The profits of Ukrainian banks in January-February 2023 amounted to 21.5 billion UAH, which is 2.2 times more than during the same period in 2022 (9.9 billion UAH), the press service of the National Bank of Ukraine (NBU) said on Tuesday.
The regulator noted that bank revenues for the two months increased by 33% to 65.8 billion UAH, and expenses – by 12%, to 44.3 billion UAH.
At the same time, the fee and commission income increased twofold, to 15.582 billion UAH.
The result of revaluation and purchase and sale operations increased 2.4 times up to UAH 4.649 billion against UAH 1.9 billion during the same period last year.
At the same time, deductions to the reserves decreased 2.3 times, to UAH 2.517 billion, and commission expenses went down by 11.9%, to UAH 7.5 billion.
As reported, the Ukrainian banks in 2022, net profit reduced by 3.1 times – to 24.716 billion UAH compared with 77.376 billion UAH in 2021.
Verkhnedniprovsk casting and mechanical plant PJSC (Dnipropetrovsk oblast) increased its net profit by 2.9 times in 2021 in comparison with the previous year – up to UAH 5.823 mln.
According to the company announcement in the information disclosure system of the National Securities and Stock Market Commission on the remote annual meeting of shareholders on December 20, the undistributed profits of the company at the end of last year reached 105,4 thousand UAH.
The shareholders intend to summarize the company’s results in 2021, approve the report and approve significant deals of the company.
Verkhnedniprovskiy Casting and Mechanical Plant PJSC was founded in 1898 and is one of the largest Ukrainian producers of alloys and non-ferrous metals products. Current capacity of stamped and die-cast shops exceeds 100 tons of finished products per month. Availability of all necessary infrastructure and vertical integration of the enterprise allow the plant to implement large customized projects for manufacturing enterprises not only in Ukraine, but also in Europe, Asia and America.
According to the NDU, as of the fourth quarter of 2021, a physical person Andrey Cherniy owns 50% of shares in PrJSC, another physical person Anastasia Fedorova – 49.4187%.
The authorized capital of PrJSC is 2 279,5 thousand UAH, the nominal value of one share is 1,05 UAH.
Source: https://vlmz.com/
Ukrainian banks’ profits in January-September 2022 amounted to 7.4 billion UAH, which is 6.9 times less than in the same period last year (51.4 billion UAH), the press service of the National Bank of Ukraine (NBU) said on Monday.
According to the report, losses of Ukrainian banks in September amounted to 1 billion UAH, while August’s profit amounted to 5.05 billion UAH.
The regulator noted that banks’ revenues in September increased by 13.3%, while expenses increased by 13.1%.
According to the regulator, banks’ income for nine months of this year increased by 30.8% against the same period last year – up to 255.08 billion UAH. At the same time, the fee and commission income decreased by 16% – to UAH 59.8 billion (whereas over the same period last year it increased by 28%).
At that the result from revaluation and purchase and sale operations was positive and made UAH 37.1 billion, while over the same period of previous year it was negative and made UAH 2.4 billion.
At the same time expenses of banking system in January-September 2022 increased by 72.5% compared with this index in 2021 – up to 247.7 billion UAH, including deductions to reserves – 12.9 times, up to 99 billion UAH. At the same time, the commission expenses increased by 2% up to UAH 25 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.
The net profit of Credit Dnipro Bank (Kyiv) amounted to UAH 561 million in 2021, which is 13.6 times more than in the same period of 2020 (UAH 41.41 million), according to the bank’s website on Thursday.
According to the report, net interest income increased 1.9 times over the year compared to the corresponding period of 2020, to UAH 804 million, net fee and commission income – 1.5 times, to UAH 173 million.
As of January 1, 2022, the bank’s assets amount to UAH 20.4 billion, which is 59% more than at the beginning of last year.
“This asset growth was due to both a growth of a resource base and an increase in capital at the expense of net profit,” the report says.
Credit Dnipro Bank was founded in 1993. On July 30, the National Bank of Ukraine (NBU) agreed on the direct acquisition by Oleksandr Yaroslavsky of 100% of a charter capital of the financial institution.
According to the data of the National Bank of Ukraine, as of January 1, 2022, in terms of total assets, Credit Dnipro Bank ranked 29th (UAH 23.565 billion) among 71 operating banks.
State-owned PrivatBank topped the list of profit-making Ukrainian banks in 2021, declaring UAH 35.05 billion of net profit, while Pravex Bank recorded the largest loss last year – UAH 266.249 million.
According to the data of the National Bank of Ukraine (NBU), the second position in the list of profit-making banks was taken by Raiffeisen Bank Aval (UAH 4.858 billion), and the third by FUIB (UAH 4.188 billion). According to the results of 2021, the subsidiary of the Russian Sberbank IR Bank (UAH 3.897 billion) is in the fourth position, and Ukrgasbank is in the fifth position (UAH 3.82 billion).
According to the central bank, Unex Bank (UAH 50.355 million) ranked second among loss-making banks, BTA Bank (UAH 32.085 million) ranked third, Ukrainian Bank for Reconstruction and Development fourth (UAH 27.928 million) and Alpari Bank fifth (UAH 6.12 million).
During this period, 66 out of 71 banks operating in Ukraine saw profit.
According to the statistics of the National Bank, in terms of total assets, PrivatBank (UAH 582.851 billion) retained the first place in the ranking in 2021 (UAH 582.851 billion), Oschadbank (UAH 249.938 billion) was second, Ukreximbank was third (UAH 210.029 billion), and Ukrgasbank was fourth (UAH 130.817 billion) and Raiffeisen Bank Aval fifth (UAH 133.651 billion).
The Verkhovna Rada is proposed to introduce ceiling prices for certain types of export products, upon exceeding which exporting companies will be obliged to pay 50% of the revenues received in excess of the established limit to the state budget, which will make it possible to replenish the state budget for a total amount of $ 6.37 billion per year and redirect these funds to support the social sphere.
Corresponding bill No. 5666 was registered in the Verkhovna Rada on June 16 by MPs Oleh Dunda, Bohdan Yaremenko and Oleksandr Aleksiychuk (all of them are from the Servant of the People parliamentary faction).
According to an explanatory note to the bill, it is proposed to tax a portion of foreign currency earnings exceeding the limits established by the bill with a 50% tax. For wheat, the limit is proposed to be set at $ 230/tonne (as of June 1, its average export price is $ 283/tonne), corn – $ 170/tonne ($ 271/tonne), rapeseeds – $ 350/tonne ($ 568/tonne), oats – $ 230/tonne ($ 265/tonne), sunflower oil – $ 850/tonne ($ 1,300/tonne). Accordingly, if a 50% tax is imposed on part of the profits received by exporters in excess of the established limits, the state budget will receive $ 450 million from taxation of exported wheat, corn will bring $ 1.21 billion, rapeseeds – $ 440 million, oats – $ 10 million, sunflower oil – $ 1.57 billion, the document says.
It is also proposed to tax the profits exceeding the established limits for exporters of iron ore, steel scrap and rebar, aluminum, copper, zinc and nickel.
According to the explanatory note to the document, the taxation of “excess profits” in these commodity groups will make it possible to replenish the state budget for a total of $ 6.37 billion per year.
“The tax is levied on excess profits, that is, the profits that a business entity received by taking advantage of the favorable market conditions. Usually this is a temporary measure that is applied when the country’s budget is experiencing an acute deficit,” the authors of the bill explain.
