The chairman of the board of the state-owned PrivatBank (Kyiv), the largest by assets and net profit in the country, Gerhard Boesch, will leave the bank after three years of work, and the supervisory board has already started the process of selecting a new chairman. “Mr. Boesch will continue to fully perform his duties until … Read more
International rating agency Moody’s confirmed the long-term and short-term ratings of Privatbank, Oschadbank, Ukreximbank, Raiffeisen Bank, Taskombank, Vostok and Pivdenny banks in hryvnia and foreign currency at Caa3/NP. The agency also improved the outlook for long-term deposit ratings for all specified banks from negative to stable. “The confirmation of the long-term ratings of the banks … Read more
State-owned PrivatBank has announced its financial results for 2023, reporting a pre-tax profit of almost UAH 72.8 billion ($2 billion), more than double that of the previous year. The bank increased its net retail loan portfolio by 39% to over UAH 60 billion ($1.6 billion) and its net corporate loan portfolio by 23% to over … Read more
State-owned PrivatBank in the third quarter of 2023 again topped the list of banks with the highest net profit with an indicator of UAH 13.624 billion, followed by two more state-owned banks: Oschadbank – UAH 7.338 billion and the nationalized Sense Bank – UAH 3.441 billion. According to the data published by the National Bank … Read more
Ukraine’s banking sector in the first quarter (Q1) of 2023 posted a significantly high profit of UAH 34 billion ($920 million), with state-owned PrivatBank accounting for approximately half of the amount, according to the Banking Sector Review published by the National Bank of Ukraine (NBU) on May 18. These profits indicate that Ukraine’s banking sector successfully weathered the ongoing economic crisis … Read more
PrivatBank, one of Ukraine’s largest banks, posted a net profit of UAH 30.2 billion ($817 million) for 2022 – during the first year of Russia’s full-scale invasion, the bank said in a report on May 12. The bank’s financial statements were audited by an independent external auditor. According to the report, the bank’s dividends to be … Read more
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 … Read more
Moody’s Investors Service, on June 16 upgraded the ratings and assessments of six Ukrainian banks (as applicable: PrivatBank, Oschadbank, Ukreximbank, Raiffeisen Bank Aval, Pivdenny Bank, JSCB, Sberbank PJSC). Moody’s also revised the outlooks for the ratings of these six banks to stable from positive. The rating action follows Moody’s upgrade of Ukraine’s sovereign debt rating … Read more
Fitch Ratings has revised the outlooks on seven Ukrainian banks to stable from positive and affirmed their Long-Term Issuer Default Ratings (IDRs), the agency said on its website. “The affected banks are: Oschadbank, Ukreximbank, PrivatBank, Ukrgasbank, Credit Agricole Bank, ProCredit Bank, and Pravex-Bank,” it said. “Fitch has also revised the outlook on First Ukrainian International … Read more
The High Court of Justice handed down a public judgment in respect of and pursuant to the Partial Final Awards (the Awards) issued by the Tribunal on June 13, 2019 in the ongoing LCIA arbitration proceedings concerning the PrivatBank eurobonds issued in 2010 and 2013. This decision, which effectively upholds the Awards and the Tribunal’s … Read more