Business news from Ukraine

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.

FLIXBUS STARTS SELLING TICKETS VIA PRIVATBANK

Bus operator FlixBus has started selling tickets via the state-owned PrivatBank (Kyiv), the press service of PrivatBank said on Tuesday.
According to the press release, tickets, in particular, can be bought using the Privat24 mobile app and the Privat24 web interface, as well as at the bank’s cash desks and via self-service terminals. At the same time, using the bank’s ticket services, you can book any FlixBus ticket to 34 European countries, as well as Turkey and the United States.
After payment, the customer will receive an online ticket to the passenger’s email, which will also be available in the Privat24 app, as indicated in the message.
The bank said that the PrivatBank bus ticket sales service was launched in 2010, currently tickets can be bought via 13,000 terminals or at one of the bank’s 2,500 offices throughout Ukraine.
According to PrivatBank, more than 460,000 people have already used the service since April 2017.
FlixBus, that offers bus transportation in Europe and the U.S., was founded in 2013. It works on a partnership model with regional bus carriers who provide their buses and route documents, while FlixBus deals with sales, marketing and schedule management.

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PRIVATBANK CONTINUES TO TOP LIST OF PROFITABLE UKRAINIAN BANKS

State-controlled PrivatBank in January-August 2020 continues to top the list of profitable Ukrainian banks with a financial result of UAH 18.39 billion, while the largest loss since April 2020 has been recorded by state-owned Ukreximbank (UAH 1.88 billion), according to the data on the website of the National Bank of Ukraine (NBU).
According to the report, Oschadbank ranked second among the most profitable banks in Ukraine as earlier (UAH 4.44 billion), Raiffeisen Bank Aval ranked third (UAH 2.7 billion), as before, FUIB ranked fourth (UAH 1.85 billion), and OTP Bank ranked fifth (UAH 1.31 billion).
The second position in the list of the most unprofitable banks in January-August continues is occupied by Prominvestbank (PIB, UAH 726.4 million), and Bank Arcada moved to the third position (UAH 444.63 million), which from August 25 was declared insolvent and from September 24 is under liquidated.
Bank Credit Dnipro (UAH 177.19 million) moved from the third to fourth position in the list of the most unprofitable banks, and Pravex Bank (UAH 116.03 million) moved from fourth to fifth, according to the National Bank’s statements.
In the eight months of 2020, solvent banks in Ukraine received UAH 32.64 billion of net profit, which is 26.3% less than in the same period of 2019 (UAH 44.29 billion), in particular state banks declared UAH 21.63 billion (66.3% of profit), banks with foreign capital UAH 7.6 billion (23.3%) and with private capital some UAH 3.41 billion (10.4%).
During this period, 61 out of 75 banks operating in Ukraine were profitable, according to the NBU data.

STATE-CONTROLLED PRIVATBANK REMAINS MOST PROFITABLE UKRAINIAN BANK

State-controlled bank PrivatBank in January-July 2020 continues to top the list of profitable Ukrainian banks with a financial result of UAH 16.2 billion, while the largest loss since April 2020 has been recorded by state-owned Ukreximbank (UAH 2.24 billion), according to data posted on the website of the National Bank of Ukraine (NBU).

According to the report, the second position in the list of the most profitable Ukrainian banks continued to be occupied by Oschadbank (UAH 4.32 billion), the third by Raiffeisen Bank Aval (UAH 2.46 billion). The fourth is still FUIB (UAH 1.5 billion), the fifth is OTP Bank (UAH 908.94 million), which climbed two steps, having received UAH 319.78 million of net profit in July.

In terms of losses in July, the list did not change: in the seven months of 2020, Prominvestbank ranked second (PIB, UAH 330.93 million), Credit Dnipro Bank ranked third (UAH 184.42 million), Pravex Bank ranked fourth (UAH 99.86 million), BTA Bank ranked fifth (UAH 67.17 million), according to the central bank’s statements.

In the seven months of 2020, solvent banks in Ukraine received UAH 28.39 billion of net profit, which is 23% less than in the same period of 2019 (UAH 36.73 billion).

During this period, 58 out of 75 banks operating in Ukraine were profitable, according to the NBU data.

According to the regulator’s statistics, in the seven months of 2020 in terms of total assets PrivatBank retained the first place in the rating (UAH 585.21 billion), Oschadbank ranked second (UAH 275.82 billion), Ukreximbank ranked third (UAH 239.05 billion), Ukrgasbank ranked fourth (UAH 163.13 billion), and Raiffeisen Bank Aval ranked fifth (UAH 104.17 billion).

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