OTP Bank (Kyiv) in January-March 2018 saw UAH 670.493 million of net profit, which is a 2.3-fold rise year-over-year.
According to a financial report posted on the bank’s website, its net interest income grew by 21%, to UAH 584.507 million, and non-interest income increased 3.24-fold, to UAH 395.402 million, including a rise of 26.8% in net commission income, to UAH 255.924 million.
Operating expenses grew by 8%, to UAH 351.757 million.
The bank’s assets rose by 5.1%, to UAH 30.9 million, including a 6.1% rise in loans issued to clients, to UAH 18.08 billion.
Funds of clients grew by 2.9%, to UAH 26.4 million.
OTP Bank was founded in 1998. Its sole shareholder is Hungary’s OTP Bank Plc. OTP Bank is part of OPT banking group, which also includes OTP Factoring Ukraine LLC, AMC OTP Capital, OTP Leasing LLC, and OTP Credit LLC.
OTP Bank ranked 12th among 84 banks operating in the country on January 1, 2018 by total assets (UAH 29.822 billion), according to the National Bank of Ukraine.
Credit Agricole Bank (Kyiv) in January-March 2018 saw UAH 439.944 million in net profit, which is 43.9% more than a year ago (UAH 305.55 million). According to a quarterly financial report of the bank, net interest income over the period amounted to UAH 532.854 million, which is 16.7% more than year-over-year (UAH 456.707 million).
In addition, the bank saw commission income in the amount of UAH 230.538 million (14.8% up year-over-year).
Assets over the period fell by 2.1%, to UAH 30.303 billion, while the charter capital grew by 10.3%, to UAH 3.601 billion.
The bank said in a press release that the bank’s performance in the first quarter of 2018 was the best in the entire history of its operations.
“Universal banking model allows Credit Agricole Bank to diversify its main sources of revenues and to maintain an excellent financial performance. The bank is in a position to compensate adverse trends that are associated with narrowing of market spreads, and to continue further its positive dynamics in 2018. In Q1 2018, Credit Agricole Bank has posted the highest quarterly net result ever achieved which gives good expectations for the whole year 2018,” Management Board Member, Financial Director of Credit Agricole Bank Regis Lefevre said.
Credit Agricole Bank was founded in 1993. Credit Agricole S.A. on January 1, 2018 owned a 99.9961% stake in PJSC Credit Agricole Bank. Credit Agricole Bank ranked 13th among 84 operating banks in the country on January 1, 2018 by total assets (UAH 33.325 billion), according to the National Bank of Ukraine.
The largest state-owned bank in Ukraine, PrivatBank, saw UAH 3.7 billion of net profit in Q1 2018, which is a 3.3-fold rise year-over-year (UAH 1.108 billion), the bank has said in a press release.
“In the first three months net commission income totaled UAH 3.4 billion… Net interest income came to UAH 3.3 billion. In Q1 2018, the bank earned UAH 6.7 billion of interest income thanks to the expansion of the loan portfolio of individuals by 6% (UAH 2.5 billion) and growth of the portfolio of corporate clients by 18% (UAH 1.1 billion),” the bank said.
As reported, PrivatBank in Ukraine should make profit in 2018 and generate no less than UAH 8 billion of profit starting from 2020, according to the strategy for its development until 2022 approved by the supervisory board of the financial institution.
Nationalized late 2016 PrivatBank in 2017 reduced the consolidated loss to UAH 23.99 billion from UAH 176.64 billion a year earlier.
In total, the bank was capitalized by UAH 155.3 billion through issuance of government bonds.
At the end of June 2017, the Cabinet of Ministers decided to capitalize the bank by another UAH 38.5 billion (almost $1.5 billion) on the basis of the proposals of the NBU and the conclusion of an independent auditor of PrivatBank, EY. The first tranche of UAH 22.5 billion was provided to the bank in July 2017, the second of UAH 16 billion – in December.
State-owned public joint-stock company Ukrbud Construction Company, part of the Ukrbud State Construction Corporation (all based in Kyiv), saw a 12.4% rise in net profit in 2017, to UAH 6.8 million. According to a company’s annual report under IFRS, net revenue grew by 46.4%, to UAH 445.2 million, gross profit tripled, to UAH 98.3 million, and operating profit grew six-fold, to UAH 44.1 million.
Undistributed profit grew by 28.8%, to UAH 18.5 million. Current liabilities shrank by 35%, to UAH 256.2 million and the company did not have non-current liabilities. Ukrbud Construction Company was founded by the Ukrainian government in 2004.
State-owned Ukrgasbank (Kyiv) in January-March 2018 saw UAH 54.201 million of net profit (a 2.52-fold rise year-over-year). According to a financial report posted on the bank’s website, net interest bearing income grew 1.8-fold, to UAH 770.067 million. Net interest bearing income after the write-back of part of reserves came to UAH 854.876 million (a 2.6-fold rise year-over-year).
Net commission income grew by 32%, to UAH 149.453 million.
The bank saw UAH 241.281 million of loss from transactions with foreign currencies compared with UAH 6.443 million of profit a year ago.
Total non-interest loss accounted for UAH 5.098 million in January-March 2018, while in Q1 2017 profit of UAH 198.343 million was seen.
Assets grew by 7.4%, to UAH 74.318 billion. The loan portfolio narrowed by 8%, to UAH 30.944 billion. The volume of short-term securities significantly grew – by 42.1%, to UAH 29.233 billion.
The deposit portfolio expanded by 8.3%, to UAH 65.7 billion.
Ukrgasbank was founded in 1993. As of January 1, 2017, the state represented by the Finance Ministry owned 94.9% of its shares.
According to the National Bank of Ukraine (NBU), as of January 1, 2018, Ukrgasbank ranked fourth (UAH 69.274 billion) in terms of assets among the 84 banks operating in the country.
KSG Agro agroholding saw $0.895 million of net profit in 2017, which is almost 77.4% less than in 2016. According to an unaudited report of the company posted on the website of the Warsaw Stock Exchange (WSE), revenue last year grew by 10.8%, to $23.19 million. Gross profit fell by 10.6%, to $11.64 million, and operating profit – by 29.6%, to $11.24 million.
Earnings before interest, taxes, depreciation and amortization (EBITDA) fell by 26.4%, to $12.73 million.
In 2017, the company increased sales of pigs and young pigs by 5.6%, to 9,810 tonnes (in monetary terms by 38.8% – to $11.8 million). Last year, the holding collected a crop harvest which was 1.6% less than in 2015 – 50,600 tonnes. In particular, 18,400 tonnes of sunflower, 19,700 tonnes of wheat, 5,200 tonnes of barley, 1,700 tonnes of corn, and 800 tonnes of rapeseed were harvested.
In the structure of KSG Agro’s revenue for the last year, the share of the grain segment decreased to 36% from 37% in 2016, the pig-breeding segment grew to 33% from 26%, processing – to 22% from 20%. Net debt of the company as of December 31, 2017 was $47.8 million.
KSG Agro restructured $3.88 million of liabilities for 30 years. This loan was previously taken in Credit Agricole Bank. In January 2018, the bank conceded it along with property rights as a pledge to a third party that restructured the loan.
The company is negotiating with international creditors related to the restructuring of the total debt of $18 million. The agroholding in 2017 signed letters of intent, which agreed on the preliminary conditions for debt restructuring. In accordance with them, KSG Agro is obliged to repay the debt in ten years starting from 2018. In December 2017, the group made a final decision on the choice of a legal adviser and began the process of preparing the agreement.
AGRO, AGROHOLDING, EXCHANGE, KSG, PROFIT
