The number of transfers through the international financial service NovaPay in the first quarter of 2024 reached 96 million, which is 18% more than the same period in 2023, the company’s press service reported on Wednesday. It is indicated that UAH 66.1 billion of transactions passed through the NovaPay system in January-March this year, which … Read more
Ukrainian Exchange (UX, Kyiv) appealed to the board of directors of Freedom Holding Corp., the owner of 70% of whose shares, Timur Turlov, is included in the Ukrainian sanctions lists, with a request to urgently consider the possibility of donating the 24.2651% stake in UX owned by Freedom Holding to the state of Ukraine and … Read more
The National Bank of Ukraine (NBU) canceled Elaens Financial Company LLC (TM Fondy) registration as an indirect participant in the Visa and MasterCard international payment systems, NBU message wrote on its site. The decision was made in connection with the financial company’s risky activities threating Ukraine’s national security after NBU received information about FC Elaens activities … Read more
Ukrainian banks have stopped shrinking their branch networks, which was caused by the full-scale invasion and temporary occupation of the territories, the National Bank of Ukraine reported on Telegram on April 22. This trend has been consolidated, as the number of branches has not changed significantly for more than a year. The largest number of … Read more
The network of structural divisions of Ukrainian banks, which for the first time since the beginning of the war grew by 40 divisions in the fourth quarter of 2023, lost 30 points in the first quarter of 2024, shrinking to 5,108 divisions. According to information published by the National Bank (NBU), this result is mainly … Read more
Payment service providers, merchants and clients suffered UAH 833 million in losses from illegal actions with payment cards over the past year, which is 73% higher than the figure for 2022, the National Bank of Ukraine (NBU) reported on Tuesday. The number of cases of financial fraud in 2023 grew by a quarter, to 272,000 … Read more
The share of non-performing loans (NPL) in the banking sector as of March 1, 2024 decreased to 36.59% from 36.75% in February, mainly due to a decrease in problem loans to individuals by 0.45 percentage points (p.p.), to 22.35%, according to data from the National Bank of Ukraine (NBU). The volume of loans in February … 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
In 2023, Ukrainian banks produced almost ₴160B in pre-tax profit, 100% more than before the start of the full-scale invasion. Banks will have to pay a tax of half their total profit – more than ₴73B. At the same time, the profit is still 12% higher than before the start of the full-scale invasion. At … Read more
ABH Holdings SA (ABHH), which owned Sense Bank (Kyiv) before its nationalization, in connection with press reports about the potential privatization and transfer of the bank to a third-party investor, says that it will consider any such transfer as the sale of stolen property. “ABHH unequivocally warns potential buyers or recipients of Sense Bank or … Read more