Oschadbank signs the pact with EBRD for € 50 m

Oschadbank signs the pact with EBRD for € 50 m

25.11.2016 News

By the information of Interfax-Ukraine, the state  Oschadbank and the European Bank for Reconstruction and Development have signed the memorandum of the association about corporate management state bank support on the 25th of November 2016. The parties also have concluded the memorandum about supporting of 50 million euros due to a trade financing program.

As Oschadbank reported,the aide-memoire had been signed by Andrew Pyshnyi, the CEO, Aleksandr Daniluk, the Ministry of finance of Ukraine which was  the one party and  Francis Malige, the CEO of EBRD in South Europe and Caucasus, which was the another party.

According to memorandum conditions, Oschadbank will receive a complex package of technical support from the EBRD. At the first stage it will be directed on micro- small and medium business, the centralization and departments network optimisation, risk management and compliance.

According to information of EBRD, the project is implemented within the scope of  the wider efforts which were directed on  commercialization and preparation of Oschadbank for the subsequent privatisation. It is included in state banks reforming programs which authority of Ukraine has created and realised.

Read alsoEBRD reduces its financing to Ukrainian economy

Other articles

  • Ukroboroonprom put up for sale 17 companies
    News

    Ukroboroonprom put up for sale 17 companies

    The state concern Ukroboronprom transferred 15 state-owned enterprises and corporate rights to two joint-stock companies to the State Property Fund. They have lost their significance for the country’s defense capabilities, according to the concern’s press service. “Ukroboronprom’s enterprises, which were included in the list for alienation, de facto lost contact with the defense-industrial complex for […]

  • The “pipe of Medvedchuk” has a new director
    News

    The “pipe of Medvedchuk” has a new director

    The National Agency for the Detection, Investigation and Management of Corrupt Assets (ARMA) has identified Ukrtransnafta as the winner of a tender to manage the seized part of the Samara-Western Direction main oil pipeline. It is noted that only two participants took part in the competition, as competition in this market is limited. “The winner […]

  • Yanukovych Jr.’s bank was liquidated
    News

    Yanukovych Jr.’s bank was liquidated

    The Deposit Guarantee Fund approved the liquidation procedure, which lasted six years. Now the financial institution is officially considered liquidated. PJSC All-Ukrainian Development Bank (VBR), which belonged to the son of fugitive ex-president Oleksandr Yanukovych, was liquidated as a legal entity. The process has been going on since 2015, according to the press service of […]

  • Why it is worth investing in pharmaceuticals, — Dmytro Shymkiv’s opinion
    News

    Why it is worth investing in pharmaceuticals, — Dmytro Shymkiv’s opinion

    Traditionally, it is considered that the shares of pharmaceutical and biotech corporations are effectively protected from the global financial crises. The asset growth inevitably accompanies any, even insignificant, success of drug manufacturers. And the pandemic period has caused an unprecedented wave of investments in the pharmaceutical business. Due to Dmytro Shymkiv’s explanation, the head of […]

  • Ukrzaliznytsia’s annual loss amounted to almost 12 billion
    News

    Ukrzaliznytsia’s annual loss amounted to almost 12 billion

    According to the results of last year, Ukrzaliznytsia received a net loss of UAH 11.9 billion against a profit of UAH 2.988 billion a year earlier. This is stated in the company’s financial report. The company states that the financial result was significantly affected by a decrease in revenues from freight and passenger traffic – […]

  • The decline of Ukraine’s economy accelerated in February
    News

    The decline of Ukraine’s economy accelerated in February

    In the first two months of 2021, GDP fell by 2.8%, while in January the decline was estimated at 2.6%. This is stated in the review of the Ministry of Economy Thus, the reduction of the Consolidated Index of Production of Goods and Services by Main Economic Activities amounted to 4.2% (4% in January). Almost […]

  • Aircraft sales at Boeing are growing for the second month in a row
    News

    Aircraft sales at Boeing are growing for the second month in a row

    In March, the American aerospace corporation Boeing delivered to customers 29 aircraft comparing to 20 in March last year. The company has maintained positive dynamics for the second month in a row, Reuters reported the day before. In the first quarter, Boeing delivered 77 aircraft against 50 a year earlier. Also in late March, the […]

  • In 2021, sales of NFT tokens will increase
    News

    In 2021, sales of NFT tokens will increase

    In the first quarter of 2021, sales of digital intangible tokens increased to two billion dollars. This was reported by CNBC, citing information from the analytical platform NonFungible.com Compared to the previous, fourth quarter of 2020, when NFT tokens were sold for $ 93 million, sales increased 20 times. In addition, in early 2021, there […]

Read also

Oschadbank signs the pact with EBRD for € 50 m
News

Google is changing the algorithms for tracking user activity

The American company Google on Wednesday, March 3, announced its intention to abandon tracking the individual activity of users. Instead, the Internet giant will introduce new technologies that protect users’ privacy and allow advertising to be targeted without gathering information about them. “People don’t have to accept that their online activity is tracked to benefit […]

Next
Oschadbank signs the pact with EBRD for € 50 m
Analytics

Development trends and structure of the pharmaceutical business of Ukraine

Does Ukraine tend to the trends of world markets in the development of pharmacy networks? Is this business segment is highly refrained? How do it`s network profits are generated – at the expense of price indicators or through the expansion of the network in as many regions as possible? Statistics According to the consulting company […]

Next
Oschadbank signs the pact with EBRD for € 50 m
News

Coca-Cola cannot produce kvass in Ukraine during the next two years

The Antimonopoly Committee of Ukraine ordered the Irish “daughter” of Coca-Cola to refrain from the competing with the “Kvass Beverages” company, which it  sold to the Nova Intertrade Ltd company (Belize) for two years. “The European Refreshments company undertakes not to exercise, not to have a stake, and not to contribute to competitive activity in […]

