The profit of the state-owned Ukrgasbank in January-July 223 amounted to UAH 2.9 billion, while the bank ended the same period in 2022 with a net loss of UAH 3.5 billion, according to the financial institution’s website.
According to the release, the bank’s assets as of August 1, 2023, reached UAH 158.6 billion, having increased by UAH 26.4 billion since the beginning of the year (excluding the impact of exchange rate differences).
The bank notes that the total portfolio of customer accounts has increased by UAH 23.5 billion since the beginning of the year to UAH 136.1 billion, including UAH balances increased by UAH 17.9 billion.
The financial institution clarifies that the hryvnia deposit portfolio of customers has almost doubled since the beginning of the year, or by UAH 3 billion to UAH 9.1 billion.
This, in particular, made it possible to increase the portfolio of three-month deposit certificates to more than UAH 11.4 billion.
In addition, Ukrgasbank increased its portfolio of domestic government bonds by almost two-thirds over 7 months – by UAH 14.2 billion to UAH 36.3 billion.
At the same time, the volume of lending was lower: since the beginning of the year, almost UAH 5 billion has been provided, of which UAH 2.8 billion was used to finance the needs of agricultural and food industry enterprises, and another UAH 1.6 billion was attracted in the electricity and trade sectors.
“To support trade, exports and imports, Ukrgasbank, which is a leader in Ukrainian trade finance, has implemented 400 transactions for Ukrainian enterprises worth over UAH 6 billion,” the financial institution added.
According to the National Bank of Ukraine, as of July 1, 2023, Ukrgasbank ranked 5th in terms of total assets (UAH 167.97 billion) among 65 banks operating in the country, its net profit for the first half of the year amounted to UAH 2.6 billion.
In the second quarter, the state-owned bank’s network grew by two branches and now includes 219 structural units across the country.
State-owned “Ukrgasbank” provided “Karpaty” Experimental Mechanical Plant (OMZ) wagon building enterprise (Lviv region) with a two-year loan to the amount of UAH 170 mln, including UAH 60 mln granted under the state program “Available loans 5-7-9%”, as press-service of the bank informed.
According to a press release on Monday, such support from Ukrgasbank allowed the company to provide itself with orders, maintain its staff (more than 600 employees) and stable tax revenues to the budget.
“Since the beginning of the war, Ukrgasbank continues to support the national railcar industry by providing financing for the working capital of OMZ Karpaty LLC,” the statement said.
According to the bank, since the beginning of 2023, OMZ Karpaty has built 392 cars, including 291 grain cars, 35 gondola cars, 64 cement cars and two platforms. The company is also developing a new direction – repair of diesel locomotives.
Besides, the production is diversified in the direction of press-compactors production, which are exported to the EU.
The main activities of OMZ Karpaty LLC are construction of freight cars, repair of rolling stock, production of tank containers, tanks, metal structures and hydraulic elevators.
According to the resource opendatabot, in 2022 the company’s income increased by 2.9 times against 2021, to 1 billion 231.5 million UAH, net profit was 13.4 million UAH against a loss of 2.67 million UAH a year earlier.
According to the NBU on May 1, 2023, Ukrgasbank with assets of UAH 164.38 billion ranked 5th among the 65 operating banks in the country.
Ukraine’s anti-corruption bodies have notified 10 more individuals involved in the Ukrhazbank case on suspicion of illegal activities of officials, the Specialized Anti-Corruption Prosecutor’s Office said.
“Under the procedural guidance of the prosecutors of the SAP, NABU detectives notified the suspicion of 10 more participants of the organized group, led by the ex-chairman of the board of JSB “Ukrgasbank” which illegally withdrew from the financial institution 206 million UAH”, – said in a message of the SAP in the telegram channel on Tuesday.
In the SAP emphasize that according to the investigation, the bank’s employees exactly with these figures, who allegedly were “agents” of the bank and attracted large customers to him, provided the conclusion of contracts to receive from the bank “remuneration”.
“It turned out that most of these subjects (individual entrepreneurs, self-employed and legal entities) were registered solely to participate in this scheme and after receiving funds stopped their activities,” the report says.
The prosecutor’s office specifies that five of the defendants are abroad, their suspicion was reported under article 278, article 135 of the Code of Criminal Procedure of Ukraine.
“To date, the total number of participants in the scheme is 15 people, including the ex-chairman of the board of “Ukrgasbank”, – is indicated in the message.
The SAP reminds that the management of the bank, having information about the agreements concluded with major clients on the placement of funds, used it to steal funds.
The investigation found that during 2014-2019 under this scheme, 52 such agents unreasonably transferred funds of the state bank in the amount of more than 206 million hryvnia.
On October 6, 2022 in the mentioned criminal proceedings 5 main figures of this crime, including the former head of the board of “Ukrgasbank”, former and current officials of banking institutions were reported on suspicion.
State-owned Ukrgasbank (Kyiv) on September 14 terminated the powers of members of the Supervisory Board (SB) – representatives of the shareholder Denis Ulyutin and Andrey Svistun, who held them for a year and nine months and four months, respectively.
According to a message in the data disclosure system, director of U4 Ukraine Yana Bugrimova and ex-Minister of Social Policy Marina Lazebnaya have been appointed in their place.
JSB “Ukrgasbank” was founded in 1993. The state, represented by the Ministry of Finance, owns 94.94% of the shares of the financial institution.
According to the data of the National Bank of Ukraine, as of June 1, 2022, Ukrgasbank ranked 5th (UAH 129.52 billion) among 69 banks operating in the country in terms of total assets.
The state-owned Ukrgasbank (Kyiv) repaid ahead of schedule UAH 1 billion of refinancing received from the National Bank of Ukraine (NBU) this year, the bank’s press service reported on Tuesday.
“On August 30, the state-owned Ukrgasbank made an early repayment of a refinancing loan in the amount of UAH 1 billion received from the NBU this year. The repayment was due to the positive dynamics of attracting funds from legal entities and individuals in August this year,” the report says.
JSB “Ukrgasbank” was founded in 1993. The state, represented by the Ministry of Finance, owns 94.94% of the shares of the financial institution.
According to the data of the National Bank of Ukraine, as of July 1, 2022, Ukrgasbank ranked 5th (UAH 139.671 billion) in terms of total assets among 68 banks operating in the country.
The number of loans issued by state-owned Ukrgasbank (Kyiv) increased by 22% in 2021, the bank’s press service reported.
According to the report, the bank’s loan portfolio increased by UAH 7 billion last year.
“In 2021, more than 300 eco-loans worth UAH 2 billion were issued, which ensured a reduction in CO2 emissions by 140,000 tonnes. Among them, about UAH 500 million are sustainable development projects,” Andriy Kravets, the head of the bank’s board of directors, said.
Ukrgasbank was founded in 1993. The state, represented by the Ministry of Finance, owns 94.94% of the shares of the financial institution.
According to the data of the National Bank of Ukraine (NBU), as of October 1, 2021, Ukrgasbank ranked fifth in terms of total assets (UAH 121.19 billion) among 71 banks operating in the country.
