Business news from Ukraine

MONOBANK VALUE EXCEEDS $1 BLN

The cost of a virtual monobank is more than $1 billion, bank’s co-founder Oleh Horokhvsky has said.
“Ukrainian monobank is already worth more than $1 billion dollars and is not for sale,” he said on his Telegram channel on Sunday.
According to him, with such an assessment, not a single Ukrainian bank can technically buy monobank.
“Only a consortium of foreign investment funds can handle this ‘candy,” Horokhvsky said.
Monobank was founded in January 2017 by former top managers of PrivatBank Horokhovsky, Dmytro Dubilet and Mykhailo Rohalsky. By October 2017, the bank issued the first thousand credit cards, in February 2018 it started to raise deposits in hryvnia.
The number of monobank clients in November 2020 increased to 3 million people.

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STATE-CONTROLLED PRIVATBANK TRANSFERS 19.4 BLN DIVIDENDS TO STATE

State-controlled PrivatBank (Kyiv) paid 80%, or UAH 19.4 billion, of profits for 2020 to the state budget, the bank’s press service has said.
According to the report, over the past three years, PrivatBank has directed UAH 55.4 billion to the state budget.
As reported, on April 28, the Cabinet of Ministers approved the distribution of the bank’s profits for 2020. In particular, in addition to paying dividends, the government allocated UAH 3.645 billion (15%) to cover the accumulated losses of previous years, and UAH 1.215 billion (5%) to the reserve fund.
On December 18, 2016, the government of Ukraine, referring to the proposal of the National Bank and the former shareholders of PrivatBank, decided to nationalize this largest financial institution on the Ukrainian market and injected over UAH 155 billion into its capital.
According to statistics from the National Bank of Ukraine, as of March 1, 2021, in terms of total assets (UAH 561.062 billion) PrivatBank ranked first among 73 banks operating in the country.

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PRIVATBANK TO PAY UAH 19.4 BLN IN DIVIDENDS TO STATE

The Cabinet of Ministers has approved the distribution of UAH 24.3 billion of net profit of the state PrivatBank (Kyiv) for 2020, in particular, UAH 19.4 billion (80%) will be allocated to pay dividends to the state budget, and UAH 3.645 billion to cover the accumulated losses of previous years (15%), and to the reserve fund – UAH 1.215 billion (5%).
The corresponding order was approved by the government on April 28.
As reported, at the end of April 2020, the Cabinet of Ministers approved the standard for the deduction of part of the profit to the state budget for state-owned companies at the level of 50%, with the clarification that it can also be set individually.

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PRAVEX BANK TOPS LIST OF UNPROFITABLE UKRAINIAN BANKS IN JAN-FEB 2021

State-run PrivatBank topped the rating of the most profit-making Ukrainian banks in January-February 2021, having declared UAH 1.31 billion of net profit, while the largest loss was recorded by Pravex Bank – UAH 34.4 million.
According to the National Bank of Ukraine (NBU), the second position in the list of the most profitable banks was taken by Raiffeisen Bank Aval (UAH 758.705 million), the third by FUIB (UAH 676.133 million). Universal Bank with UAH 472.044 million) was fourth, and Alfa Bank with UAH 426.941 million was fifth.
According to the central bank, BTA Bank was second in terms of loss (UAH 7.68 million), the Ukrainian Bank for Reconstruction and Development (UBRD, UAH 6.671 million) third, AP Bank (UAH 6.389 million) fourth, and Unex Bank (UAH 4.682 million) fifth.
During this period 63 out of 73 banks operating in Ukraine saw profit.
According to the statistics of the National Bank, in terms of total assets, PrivatBank (UAH 561.062 billion) retained the first place in the rating in terms of total assets (UAH 561.062 billion), Oschadbank was second (UAH 279.702 billion), Ukreximbank (UAH 237.061 billion) was third, Ukrgasbank (UAH 149.524 billion) was fourth and Raiffeisen Bank Aval (UAH 118.33 billion) was fifth.

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NATIONAL BANK OF UKRAINE: NINE BANKS VIOLATE REQUIREMENTS

The single counterparty exposure limit (H7, should be no more than 25%) as of March 1, was violated by Prominvestbank (82.02%), Sberbank (50.23%) and Industrialbank (49.51%), according to the website of the National Bank of Ukraine (NBU).
According to the regulator, the related party transactions exposure limit (H9, should not exceed 25%) was violated by First Investment Bank (52.02%), Unex Bank (28.17%), Megabank (27.56%) and Land Capital Bank (26.75%).
The limit on bank total long open FX position (L13-1, should be no more than 10%) was violated by Oschadbank (129.99%), Prominvestbank (114.57%), PrivatBank (95.74%) and Industrialbank (12.35%).
The limit on bank total short open FX position (L13-2, should be no more than 10%) was violated by Prominvestbank (110.36%).

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PrivatBank puts Pryozerny mall in Dnipro up for auction with price of UAH 518 mln

State-owned PrivatBank (Kyiv) has put the Pryozerny shopping center in Dnipro up for auction in the EP Liquid trading system, the mall has an area of 32,400 square meters and adjacent 12 land plots with a total area of 3,640 square meters, the press service of the bank said on Monday.

According to the report, it will be an English auction (the price should increase continuously) scheduled for January 15. The initial price of lot No. EPCU012021 is UAH 518 million. The money deposit is 5%.

EP Liquid is an electronic trading system (ETS) from a London-based firm of Exito Partners. In particular, the company specializes in advising financial institutions and corporates in disposal of non-core/distressed portfolios of loans & assets; large single name distressed loans & assets restructuring; equity & debt raising.

Through EP Liquid, investors can browse and bid on a variety of assets brought to market by Exito Partners.

On December 18, 2016, the government of Ukraine, referring to the proposal of the National Bank and former shareholders of PrivatBank, decided to nationalize this largest financial institution on the Ukrainian market and injected over UAH 155 billion into its capital.

According to the National Bank of Ukraine, PrivatBank as of October 1, 2020, ranked first in terms of total assets (UAH 600.15 billion) among 74 banks operating in the country.