Base Generalmashkontrakt PrJSC owns 22.0307%.
Promarmatura JSC, which specializes in the production of hydraulic and pneumatic equipment, is owned by its director and chairman of the supervisory board of SAZ, Ihor Mezhebovsky, and Oleksandr Chelyadin (50% each). In 2022, the company generated UAH 155 million in net income.
The authorized capital of SAZ PJSC is UAH 0.045 million, the nominal value of a share is UAH 0.25.
According to the website, at the meeting on December 15, 2023, the shareholders decided to increase the authorized capital of SAZ JSC by UAH 1.375 million through the placement of additional shares (without a public offer).
Slavgorod Valve Plant was founded in 1926 as a cast-iron valve manufacturing company. Today, it specializes in manufacturing steel pipeline equipment (shut-off, control, and condensate traps) and completing it with flanges. It also produces fixtures for securing mine workings in coal mines, forging and stamping for parts of automotive and agricultural machinery.
According to the company’s 2022 financial statements, its net profit amounted to UAH 4.59 million, compared to a loss of UAH 0.58 million a year earlier, with net income growing by 15% to UAH 35.13 million.
In 2023, Credit Agricole Bank increased its net profit to UAH 2.8 billion from UAH 0.3 billion in 2022, the press service of the financial institution reported on Friday.
“This result is largely due to high liquidity in the market and a wide spread between interest rates, which is more likely to be temporary. In 2024, there will be a gradual transition to a more normal functioning of the banking market, although military risks remain relevant,” the NBU said in a statement.
It is noted that Credit Agricole’s net banking income last year amounted to UAH 8.8 billion, which is 37% higher than the result of 2022 (UAH 6.4 billion). According to the press service of the financial institution, this figure was achieved due to high net interest income generated by a strong liquidity position, while operating expenses of the bank increased by 21% from UAH 1.9 billion to UAH 2.4 billion.
In particular, personnel costs increased by 20% by 2022, while other expenses increased by 25% due to investments in IT infrastructure to ensure uninterrupted operation within the Power Banking project, development of mobile applications for individuals and IT Professionals clients, as well as improvement of the Internet banking solution for legal entities (CORPEX).
It is indicated that the bank’s deposit portfolio exceeded UAH 90 billion, having increased by 41%, or UAH 26 billion, which, according to the bank, is a manifestation of customer confidence.
According to the information, in 2023, the bank added about UAH 1 billion in reserves (in 2022 – UAH 6.3 billion) and maintained its loan coverage ratio at 25.8%.
“Asset quality is stabilizing, and the NPL ratio has been consistently declining for six months in a row, reaching 12.9% as of December 2023,” the bank said.
It is noted that Credit Agricole has strong liquidity positions in both hryvnia and foreign currency: LCR at 277% and NSFR at 345%. Meanwhile, the regulatory capital adequacy ratio (N2) was 28.3% in December 2023.
In 2023, Credit Agricole will pay UAH 3.3 billion in taxes and contributions, the press service informed.
According to the National Bank of Ukraine, as of December 1, 2023, Credit Agricole Bank ranked 11th in terms of total assets (UAH 103.07 billion) among 63 operating banks in the country, with 141 branches. The bank is fully owned by French Credit Agricole SA.
State-owned Oschadbank ended 2023 with UAH 4.75 billion in net profit, 7.4 times higher than the financial result of 2022 (UAH 0.638 billion), the financial institution said in a press release on Monday.
“The final amount of net profit in 2023 was significantly affected by an increase in the corporate income tax rate for banking institutions (from 18% to 50%) (…), as well as a negative revaluation of derivatives – government bonds with an indexed value in the capital of Oschadbank in the amount of UAH 2.9 billion,” the financial institution explained.
Regarding the bonds, Oschadbank emphasized that their fair value is influenced by external factors beyond the bank’s control, such as exchange rates and interest rates.
It is indicated that the pre-tax profit of the state-owned bank amounted to UAH 9.5 billion, which is a historical maximum.
“Compared to last year’s figures, Oschadbank’s net interest income increased by 26% to almost UAH 19 billion, while net commission income increased by 14% to UAH 7 billion,” the release says.
According to the release, in the face of the national currency devaluation, the bank managed to keep its operating expenses at the same level as last year due to effective management of operating expenses.
At the same time, Oschad’s operating profit, before provisions for credit risks, revaluation of derivatives and taxation, amounted to UAH 12 billion, which is 52% higher than in 2022.
As for the volume of customer accounts, in 2023 it increased by 28% to UAH 300 billion. The bank specifies that the growth of stable term customer accounts was 26%, and their volume reached UAH 100 billion.
Over the four quarters of 2023, Oschad managed to increase its loan and investment portfolio by 16% to UAH 263 billion. In particular, retail loans increased by 30% to UAH 15 billion.
It is noted that at the same time, the state-owned bank maintained a consistently high level of liquidity to ensure the smooth implementation of all client payments.
“A balanced credit policy taking into account the risks of wartime and the gradual liberation of our land from the occupiers contributed to the improvement of the quality of the Oschadbank loan portfolio and the dissolution of UAH 1.4 billion of provisions for expected credit risks on interest-bearing assets,” the financial institution said in a release.
The press service of Oschadbank informed that the bank has sufficient liquidity and capital reserves. According to the data provided, the regulatory capital adequacy ratio of the state-owned bank as of January 1, 2024 is 16.57%, while the NBU standard is 10%.
State-owned PrivatBank ended 2023 with UAH 37.77 billion in net profit, which is UAH 7.57 billion, or 25%, higher than the financial result of 2022, the financial institution said in a press release on Wednesday.
Pre-tax profit increased 2.1 times, or by UAH 38.09 billion, to UAH 72.77 billion.
According to the release, PrivatBank’s assets last year, after growing by 34.9% in 2022, increased by another 26.6% to UAH 685.1 billion, ensuring its leadership in this indicator in the market.
In 2023, the bank’s net interest income increased by UAH 19.7 billion, or 49.4%, to UAH 59.6 billion, of which UAH 3 billion was due to the favorable interest rate policy of the National Bank of Ukraine (NBU) in 2023,
At the same time, net fee and commission income increased by 20% to UAH 24.4 billion.
“In the context of business growth, operating expenses grew by only 8%, remaining under close management control,” the release said.
According to the state-owned bank, the net portfolio of loans to households in 2023 increased by 39% to more than UAH 60 billion, while the volume of loans to businesses increased by 23% to more than UAH 30 billion.
PrivatBank notes a gradual improvement in the quality of the loan portfolio, which leads to significant savings in provisioning costs. In particular, according to the bank, expenses under this item in 2023 decreased by UAH 11.8 billion compared to 2022.
There has also been an increase in deposits in the state bank of both individuals and enterprises – the volume of deposits increased by 18%, or UAH 85 billion, compared to the level of 2022. According to the state-owned bank, deposits and balances on correspondent accounts of clients reached UAH 550 billion in 2023. According to the submitted materials, Privat has 18.35 million active individual clients and 875 thousand business clients.
It is noted that Privat paid UAH 26.8 billion in income tax to the state budget (including UAH 8.2 billion in prepayments in 2021-2022, together with dividends), while in 2021-2022 the financial institution paid UAH 8.5 billion.
“The majority of the bank’s net profit will be used to pay dividends, i.e. also to the state budget, according to the decision of the shareholder represented by the Ministry of Finance,” the statement emphasizes.
