Business news from Ukraine

IBOX BANK FROM KYIV DECIDES TO INCREASE CHARTER CAPITAL BY 50%

IBOX Bank (Kyiv) has decided to increase its charter capital by UAH 100 million, or by 50%, to UAH 300.004 million through an additional issue of shares.
According to a bank report in the information disclosure system of the National Commission for Securities and the Stock Market, its shareholders decided to increase charter capital at a general meeting on September 25.
The shares will be offered at a price of UAH 1.18 per share, which equals its nominal value, without making a public offer.
The bank plans to use financial resources raised during share placement to bring regulatory capital in line with the requirements of the National Bank of Ukraine (NBU), the report said.
According to the NBU, at the beginning of August 2019 Volodymyr Drobot owned 54.991842% of the bank’s shares, Oleksiy Putiatin some 9.970795%, Ihor Khmelev some 9.897932%, Yevhen Berezovsky some 6.122%, Iryna Shpileva some 5.122519%, Oleksandr Smaliy some 4.70397%, and Natalia Konzurovska some 4.301307%.
IBOX Bank was founded in 1993.
The bank ranked 63rd among 76 banks operating in the country on July 1, 2019 in terms of total assets (UAH 820.014 million), according to the NBU.

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ARSENAL INSURANCE (KYIV) RAISES KASKO PREMIUMS BY THIRD

Arsenal Insurance (Kyiv) for the six months of 2019 increased the volume of KASKO premiums by 33.6%, to UAH 383 million, according to a press release from the company.

“According to data of the Insurance TOP rating of insurers, the company showed the highest dynamics of growth in insurance premiums among the top five players (33.6%), as well as a high level of insurance payments (48.9%),” the press release said.

The company also reports that its share in the KASKO market exceeded 10% (the entire market collected UAH 3.77 billion).

The company insured more than 25,000 cars under KASKO contracts (7.33% of all cars insured under KASKO in Ukraine), including private car owners and corporate clients. OSAGO premiums grew by 7.4% and amounted to UAH 80.5 million.

It is also noted that for the first half of 2019, the insurer reimbursed for losses under KASKO insurance contracts to its customers in the amount of UAH 187.5 million, while OSAGO claim fee payments amounted to UAH 41.9 million.

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PRESIDENT OF UEFA ALEKSANDER CEFERIN ARRIVES TO KYIV ON TWO-DAY VISIT

President of the Union of European Football Associations (UEFA) Aleksander Ceferin has come to Kyiv on a two-day visit, the Ukrainian Association of Football (UAF) reports. “Today, on September 4, UEFA President Aleksander Ceferin has arrived in Kyiv on a two-day visit. The president of the UAF, member of the UEFA Executive Committee Andriy Pavelko met the distinguished guest, whom he personally invited to visit Ukraine,” the UAF press service reported.
It is noted that the visit of the UEFA President is very eventful and important for Ukrainian football.
Ceferin visits Ukraine for the third time in the status of UEFA President. The last time he stayed in Kyiv was during the UEFA Men’s and Women’s Champions League finals in May 2018.

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UKRAINIAN CABINET MAKES SUBMISSION TO PRESIDENT TO DISMISS VITALI KLITSCHKO FROM POST OF KYIV ADMINISTRATION HEAD

The Cabinet of Ministers of Ukraine has agreed on the dismissal of Head of Kyiv City State Administration Vitali Klitschko.
“We turned to the President’s Office regarding the dismissal of Klitschko,” Honcharuk said at a government meeting on Wednesday.

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NEW BRITISH AMBASSADOR TO UKRAINE MELINDA SIMMONS ARRIVES IN KYIV

New British Ambassador to Ukraine Melinda Simmons has arrived in Kyiv and handed over the copies of her credentials to Deputy Foreign Minister of Ukraine Olena Zerkal. “New British Ambassador Melinda Simmons has handed over copies of her credentials to Deputy Foreign Minister of Ukraine Olena Zerkal,” the British Embassy said on Twitter.
The press service of the Foreign Ministry of Ukraine, in turn, reported that Simmons reaffirmed the unchanged position of the UK government regarding political and practical support for Ukraine, primarily in the issue of resolving the situation in Donbas caused by Russian aggression.
The UK is determined to expand and diversify its technical assistance programs for Ukraine with a particular emphasis on the development of regions suffering from Russian aggression, Simmons said.

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TRANSFER OF FLIGHTS FROM KYIV INTERNATIONAL AIRPORT (ZHULIANY) WON’T AFFECT REGULARITY OF BORYSPIL AIRPORT FLIGHTS

The transfer of flights from Kyiv International Airport (Zhuliany) to Boryspil International Airport in Kyiv region from September 2 to September 12, 2019 won’t affect regularity of other flights from Boryspil. First Deputy Director General of Boryspil airport Yevhen Dykhne wrote on his page in Facebook.
According to him, the flights of ten air companies, which regularly fly from Kyiv airport, will be shared between the terminals D and F of Boryspil airport.
In particular, passengers of Alitalia, Pegasus Airlines, Motor Sich, Belavia и LOT will depart from terminal D.
Passengers of Wizz Air, Ernest Airlines, Buta Airways, Jonika Airlines, Vueling Airlines will depart from terminal F.
As earlier reported, Kyiv airport will halt its work for reception and departure of flights from September 2 to September 12 because of maintenance of a landing strip.

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