The net profit of solvent banks in Ukraine in January-June 2019 amounted to UAH 31 billion, which is 3.7 times more than in the same period last year (UAH 8.3 billion), the NBU said on its Facebook page. The NBU pointed to three factors of growth in bank profits: a 20% increase in net interest … Read more
PrivatBank (Kyiv) will start selling its property with discounts, as well as at Dutch auctions through the electronic trading platforms LOT.PB and OpenMarket (SETAM state enterprise), the press service of SETAM has reported. “In the near future, such auctions will be held on objects agreed by the board of the bank,” the report says. According … Read more
The Court of Appeal in England and Wales on July 22 started considering PrivatBank’s appeal against the decision of the first instance on the discrepancy of the jurisdiction of the bank’s claim against the ex-owners, a source familiar with the case has told Interfax-Ukraine. “The hearings will last about five days,” he said. The interlocutor … Read more
The Kyiv Court of Appeals has recognized and granted permission to execute the decision of the International Court of Arbitration in Paris of November 26, 2018 to compensate Oschadbank (Kyiv) for more than $1.1 billion of losses caused by the annexation of Crimea by Russia. The court by its ruling dated July 17 of this … Read more
The transfer of Ukrsotsbank’s business to Alfa-Bank (both based in Kyiv) has completed in fact: Ukrsotsbank has around 6% of clients of the number of clients as of early 2017 left on its balance sheet, and the legal merger is expected this autumn, General Manager of the board of the Alfa-Bank banking group, Board Chairman … Read more
The international rating agency Fitch Ratings has affirmed the foreign-currency long-term issuer default ratings (IDR) of ProCredit Bank, Bank Credit Agricole and Pravex-Bank at “B-” and local-currency IDRs at “B” with a stable outlook, the agency has reported.
The National Bank of Ukraine on December 18 made a decision to terminate the banking license of Kyiv’s VTB Bank, a subsidiary of the eponymous Russian lender, the press service of the Individuals’ Deposit Guarantee Fund has told Interfax-Ukraine. “The Deposit Guarantee Fund made the corresponding decision based on the National Bank decision yesterday [on … Read more
The National Bank of Ukraine (NBU) has declared VTB Bank (Kyiv) insolvent, according to the website of the central bank. The corresponding decision was approved by NBU Board resolution No. 796-rsh/BT dated November 27, 2018. “Due to the decrease in liquidity of JSC VTB Bank and the subsequent deterioration of its financial state during the … Read more
Fitch Ratings has affirmed Ukraine’s PJSC CB PrivatBank’s (PB) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘B-‘. The Outlooks are Stable. According to a press release of Fitch, simultaneously, Fitch has affirmed the bank’s ‘b-‘ Viability Rating (VR) and upgraded the National Long-Term Rating to ‘AA(ukr)’ from ‘AA-(ukr)’. “PB’s Long-Term IDRs are aligned … Read more
There are currently no problem banks in Ukraine, Kostiantyn Vorushilin, the managing director of the Individuals’ Deposit Guarantee Fund, has said. “Today there are no problem banks. There are banks where there are supervisors. The NBU is thoroughly supervising all the banks. All the operations of all banks are being monitored … We monitor those … Read more