The net profit of state-owned PrivatBank (Kiev) in 2022 was 30.25 billion UAH, down 13.7% from 2021 (35.05 billion UAH), the bank’s press service said Thursday.
“PrivatBank ended 2022 with a net profit of 30.25 billion UAH amid martial law in Ukraine, prolonged uncertainty and the need to support its own employees customers and small and medium businesses. This is preliminary data on the confirmation of the bank’s annual and financial statements by an external auditor”, – reads the statement.
According to the press-service, since the beginning of the year PrivatBank increased the number of active clients by 150 thousand – up to 19,1 million individuals and legal entities, and the number of active Privat24 clients – by 1,3 million, up to 13,1 million clients.
In addition the volume of payments by cards in POS-terminals of the bank increased by 551 billion UAH or 17%, deposits and funds of population increased by 107.7 billion UAH (or 48%).
Business funds for the year increased by 35.6 billion UAH or 37%, loan portfolio of legal entities (net) – by 58%.
For the year there were given 23,8 billion UAH of loans to small and medium businesses.
Every day 1 thousand branches, 5 thousand ATMs, 10 thousand terminals and 180 thousand commercial terminals work in PrivatBank network.
Oschadbank’s net profit at the end of 2022 is 690 million UAH compared with 1,054 million UAH in 2021, such preliminary data, which can be clarified by the results of annual adjustments and external audit, said the head of the bank’s management board Sergei Naumov.
“In the super-heavy conditions of martial law Oschadbank was able to maintain profitability. This allows us to keep capital at a sufficient level and gives prospects for the payment of dividends to the state,” he wrote in Telegram on Monday.
Naumov specified that compared to 2021, operating income for 2022 increased by 1.6 billion UAH – to 21.7 billion UAH, interest income increased by 1.1 billion UAH – to 22.4 billion UAH, while interest expenses decreased by 0.4 billion UAH – to 7.5 billion UAH.
He added that there was also an increase in net non-interest income – by UAH 0.8 billion to UAH 7.6 billion.
According to the head of the board, the results of Oschadbank had a positive impact on the revaluation of financial instruments in the amount of UAH 4.8 billion because of the presence of securities in his portfolio with indexed value.
Naumov noted that in assessing the risks the bank always adheres to a conservative position, so the bank formed additional reserves of 12.1 billion UAH, which is 4.3 times more than in 2021, because there were weighted possible losses in the reporting year due to the deterioration of the loan portfolio quality, caused by an active war.
Head of the Board also recalled that in 2022 Oschadbank became a member of the Deposit Guarantee Fund, paying 777 million UAH contributions, which also respectively decreased the annual profit compared with the previous year.
Oschadbank was founded in 1991. Its sole owner is the state. According to statistics from the National Bank of Ukraine (NBU), on December 1, 2022, Oschadbank was in second place (282.828 billion UAH) among the 67 operating banks in the country by total assets.
PJSC “Indar” (Kiev), producer of insulin by the end of 2021, has increased its net profit by 6.4 times from 117 thousand UAH in 2020 to 744 thousand UAH.
According to the system of information disclosure of the National Commission on Securities and Stock Market (NKTSBFR), the company’s net profit in 2021 increased almost 1.3 times compared to 2020 – up to 753.184 million UAH.
As reported, “Indar” (Kiev) in 2020 reduced net profit by more than 370 times from 43.017 million UAH in 2019 to 117 thousand UAH. Net income from sales of the company in 2020 decreased 1.6 times compared to 2019 – to 591.543 million UAH.
PJSC “Indar”, created by the decision of the Cabinet of Ministers of Ukraine in 1997 on the basis of Kiev meat processing plant, is a subsidiary of the state company PJSC “Ukrmedprom”, which owns 70.7% of the total number of shares. Another 29.3% of the company belongs to Luraq investments limited (Cyprus).
The manufacturer is included in the list of state-owned objects of strategic importance to the economy and security of the state and is a member of the association “Drug Manufacturers of Ukraine”.
