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.
SoftServe is expanding its presence and opening new office spaces in four cities — Vinnytsia, Khmelnytskyi, Uzhhorod, and Odesa. They are available for 250 people working in these regions as well as other employees. The coworking in Vinnytsia where SoftServe has around 50 employees is already fully operating. Odesa is the next — office space […]
COMBINE ROAD AND COMFORT Shell is launching a new coffee brand Shell Café all over Central and Eastern Europe (CEE) (to replace […]
Radisson Hotel Group is proud to be the world’s first hotel group to make all meetings and events across 400+ hotels in its EMEA portfolio carbon negative. For every event taking place at its participating hotels, Radisson Hotel Group will offset double the carbon footprint, to ensure that every meeting has a positive impact on […]
During trading on Monday, October 11, the price of a barrel of Brent oil rose by 2% to $ 84.01. She reached this mark for the first time since October 2018. US WTI oil rose by $ 1.62 to $ 81.3 – the highest price since 2014, according to Reuters. It is noted that Brent […]
The agreement on a single corporate tax rate of at least 15 percent was signed by 136 states, which account for more than 90 percent of world GDP. The agreement is aimed at combating tax evasion by international corporations. The initiative was also signed by countries that were initially opposed to tax reform, such as […]
The savings of Ukrainian citizens outside the banking system are estimated at $ 30-35 billion. This estimate was given by the chairman of the National Bank Kyrylo Shevchenko during the Kyiv Economic Forum. There are different estimates of the “gray” economy. We in the National Bank believe that this is up to 30% of GDP. […]
During the week, the National Bank of Ukraine bought $ 228 million on the interbank foreign exchange market. At the same time, the central bank did not sell currency on the interbank market. So the NBU continued to buy currency on the interbank market, the bank increased it compared to last week ($ 15 million) […]
The new Tesla factory in Berlin may release the first electric cars next month. CEO Elon Musk stated this. Speaking at the plant, Musk said he hoped to get the green light to begin production in the coming weeks. The last consultation on public concern about the plant ends on October 14, after which the […]
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 […]Next
During the last working week, the National Bank of Ukraine bought $ 20 million on the interbank foreign exchange market. At the same time, the central bank did not sell currency on the interbank market. The press service of the NBU announced this on Friday, October 1. Thus, the National Bank continued to buy currency […]Next
German automaker Daimler AG and its US subsidiary Mercedes-Benz have agreed to pay $ 1.5 billion to the US government and California regulators as part of a friendly settlement of a dispute over the manipulation of data on the content of a harmful substances in the exhaust gases of the company’s diesel engines. This stated […]Next
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 […]Next
Darnytsia launches five types of drugs for the treatment of cardiac, neurological, gastroenterological and respiratory diseases. This was reported by the company’s press service. So, in March, a drug for the treatment of dementia Memtek was introduced. It is produced for Darnytsia in the European Union. It is noted that the acceleration of the release […]Next
Poland and Denmark have solved problems related to the construction of the Baltic Pipe gas pipeline. The representative of the Polish government on strategic energy infrastructure Petro Naimski announced this on Polish Radio. “An agreement has been reached and work has resumed,” he said. Currently, the laying of 100 km of offshore section of the […]Next
The financial conglomerate BNP Paribas (headquartered in Paris) acquired indirectly 11.42% of the British JKX Oil&Gas, which owns the Poltava Petroleum Company. This is stated in the message of the JKX Oil&Gas reported on the London Stock Exchange. The owner of the package of the JKX at a rate of 11,42% became the British company […]Next
The American corporation The Walt Disney Company has announced the forthcoming closure of the animated studio Blue Sky Studios, which has created a number of world-famous cartoons. Bloomberg announced this on Tuesday, February 9, citing a company statement. “Given the current economic situation, after much deliberation and evaluation, we have made a difficult decision to […]Next
The State Administration of Market Control on Saturday, April 10, announced a fine of 18.22 billion yuan ($ 2.78 billion) from Alibaba for antitrust violations. This is stated in a statement published on the regulator’s website. “Impose a fine of 4% of the company’s domestic sales for 2019 of 455.712 billion yuan, which is a […]Next
INTENDED POTENTIAL Each country possesses certain positive qualities that enable it to compete for investment when attracting foreign capital. These can be natural resources, geopolitical features, the legal system, level of production, technological and cultural development, etc. Since Ukraine has declared its independence, a certain rating of its investment attractiveness potential has also emerged. Land […]Next
The total wealth of all dollar millionaires in the world in 2020 increased by 7.6% and amounted to $ 79.6 trillion. The international consulting company Capgemini SA in the annual World Wealth Report reported this. At the same time, the number of wealthy people (high-net-worth individual, HNWI) increased by 6.3% to 20.8 million people. The […]Next
Created by Bill Gates, Microsoft third time topped the annual ranking of the 100 most responsible US corporations. This was announced by Forbes on Wednesday, October 14. Also in the top five of the updated list, in addition to Microsoft, included only technological giants – NVIDIA, Apple, Intel Alphabet. “Forbes compiled the rating together with […]Next
Due to the elimination of corruption patterns in the energy sector, the State Treasury has saved 140 billion UAH. On this figure notified the head of the government of Ukraine Volodymyr Hroisman in an interview to the national news agency Ukrinform. According to the Prime Minister the compensations for Naftohaz and LMKP Teplokommunenergo were hundreds […]Next
The state corporation Saudi Aramco is preparing to place dollar Eurobonds, a source in banking circles said. According to him, the company is considering the possibility of placing up to five tranches of Eurobonds: with a maturity of three years, five years, ten years, as well as thirty and / or fifty years. Starting on […]Next
Facebook founder and CEO Mark Zuckerberg is considering how to reduce the amount of political content in the social media news feed. “People don’t want politics and the struggle to dominate while using the social network,” Zuckerberg said. According to him, the company will forever stop the recommendations of groups dealing with political issues. Earlier, […]Next
The new Ukrainian low-cost carrier Bees Airline registered its first two aircraft in Ukraine – a Boeing 737-800. “This is a Boeing 737-800 with flight numbers of the Ukrainian register UR-UBA and UR-UBB. The State Aviation Service issued registration certificates for them on February 22 and 23, 2021,” the statement reads. It is noted that […]Next