The national communications operator JSC Ukrposhta intends to comply with the National Bank of Ukraine’s (NBU) capital requirements by January 1, 2026, using its own resources, without recapitalization from the budget, according to the company’s CEO Ihor Smelyansky.
“Will Ukrposhta bring its capital into line with the new requirements by January 1, 2026, as required by the NBU resolution? Yes, it will. Does Ukrposhta need additional capital from the state to do this? No, it does not. This will be done with its own resources,” he wrote on Facebook on Friday evening.
According to him, as of June 1, 2025, Ukrposhta’s capital amounted to more than UAH 4 billion. At the same time, from the same date, the NBU changed the procedure for calculating capital, which, according to the CEO, “applies to everyone, but in practice, primarily to Ukrposhta.” As a result, after revising the approaches to capital assessment, the indicator for the company turned out to be negative – minus UAH 600 million.
Smelyansky also explained that Ukrposhta had not yet submitted documents to obtain the opportunity to open a bank because it had already had a negative experience with such attempts when trying to buy Alpari Bank, which was later liquidated. The CEO noted that the company’s shareholder, the Ministry of Community and Territorial Development (Ministry of Development), the First Deputy Prime Minister, and the Ministry of Economy tried to find common ground with the regulator on how best to resolve this issue.
“Moreover, this topic was discussed last week during the IMF mission, so, of course, we did not do anything that could raise questions from our partners,” Smelyansky added.
According to him, at meetings attended by the Ministry of Economy, the Ministry of Development, and representatives of the NBU, it was agreed that Ukrposhta would submit a joint action plan with its shareholder, which would have to be approved by the NBU, and only then would it submit a package of documents in accordance with the approved plan.
“Did Ukrposhta submit a project jointly with its shareholder? Yes, it has. Has the final meeting taken place? No, it has not. Moreover, it has already been postponed three times by the NBU. Does it make sense to submit documents to the bank without an approved plan? No, it does not. Why? Because the regulator has such broad powers that it can reject any documents for any reason,” Smelyansky added.
As reported, this week, National Bank Chairman Andriy Pyshnyy said that the central bank had approached the government in response to a request regarding the fiscal risks it sees in connection with Ukrposhta’s attempts to acquire a bank.
“We have identified the possibility of the need to recapitalize Ukrposhta… The owner of a significant stake must meet the requirements set forth in the legislation: be financially capable, have a well-developed corporate governance system, and have a clear understanding and strategy for the bank. We are waiting for the supervisory board, the owner of Ukrposhta, whose functions are performed by the Ministry of Community and Territorial Development, to provide the relevant documents,” he said on September 11.
Earlier, Smelyansky stated that, despite opposition from the National Bank, the launch of a financial inclusion bank remains a priority goal and task for the national communications operator JSC Ukrposhta.
In the first half of 2025, Ukrposhta increased its revenue by 5.4% compared to the same period last year, to UAH 6 billion 505.0 million, reducing its net loss by 27.2% to UAH 311.8 million. However, the company ended the first half of this year with negative capital of UAH 101.6 million, compared to UAH 210.2 million at the beginning of the year.
Transmagistral Insurance Company PrJSC will increase its authorized capital to UAH 248 million through an additional issue of shares worth UAH 200 million.
According to the company’s information posted in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), this decision was made by shareholders at a meeting on November 29, 2024.
The additional share issue will include 20 million shares with a par value of UAH 10.
As reported at the end of January 2024, JSC Ukrtransnafta, the authorized person acting on the basis of the agreement dated 1 November 2023 on the exercise of rights to 89.4977% of shares in IC Transmagistral, announced a public irrevocable offer for all shareholders of the company to purchase their shares. The purchase price of the shares was UAH 17.76 per ordinary share, which corresponds to the estimated value as of November 2023.
Earlier, the National Bank of Ukraine approved the indirect ownership of 92.4059% of the shares of Transmagistral Insurance Company by the state of Ukraine. Prior to that, on January 8, the NBU confirmed that the company’s ownership structure met the transparency requirements.
According to the company’s website, as of April 2024, the company’s shareholders were Ukrtransnafta JSC – 91.992%, Ukrtransnafta Corporate Fund LLC – 2.908%, Primary Trade Union Organization of Ukrtransnafta JSC (Kremenchuk, Poltava), Primary Trade Union Organization of Ukrtransnafta JSC – 2.908%.
The Kyiv Employment Service has released data on the highest salaries offered by employers in Kyiv. Although the average salary level in vacancies is about 15 thousand hryvnias, some employers are willing to pay much more for highly qualified specialists.
Here are the top 10 best-paid vacancies in the capital:
1. Inspector and special police officer – UAH 125-126 thousand
2. Software engineer – 110 thousand UAH
3. Software engineer – 90 thousand UAH
4. Professional in the organization of information security – 69 thousand UAH
5. Sales manager – 67 thousand UAH
6. Journalist – 54 thousand UAH
7. Combat medic – 51 thousand UAH
8. Editor – 50 thousand UAH
9. Psychologist – 47 thousand UAH
10. Public procurement specialist – 45 thousand UAH
It is interesting that the IT sector, which until recently was the leader in terms of salaries, has now lost ground to the security sector. Employers are ready to pay competitive salaries and create modern working conditions, but expect a high level of professional training of candidates.
