In the first quarter of 2021, PrivatBank’s profit amounted to UAH 2.4 billion, which is 4.3 times less than in the same period last year (UAH 10.4 billion). This was reported on the bank’s website.
“Changes in the world economy and Ukraine’s economy, first of all, the growth of yields on long-term US government treasury securities and the strengthening of the hryvnia led to a negative result in the first quarter of the revaluation of indexed domestic government bonds received as a contribution to the bank’s share capital “, – it is told in the message.
Thus, the bank’s losses due to the revaluation of capital IGLBs in the investment portfolio of the financial institution amounted to UAH 6.8 billion, while the bank’s profit from business activities amounted to UAH 8.5 billion, and from the revaluation of the currency position – UAH 500 million.
PrivatBank’s net interest income increased by 20.7% to UAH 6.3 billion, while operating expenses remained at UAH 4.1 billion.
The bank’s net commission income increased by 15.2% to UAH 5 billion, due to an increase in the number of active customers of the bank by 6% to UAH 18.64 million.
The bank’s loan portfolio decreased by 4.7% to UAH 58.5 billion compared to the first quarter of last year.
Company Continues Strategic Expansion Adding New Service Capabilities, Talent, and Broadening Nearshore Footprint SAN JOSE, Calif.—January 5, 2023— GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today announced the acquisition of Hexacta, a Pan-Latin-America digital and data engineering company. The acquisition is part of GlobalLogic’s continued strategy to expand its offerings, and its […]
Last year, the global medical device market reached $532.62 billion, according to Mordor Intelligence. Ukrainian engineers are involved in the projects of key players, which occupy almost 10% of the market. This share can be estimated at 50 billion US dollars*. Domestic specialists create more than a hundred software solutions of various levels. These include […]
Новий власник Twitter Ілон Маск доручив інженерам попрацювати над перезавантаженням Vine, яке може бути готове до кінця нинішнього року. Про це повідомляє Axios. Зазначається, що інженерам компанії необхідно вивчити стару кодову базу відеосервісу, яка не змінювалася та не оновлювалася з моменту закриття, а саме з 2016 року, коли з’ясувалося, що майданчик не витримує конкуренції. Втім, одне з […]
Credit Agricole has been ranked first in the social responsibility rating of the banking sector, created by Standard-Rating based on the 2022 half-year results. The rating agency commended the bank’s contribution to the economy of Ukraine. The bank has paid UAH 100 million in taxes in advance, while issuing UAH 1.2 billion in loans under […]
From October 1, drivers must turn on the dipped headlights of the car outside the city. This helps to additionally mark the vehicle in conditions of low visibility within the autumn-winter period. GlobalLogic reminds about the importance of compliance with traffic rules and tells about the developments of Ukrainian engineers that affect road safety. In […]
Intellias, a global software engineering and digital consulting company, has announced the completion of its acquisition of Digitally Inspired, a fast growing, UK based peer, focusing on the Retail and eCommerce industry. “I am delighted to welcome the Digitally Inspired team to Intellias. It is symbolic that Intellias’ twentieth anniversary coincided with signing an agreement […]
3×4, a Web3 fundraising platform for non-profits, has been launched in Ukraine to bring innovative crypto & NFT fundraising to the rising number of social impact causes. 3×4 helps non-profit organizations to fundraise utilizing NFTs in collaborations with artists and brands while providing donors utility, revenue and transparency. The idea of 3×4 was born in […]
Shares of AT&T fell 5.8% on Tuesday, showing the largest one-day decline since June 11, 2020, when shares fell 6.1%. Shares of AT&T rose first on Monday, then fell in the second half of the trading session. The initial growth was due to positive assessments of the future merger agreement between AT&T WarnerMedia and Discovery […]
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Naftogaz states that in the first quarter of 2021 they received a net profit of UAH 12.6 billion against UAH 3.2 billion a year earlier. The group’s CFO Petrus van Drill said so. “I am pleased to announce that the net profit in the first quarter of 2021 is UAH 12.6 billion (unaudited preliminary result, […]
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Failure to meet the state budget expenditure plan in 2020 amounted to 68 billion hryvnias. This is the worst figure in the last five years, said the chairman of the Accounting Chamber Valery Patskan. “The volume of expenditures of every fourth budget program was changed by government decisions. At the same time, the amounts of […]
