Business news from Ukraine

Raiffeisen Bank in Ukraine to transfer UAH 1.57 bln in profits less dividends to reserve fund

Raiffeisen Bank is planning to send its profits for 2022 less dividends in the amount of UAH 1.572 billion to the bank’s reserve fund.
According to a report in the system of the National Securities and Stock Market Commission (NSSMC), the relevant decision will be considered at the remote gathering of the bank’s shareholders on April 28.
It is pointed out that the bank plans to deduct UAH 700 th from the profit for 2022 to pay dividends to the owners of the bank’s preferred shares before sending them to the reserve fund.
According to the National Bank of Ukraine, Raiffeisen Bank on the size of assets as of January 1, 2023, was in 5th place (187.26 billion UAH) among 67 operating Ukrainian banks.

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Kyiv region allocated UAH 145 million for restoration from reserve fund of regional budget

The Kyiv Regional Council allocated UAH 145 million from the reserve fund of the regional budget to overcome the consequences of the war and restore the region, the head of the Kyiv Regional Military Administration, Oleksiy Kuleba, said in a video message on Friday.
“These funds will be used for road maintenance, as well as relevant infrastructure, territorial defense, liquidation of the consequences of hostilities and preparation for the heating season,” Kuleba emphasized.
According to him, out of 145 million hryvnias, 100 million hryvnias have been allocated for the maintenance and development of highways, as well as the corresponding infrastructure.
Kuleba noted that for preparation for the heating season, Borodyansk will receive UAH 6.7 million, Vasylkivsk will receive about UAH 19.7 million, Dymersk will receive about UAH 12.9 million.
In addition, for the liquidation of the consequences of hostilities and the restoration of the infrastructure of settlements, UAH 0.6 million was allocated to the Borodyansk community, over UAH 2.3 million to the Dymersk community, and UAH 0.255 million to the Poliska territorial community
Another 2 million hryvnias will also be directed to the work of territorial defense and other measures related to the military aggression of the Russian Federation.

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GROUP OF DEPUTIES OF UKRAINE PROPOSES TO EXPAND STATE BUDGET DEFICIT BY UAH 200 BLN AND INCREASE RESERVE FUND BY THIS AMOUNT

A group of people’s deputies, headed by the head of the budget committee of the parliament, Yuri Aristov, proposes to expand the state budget deficit and increase the expenditures of the reserve fund by this amount, bill 7299, registered on the website of the parliament on Tuesday, testifies.
According to the bill, it is proposed to increase state budget expenditures to UAH 1.793 trillion, including UAH 1.572 trillion for the general fund, and the state budget limit deficit to UAH 456.363 billion, including the general fund deficit to UAH 360.259 billion.

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