Slavianske Wallpapers-KFTB PJSC (formerly Koryukiv Technical Paper Factory, Chernihiv Region), Ukraine’s leading manufacturer of wallpapers, cut its net profit 5.5 times in January-September compared to the same period in 2021 – down to UAH 8.47 million.
According to the disclosure system of the National Commission for Securities and Stock Market, announced on Friday, the company’s net profit nearly halved to UAH 653.19 million.
In the first nine months of the current year the company received UAH 12.42 mln of profit from operating activities (4.7 times less), and gross profit decreased by 47.4% – to UAH 124.88 mln.
The document notes that in conditions of war and existing risks it is impossible to predict the further impact of negative factors on the economic activities of PJSC, but the strategic objectives remain unchanged: to preserve the existing opportunities and the reputation of a reliable supplier, to improve product quality, to retain the team.
“In addition, the company plans to continue modernization of production, development of dealer network, entering new markets and strengthening of discipline at production”, – is said in the report.
This points to high financial independence of the company from external borrowing and stable financial situation.
According to the association UkrPapir, in January-September, KFTB produced 10.07 million pieces of wallpaper – 2.5 times less than a year earlier.
On Friday, KFTB also released its financial statement for the first half of this year, according to which it received a net loss of UAH 3.6 million against a net profit of UAH 30.22 million a year earlier, while net income fell by more than half to UAH 363.89 million.
Thus, in the third quarter-2022 the factory received more than UAH 12 million of net profit, which is 26.2% less than in the same period of 2021, and net income decreased by 44.5% to UAH 289.3 million.
At that, the factory finished the first quarter of this year with a loss of UAH 9.16 million against net profit of UAH 14.94 million in January-March 2021, while net profit decreased 2.1 times to UAH 170.41 million.
JSC “Slavian wallpapers-KFTB” – one of the largest European wallpaper factories, manufactures products under the TM “Slavian wallpapers”. Is present in the market of Ukraine, Asia, CIS countries, Eastern Europe and the United States.
The company produces more than 10 types of wallpaper ranging from economy-segment (paper, duplex, acrylic) to premium-class wallpaper (vinyl, fleece, hot stamping wallpaper).
According to the company’s information, as of October 1, the average number of its employees was 468 (a decrease of 12 people).
In 2021, it reduced its net profit by 6.2 times to UAH 43.9 mln, while maintaining the net profit at the level of the previous year – UAH 1.65 bln.
The profit of Ukrainian banks in January-November 2022 amounted to UAH 19.429 billion, which is 3.4 times less than in the same period of 2021 (UAH 65.728 billion), the press service of the National Bank of Ukraine (NBU) said.
According to the report, the profit of Ukrainian banks in November amounted to UAH 8.451 billion, which is 2.3 times more than a month earlier (UAH 3.6 billion).
The regulator noted that the income of banks in November increased by 12.2%, while expenses increased by 9.7%.
According to the regulator, the income of banks in January-November increased by 32% against the same period last year – up to 322 billion UAH.
At the same time fee and commission income for 11 months decreased by 8.4% – to UAH 76.46 billion (while during the same period last year it increased by 32.6%).
At that the result from revaluation and from sale-purchase operations was positive and made UAH 42.3 billion, while it was negative and amounted to UAH 2.7 billion for the same period last year.
At the same time expenses of banking system for January-November 2022 increased by 1.7 times compared with this index in 2021 – up to UAH 302.6 billion, including deductions to reserves – 13.6 times, up to UAH 113 billion. At the same time, the commission expenses increased by 1.6% up to UAH 31.99 billion,
As reported, the Ukrainian banks in 2021 doubled the net profit – up to 77.5 billion UAH, compared with 41.3 billion UAH in 2020.
Italy plans to introduce 26% tax on profit from cryptocurrencies. The government will charge tax if the profit exceeds 2 thousand euros.
Taxpayers have already received letters demanding to indicate the value of their crypto-assets as of January 1, 2023 in the declaration and pay a tax of 14%.