Despite the fact that many employers have lowered their requirements for candidates due to labor shortages, this is not the case for highly paid positions. To succeed in your career and earn a high salary, you need to constantly develop your knowledge and skills.
The Capital Employment Service offers effective programs and services to increase the competitiveness of job seekers. An individual approach and consideration of the needs and competencies of each person help to find a prestigious and well-paid job.
Italian Intesa Sanpaolo Group, one of the leading banking groups in Europe, has decided to increase the capital of its 100% Ukrainian subsidiary PRAVEX Bank by UAH 1.1 billion at the expense of additional shareholder contributions after the National Bank of Ukraine announced the need to recapitalize the bank earlier this year.
“The capital increase is an additional support to ensure financial stability and increase the capital level of PRAVEX Bank. The strategic decision of the shareholder will have a significant positive impact on PRAVEX Bank’s capital ratios, maintaining liquidity, financial stability and reliability of the institution for all stakeholders,” PRAVEX Bank said on Monday.
The recapitalization will also strengthen the ability to withstand the risks faced by PRAVEX Bank and its customers in the event of a full-scale invasion, the financial institution added.
It is specified that Intesa made this decision on March 28.
The bank recalled that Intesa Sanpaolo Group has always provided full support to its Ukrainian subsidiary, which was demonstrated in various crisis periods in previous years, starting in 2008.
Pravex-Bank was founded in 1992. Its sole shareholder since June 2008 is Intesa Sanpaolo S.p.A. (Italy).
According to the National Bank of Ukraine, as of February 1, 2024, PRAVEX-Bank ranked 27th among 63 banks operating in the country in terms of total assets (UAH 10.96 billion). Its authorized capital amounted to UAH 979.09 million, and its equity capital was UAH 1 billion 14.87 million.
Last year, the bank’s net loss decreased to UAH 92.9 million from UAH 415.2 million a year earlier. Last year, PRAVEX Bank’s assets increased from UAH 10.55 billion to UAH 11.23 billion, while its reserves decreased from UAH 0.34 billion to UAH 0.27 billion.
In early January of this year, the NBU announced the need to recapitalize state-owned Ukreximbank, Pravex Bank and MTB Bank by a total of UAH 10 billion based on the results of an assessment of their sustainability for the next three years under the baseline macroeconomic scenario.
According to the data provided by the NBU, after assessing the quality of assets and the acceptability of collateral for credit transactions, taking into account adjustments, the regulatory capital adequacy (N2) of Ukreximbank was 5.93% as of April 1, 2023, with a minimum of 10%, and core capital (N3) was 2.98% with a minimum of 7%. For MTB, these figures were 7.71% and 6%, respectively, and for PRAVEX Bank – 15.61% and 14.39%.
At the same time, according to the NBU, PRAVEX Bank’s capital would have become negative from the second year under the baseline macro scenario, and in the third year its adequacy ratios would have fallen to minus 16.51%. In the case of MTB, the capital would have gone into a slight negative in the first year, and in the third year, its adequacy ratios would have deteriorated to minus 4.15%.
For Ukreximbank, the ratios would have fallen from minus 3.67% to minus 8.04% over three years.
Of the 3.5 million inhabitants of Kyiv, two-thirds have already returned to the capital, Mayor Vitali Klitschko said.
“Before the war, 3.5 million Kyivans were in our city… Almost two-thirds of Kyivans have already returned,” Klitschko said on the air of the National Telethon on Tuesday.
The mayor noted that there are still many restrictions in Kyiv due to the martial law: there is a curfew, there are still a large number of checkpoints, there is still a possibility of shelling the capital, and in the forest zone of the suburbs all territories have not yet been cleared of mines, there are many explosive objects, and therefore visiting green areas is prohibited. .
“That is, there are many restrictions. And if these restrictions do not scare you, then you can really return,” Klitschko said.
He stressed that he could not forbid the people of Kiev to return to the capital, but could only recommend.
“If you have the opportunity to be in more protected places, where there is no risk to your life and health, please stay. But if possible, we will not mind returning to our homes today,” the mayor said.
Ukraine and Poland are planning to launch high-speed trains between the capitals.
“Recently I’ve been to Poland, talked with my counterpart in the Polish government. They support our idea, they are interested in it. They have also figured out that high-speed trains of 300 km+ are super-expensive and definitely not about economy. But as for 250 km+, we completely coincide with them in technical requirements, and now our teams are already starting to work. That is, we have agreements that our Italian company, which is developing a feasibility study, will work with the two railways,” Minister of Infrastructure of Ukraine Oleksandr Kubrakov said during the Big Construction: New Railway forum in Kyiv.
He also stressed that a preliminary understanding of the cost of the project and its roadmap is expected by the end of the year or in January 2022.
For this project, according to Kubrakov, a preliminary feasibility study is already being developed.