Next
Oschadbank signs the pact with EBRD for € 50 m
News

The court arrested the “Fozzy-Food” accounts, because of the underestimation of VAT

The Solomensky District Court of Kiev had arrested the “Fozzy-Food” accounts (Vishneve, Kyiv region) due to the underreporting by the officials of the value added tax. This is stated in the definition of the Court of 18 May, says the Ukrainian News. The Solomenskiy District Court of Kyiv has received a request for the seizure […]

Next
Oschadbank signs the pact with EBRD for € 50 m
News

Ukrainian IT-company GOS Systems enters the world market

In 2015, the Ukrainian IT – industry has proved to be one of the most profitable invested by the West. Despite the difficult economic and political processes in the country, the domestic business is developing and coming out to the world market. Recently, the domestic company GOS Systems reported that it launches the project in […]

Next
Oschadbank signs the pact with EBRD for € 50 m
News

NBU declared Avant-Bank bankrupt

National Bank of Ukraine (NBU) classified Avant-Bank (Kyiv) as insolvent. The decision approved by the Decree №44 of January 29, 2016, presses the service of the National Bank. NBU explained the decision as the shareholders of the bank have no “clear plans for the replenishment of the bank’s liquidity and default of customers’ operations within […]

Next
Oschadbank signs the pact with EBRD for € 50 m
News

The Cabinet of Ministers has changed the terms of the available loans

The Cabinet of Ministers has made changes to the Affordable Loans program of 5-7-9%. This was reported by the press service of the Ministry of Finance. In particular, the maximum level of annual income of enterprises was raised to the equivalent of 10 million euros, and the current requirement for the mandatory business profitability has […]

Next
Oschadbank signs the pact with EBRD for € 50 m
News

Ukrainian Audit Service has found violations by almost 35 million UAH in 2016 in Kirovohrad region

Over the past year the delegates of Ukrainian Audit Service in Kirovohrad region conducted 65 testing procedures and found deviations from the financial and budgetary order in the amount of more than 34 million UAH. As a result, it provided compensation of faults that provoked leakage of financial and material resources in the amount of […]

Next
Oschadbank signs the pact with EBRD for € 50 m
News

Odessa Port Plant receives a new manager?

Direction of LLC Development Construction Holding (DCH), whose president is Oleksander Yaroslavskyi, is considering to lease the OPP instead of the acquisition of assets of this PJSC, reported Zn.ua. In an official statement of OPP representatives was indicated that they appealed to the State Property Fund of Ukraine in order to initiate an open competition […]

Next
Oschadbank signs the pact with EBRD for € 50 m
News

The National Bank of Ukraine has liquidated the Soyuz bank for the systematic violation of the law

The National Bank of Ukraine (NBU) has decided to revoke the banking license and eliminate the Soyuz  bank. It is reported by the National Bank press service. The liquidation of the bank will be held under the compact procedure due to violations in the sphere of financial monitoring legislation, –  noted in the NBU. “The […]

Next
Oschadbank signs the pact with EBRD for € 50 m
News

The resumption of tourism in New York is expected only in 2024

The resumption of the number of tourists in New York is possible after the vaccination process begins in 2021, said the head of the New York Department of Tourism Fred Dixon. This was reported by CNN with reference to the forecast of the New York Department of Tourism. “Given the uncertainty of the prospects for […]

Next
Oschadbank signs the pact with EBRD for € 50 m
News

Shares of cruise company Royal Caribbean rose on 10% against of the background of optimistic forecasts

Shares of cruise company Royal Caribbean, which decreased by 57% since the beginning of the year, rose for the last quarter and closed with an increase of 10% to $ 57.31 per share on Monday after the publication of the financial results of the second quarter. Investor`s optimism is based on Royal Caribbean management’s statements […]

Next
Oschadbank signs the pact with EBRD for € 50 m
News

Allseeds contests in court the decision of the Odessa Regional State Administration

Allseeds Group of companies, contests in court decisions of the Odessa Regional State Administration and the Vizirskyi  village council (Odessa region) about  the allocation of lands for berths of “Energy Products Co., Ltd.” (Odessa) in the”South”  Port, – it is reported by “Interfax-Ukraine”. “We were asking the Odessa regional administration and local authorities to allow […]

Next
Oschadbank signs the pact with EBRD for € 50 m
News

Musk called the new date of flight Starship spacecraft into orbit

The American company SpaceX will launch the first Starship spacecraft into Earth orbit, most likely in 2021. It said its founder Elon Musk, speaking at a video conference on the problem of human flight to Mars, according to TASS on Tuesday, September 1. Mask was asked when the first test flight of Starship into orbit […]

Next
Oschadbank signs the pact with EBRD for € 50 m
News

SFGCU initiates a revision of the credit rate

According to Interfax-Ukraine, the  State Food and Grain Corporation of Ukraine  (SFGCU) will initiate a rate decrease. The Eximbank of China  issued the credit to the corporation under Ukraine state guarantees in the amount of 1,5 milliard dollars in 2012. Oleksandr Hryhorovych, the acting CEO of SFGCU said: “We work on the very important issue. […]

Next
Oschadbank signs the pact with EBRD for € 50 m
News

Exxon Mobil announces record depreciation of its gas assets by $ 20 billion

The American oil and gas giant Exxon Mobil had one of the worst years in its history. Exxon shares have fallen by 45.36% since the beginning of 2020. The company has lost money for three quarters in a row, and in August they were excluded from the benchmark index of “blue chips” Dow Jones Industrial […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com