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In the new year Ukrposhta will invest in its development up to 500 million UAH. It is reported by the press service of the national postal operator, referring to the words of the CEO – Ihor Smilianskyi. According to the original source, in the new year the investment plan is going to be increased in […]
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BUSINESS TALKS, START-UP ALLEY AT #SUBF19 MAY 23 2019, KYIV TIME: 14:30-16:30 VENUE: PARKOVY CONGRESS AND EXHIBITION CENTER, KYIV, PARKOVA DOROGA 16A MODERATOR: BOHDAN SENCHUK, President of Swedish Business Association in Ukraine TOPICS FOR DISCUSSION: 1. ITC business partnership between Sweden and Ukraine; 2. Business climate in Ukraine: pros and cons to start, develop and […]
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Ukrainian Network of supermarkets Novus gets a new CEO in the person of Mark Petkevich. His predecessor, Ihor Landa is leaving the post. The new ruler of Novus Ukraine, which has held the position of executive director of the network since September 2015, will enter the status of the General on January 19 this year. […]
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The tripartite international project will be directed to the implementation of woods full state accounting and maintaining the state forest inventory. Kristina Yushkevich,acting chairman of the State agency of forest resources, held a meeting with the Michael Kharms director of Committee of the East European economic relations (Germany) and the Mikael Sutter representative of environmental […]
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More than the half of the American companies plan to reduce their office space because of the remote work will become a common option even after the end of the COVID-19 pandemic. This was reported by the Bloomberg, citing to the study by Cisco Systems. Agency interviewed 1,569 business leaders, employees of companies responsible for […]
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Japanese mobile operator SoftBank Group Corporation buys the british corporation – ARM Holdings Plc for 24.3 billion pounds ($ 32 billion). According to SoftBank, shareholders ARM Holdings could receive 1700 pence per share, which is 43% more than the value of the securities at the close of trading in London on Friday. Price of ARM shares […]
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According to the company’s reports, the net loss of the British oil and gas giant BP Plc., which belongs to shareholders, for the nine months of 2020 amounted to $ 21.663 billion against profit a year ago. In terms of shares, the diluted loss of BP amounted to $ 1.07 against a profit of $ […]
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Naftogaz of Ukraine signed a memorandum with the Polish PGNiG on joint development of fields in the western regions of Ukraine. This was reported by the press service of the NAC on Tuesday, March 30. Naftogaz CEO Otto Waterlander said the company had acquired strategic assets “that enable it to confidently declare the greatest hydrocarbon […]
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In the current 2017 the debt amount that is obligated to return Ukraine to the International Monetary Fund is $ 1 billion. Given the fact that the state at present is in anticipation of the next transfer of credit funds from the Fund, in fact, it will be “shifted from one pocket to other”. This […]
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Past 2016 marked by an active acquisition by Ukrainians a foreign real estate. Indicators rose threefold. This information is provided by investment portal In Venture. Despite the fact that Ukrainians were buying up actively real estate abroad in the past year, the newly acquired values can not be compared with the ratios of other countries. […]
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The eleventh object of the state enterprise Ukrspirt Zalozetsky distillery was sold for UAH 80 million. This was reported by the State Property Fund on Wednesday, December 2. It is noted that six participants competed in transparent bidding, as a result of which the starting price increased two and a half times – from UAH […]
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Shares of Alibaba, up 35.7% since the beginning of the year but down almost 8% this week, rose 5.3% during trading on Friday after China’s largest public company announced second-quarter results financial year 2021, which ended in September. Alibaba’s quarterly report was preceded by news of the termination of the IPO of financial technology company […]
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NBU gave the permission on 100% of shares purchasing of Com in Bank to the foreign investors. The representatives of National bank of Ukraine made the official statement. According to the source, Stefan Pinter, the chairman of GML Capital Fund, submitted the application for implementation of the transaction about the financial organisation assets acquisition two […]
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