The net profit of state-owned Oschadbank (Kyiv) in January-September 2019 totaled UAH 189.017 million, which is a 2.6-fold rise from a year ago (UAH 72.938 million), according to quarterly financial statements of the bank.
According to the statements posted on the bank’s website, net profit in Q3 2019 amounted to UAH 64.106 million, which is 52.9% more than in Q3 2018.
Net interest income for in January-September 2019 increased 1.2% compared with the corresponding period of 2018, to UAH 4.185 billion.
In January-September 2019, the bank’s assets decreased 4.4%, to UAH 208.109 billion, including a decline of 3.5% in loans issued to customers, to UAH 65.146 billion.
Assets for this period increased 0.4%, to UAH 18.619 billion.
The charter capital for the period remained at the level of UAH 49.725 billion.
Oschadbank was founded in 1991. Its sole owner is the state.
According to the National Bank of Ukraine, as of July 1, 2019, Oschadbank ranked second (UAH 288.339 billion) among 76 banks operating in the country in terms of total assets.
National Nuclear Generating Company Energoatom in January-September 2019 doubled net profit year-over-year, to UAH 4.251 billion.
According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market, its net revenue grew by 10.4%, to UAH 34.774 billion, and gross profit – by 10.8%, to UAH 8.082 billion.
As reported, in January-September 2019, Energoatom reduced electricity production by 0.5% (323.1 million kWh) compared to the same period in 2018, to 60.729 billion kWh. Power plants of Energoatom during this period released 57.02 billion kWh to the market compared with 57.376 billion kWh a year earlier.
In 2018, Energoatom increased its net profit by 21.2% compared to 2017, to UAH 4.632 billion, net income by 14.5%, to UAH 44.055 billion.
Energoatom is the operator of all four operating nuclear power plants in Ukraine. It operates 15 power units equipped with water-cooled power reactors with a total installed electric capacity of 13.835 GW.
PJSC ArcelorMittal Kryvyi Rih (Dnipropetrovsk region) whose major shareholder is the largest steel producer, ArcelorMittal, will channel UAH 10.845 billion into payment of dividends, which will be UAH 2.81 per ordinary registered share.
This decision was taken by shareholders of PJSC ArcelorMittal Kryvyi Rih at an extraordinary general meeting on October 10, the company’s press service said.
The procedure and timing for the payment of the dividends will later be determined by the enterprise’s supervisory board. After that, the funds will be transferred to shareholders. At the same time, it is specified that, according to the Law on Joint-Stock Companies, dividends must be paid within six months from the date of the decision by a meeting of shareholders.
The press service recalls that the last time dividends were paid for 2007, before the 2008-2009 crisis. After that, ArcelorMittal use funds to modernize production and carry out large-scale investment projects. The current dividend payment will not affect the implementation of the investment program. In the next five years, $1.8 billion will be invested in the development of production. Of the amount, about $300-350 million is to be invested in the construction of a pelletizing factory. It will produce pellets that will partially replace sinter as raw materials for blast furnaces. Therefore, the enterprise will be able to close two worn sinter plants and thereby reduce emissions by 50–55%, according to the press service.
ArcelorMittal Kryvyi Rih is the largest producer of rolled steel in Ukraine. Its staples are long products, in particular, reinforcing bars and wire rods.
ArcelorMittal owns the largest mining and metallurgical plant ArcelorMittal Kryvyi Rih in Ukraine and a number of small companies, in particular PJSC ArcelorMittal Beryslav.
Nationalized PrivatBank (Kyiv) in January-September 2019 saw net profit rise to UAH 27.4 billion from UAH 5.093 billion for the same period in 2018, which became a new absolute figure for the bank and the entire banking system of Ukraine, according to a press release from the bank.
According to the bank, its net commission income for the nine months amounted to UAH 13.3 billion, net interest income some UAH 14.7 billion.
As reported, the net profit of PrivatBank (Kyiv) in January-June 2019 amounted to UAH 18.3 billion, which is 2.7 times more compared to the corresponding period of 2018 (UAH 6.9 billion).
Net interest income for the six months amounted to UAH 9.8 billion, net commission income some UAH 8.5 billion.
The government of Ukraine on December 18, 2016, referring to the proposal of the NBU and the former shareholders of PrivatBank, the largest of whom at that time were Ihor Kolomoisky and Hennadiy Boholiubov, decided to nationalize this largest financial institution in the Ukrainian market and invested over UAH 155 billion in its capital.
PrivatBank ranked first among 76 banks operating in the country as of July 1, 2019 in terms of total assets (UAH 522.422 billion), according to the National Bank of Ukraine.
Arricano Real Estate Plc (Cyprus), the managing company and developer of a number of shopping and entertainment centers in Ukraine, received $8.56 million in net profit in the first half of 2019, which is 38% less than in the first half of 2018.
According to the company’s report, posted on the London Stock Exchange’s website, its revenue for January-June increased by 17%, to $17.3 million, while total profit decreased by 19.8%, to $17.74 million.
The fair value of the company’s portfolio increased by 9%, to $281.3 million.
According to Arricano, the growth of this indicator is associated with an increase in the value of the operating real estate portfolio by $15.6 million, as well as projects under development by $7.2 million.
Arricano’s net asset value in the first half of the year, according to its report, increased from $94 million to $111.8 million.
In addition, the developer notes an increase in the occupancy of its shopping centers from 99.7% to 99.9% and 82 new leasing contracts compared to 68 in the first half of 2018.
As reported, Arricano in 2018 received $38.1 million in net profit, which is 47.6% more than in 2017. Its revenue increased by 14.4% and amounted to $31.52 million.
Solvent Ukrainian banks in January-August 2019 received UAH 44.29 billion in net profit, which is 3.2 times more than in the same period in 2018, the National Bank of Ukraine (NBU) has said. “More than half (58.3%) of this result was provided by the activities of state-owned PrivatBank,” the central bank said on its website.
According to the report, the banks’ income for the reporting period increased by 28.5%, to UAH 164.99 billion, expenses by 5.2%, to UAH 120.7 billion.
Based on the previously released data, in August the net profit of Ukrainian banks grew by 1.9 times, to UAH 7.57 billion: income rose by 20.8%, to UAH 23.59 billion, while expenses by 2.5%, to UAH 16.02 billion.
The National Bank explains the growth of the banks’ profitability for the eight months of this year by four factors: the growth of net interest and commission income of the banks by 18%, to UAH 53 billion and by 15%, to UAH 28.4 billion respectively, a positive result from revaluation and purchase and sale operations with UAH 14.9 billion, as well as a low volume of the banks’ payments to reserves with UAH 8 billion against UAH 14.4 billion for the eight months of 2018.
