Capital returns of banks in 2019 would considerably exceed 20%, which is the contingent standard for banking sectors of emerging countries, Director of the Financial Stability Department Vitaliy Vavryschuk said at the presentation of the financial stability report on Tuesday.
“In [the first] five months, the profit is already more than for entire 2018 [in January-May 2019, the net profit of banks was UAH 23.4 billion]. We are confident that capital returns of banks in 2019 would considerably exceed 20%, which is the contingent standard for banking sectors of emerging countries. We do not see any risks to profitability in subsequent quarters,” he said.
According to Vavryschuk, banks should use high profits to form the capital stock. In the coming years, capital requirements will be toughened substantially: it will be necessary to form capital conservation and systemic importance buffers (for systemically important banks), as well as to cover operational and market risks with capital (now only credit risk is covered with capital),” he said.
Marka Ukraine (Kyiv), the office representative of the British Marks & Spencer brand in Ukraine, early February opened a new store in the French Boulevard shopping center in Kharkiv.
“We are pleased to reopen the doors of our store for Kharkiv citizens. Opening a new store in the city was a priority in 2018,” Marka Ukraine’s press service reported, citing CEO Bulent Temel.
Before the crisis in Ukraine, the Marks & Spencer store operated in Kharkiv in the Karavan shopping center, but was subsequently closed.
According to the press release, the area of the new store is 500 square meters.
The Marks & Spencer network as of February 2019 is represented in Ukraine by five stores in Kyiv, one each – in Dnipro, Odesa, Lviv and Kharkiv.
Marka Ukraine LLC was created in 2006. It is fully owned by concern Fiba (Turkey). The company is developing a network of stores Marks & Spencer in the franchise segment in Ukraine.
