Business news from Ukraine

PRIVATBANK WILL LEND FOR PURCHASE OF AGRICULTURAL, COMMERCIAL EQUIPMENT FOR UAH 500 MLN

State-controlled PrivatBank (Kyiv) on May 9 began accepting applications for financing the purchase of fixed assets for a total amount of UAH 500 million, which include agricultural machinery, commercial vehicles and special equipment.
The launch of the corresponding program was announced in a press release from the financial institution.
The bank also announced the completion on May 13 of the Agroseason lending program for agricultural producers, carried out to finance the 2022 sowing campaign under the state program 5-7-9% with interest compensation.
It is specified that over 2,400 Ukrainian agricultural enterprises and farmers have already received loans for UAH 6 billion.
PrivatBank clarified that the Cabinet of Ministers of Ukraine by resolution No. 28 set the deadline for issuing loans for the sowing campaign until May 31, 2022. Since the bank is currently processing more than 2,000 loan applications, it will limit the acceptance of applications on May 13 in order to have time to process those already received before the deadline set by the government.
The financial institution recalled that under the terms of the state program, lending was available to Ukrainian agricultural producers for a period of six months with compensation from the state up to 0% per annum in the amount of up to UAH 60 million.
As reported, Ukrainian banking institutions for the period from mid-March to May 5 provided loans to farmers under the state program to support the sowing campaign in 2022 for a total of UAH 19.82 billion, including loans and portfolio guarantees for the week of April 28-May 5 for UAH 4.87 billion.

, , ,

PRIVATBANK ISSUES UAH 6 BLN IN LOANS TO AGRICULTURAL PRODUCERS FOR SOWING CAMPAIGN

State-controlled PrivatBank (Kyiv) issued UAH 6 billion in loans to 2,300 agricultural producers for the sowing campaign, the bank’s press service reported on Saturday.
“Ukrainian agricultural enterprises and farmers have already received UAH 6 billion of preferential loans for sowing from PrivatBank. Funding for spring work has been provided to 2,300 farms under the state program of preferential lending to agricultural producers,” the report says.
As reported, PrivatBank began issuing agricultural loans under the state support program on March 24. The program provides loans in the amount of up to UAH 5 million without collateral and insurance, as well as interest rate compensation, due to which customers pay 0% per annum with a one-time commission payment of up to 1% of the loan amount.
In order to receive a loan in the amount of more than UAH 5 million, the agricultural producer must additionally pledge agricultural machinery, which will provide at least 20% of the loan amount.
According to the statistics of the National Bank of Ukraine, as of January 1, 2022, PrivatBank ranked first in terms of total assets (UAH 582.85 billion) among 71 banks operating in the country.

, , ,

LARGEST BANK IN UKRAINE PRIVATBANK AGAIN ANNOUNCES TECHNOLOGICAL PAUSE IN OPERATION OF PRIVAT24 SYSTEM

On April 18, the State PrivatBank will introduce a technological pause in making payments through Privat24 from 23:00 to 8:00 on Monday for the third week in a row for technical work, the bank said on Sunday.
“PrivatBank from 23:00 on April 17 to 8:00 on April 18 is carrying out the next stage of scheduled maintenance work in Privat24 (…) During the work, the applications and the web version of Privat24 will not be available,” the financial institution said.
It is noted that settlements in the trading network and ATMs will work as usual.
As reported, PrivatBank held a technical pause a week earlier, scheduled from 23:00 on April 10 to 8:00 on April 11, which was extended until 6:00 on April 12. The bank also suspended the operation of services from March 20 to 21 to introduce reserve capacities.
According to the statistics of the National Bank of Ukraine, as of January 1, 2022, PrivatBank ranked 1st (UAH 582.85 billion) among 71 banks operating in the country in terms of total assets.

, ,

STATE-OWNED PRIVATBANK INTRODUCES CREDIT HOLIDAYS FOR HOMEOWNER ASSOCIATIONS

State-owned PrivatBank (Kyiv) has introduced credit holidays for homeowner associations, the bank’s press service reported.
“To support homeowner associations and housing construction cooperatives under martial law, PrivatBank announced from March 1 to June 1, 2022 credit holidays under agreements according to which there was no delay or the delay period is no more than 90 days,” the press service said.
Under the terms of the loan holidays, for the loans for energy-efficient modernization and the Energodom product the mandatory payments (the principal and interest) are transferred to June 1, 2022, no delay is recorded.

,

PRIVATBANK IS TOP PROFIT-MAKING UKRAINIAN BANK IN 2021

State-owned PrivatBank topped the list of profit-making Ukrainian banks in 2021, declaring UAH 35.05 billion of net profit, while Pravex Bank recorded the largest loss last year – UAH 266.249 million.
According to the data of the National Bank of Ukraine (NBU), the second position in the list of profit-making banks was taken by Raiffeisen Bank Aval (UAH 4.858 billion), and the third by FUIB (UAH 4.188 billion). According to the results of 2021, the subsidiary of the Russian Sberbank IR Bank (UAH 3.897 billion) is in the fourth position, and Ukrgasbank is in the fifth position (UAH 3.82 billion).
According to the central bank, Unex Bank (UAH 50.355 million) ranked second among loss-making banks, BTA Bank (UAH 32.085 million) ranked third, Ukrainian Bank for Reconstruction and Development fourth (UAH 27.928 million) and Alpari Bank fifth (UAH 6.12 million).
During this period, 66 out of 71 banks operating in Ukraine saw profit.
According to the statistics of the National Bank, in terms of total assets, PrivatBank (UAH 582.851 billion) retained the first place in the ranking in 2021 (UAH 582.851 billion), Oschadbank (UAH 249.938 billion) was second, Ukreximbank was third (UAH 210.029 billion), and Ukrgasbank was fourth (UAH 130.817 billion) and Raiffeisen Bank Aval fifth (UAH 133.651 billion).

, ,

PRIVATBANK PAYS EUR 9 MLN MORE TO VICTIMS OF NAZISM

State PrivatBank (Kyiv) from December 24 began paying the next tranche in the amount of EUR9 million to victims of the Holocaust, in particular to former concentration camp prisoners and survivors of the German occupation, PrivatBank said on Tuesday.
According to the message, funds can be received in cash at any bank branch in cities and regions of Ukraine.
The press service recalled that PrivatBank has been making such payments since 2014 and is the only agent bank authorized by the government of the Federal Republic of Germany to pay compensation to victims of Nazism on the territory of Ukraine within the framework of the Claims Conference company.
On December 18, 2016, the government of Ukraine, referring to the proposal of the NBU and former shareholders of PrivatBank, the largest of which at that time were Ihor Kolomoisky and Hennadiy Boholiubov, decided to nationalize this largest financial institution on the Ukrainian market and injected over UAH 155 billion into its capital.
According to the statistics of the National Bank of Ukraine, as of October 1, 2021, in terms of total assets, PrivatBank was ranked 1st (UAH 550.328 billion) among 71 banks operating in the country.

, ,