Three banks have legal proceedings  with the Creative

Three banks have legal proceedings with the Creative

18.02.2016 News

Three banks have legal proceedings  with the CreativeTwo state banks have filed a lawsuit against the Creative  regarding the reimbursement of debts.

In particular, Ukreximbank  wants to recover  57.71 million UAH and $ 7.84 million of arrears on the loan agreement dated November  17, 2008.

Also Oschadbank wants to compensate another $ 25.24 million.

In addition, Piraeus Bank ICB is trying to recover through the courts the debt on the loan of the “Creative”, PJSC, included in the same-name group.

According to informed sources, the bank went to court with a claim about $ 15.6 million of debt under the loan agreement dated October 27, 2011.

It will be recalled that, the total debt of the company to the banks amounted to 14.22 billion UAH. The main borrowers were Oschadbank (6.73 billion UAH), Ukrgasbank (2.04 billion UAH) and Ukreximbank (2.54 billion UAH). Among the creditors are also listed Landesbank Berlin, UniCredit Bank (Germany), UniCredit Bank (Czech Republic), Raiffeisen Bank (Czech Republic), Ukrsotsbank and others.

Creative Group is the second largest producer of sunflower oil in Ukraine. A year after 2012 when Creative almost tripled capacity for sunflower processing to 1.1 million tons per year, its revenue rose beyond $ 1 billion. The company has received the net profit in 2013 last time. In September, it was reported that 77% of the Creative group went over to the new owners, and in February 2016 the government allowed the Kernel agro-holding to buy from Ukrgasbank the right of claim to the oil extraction plant “Ellada”, which belongs to the Creative Group.

Source: agroportal.ua

Other articles

  • Apple was deprived of a monopoly on payments for applications
    News

    Apple was deprived of a monopoly on payments for applications

    Apple Inc, according to a lawsuit filed by Epic Games Inc., must allow mobile app developers to redirect users to alternative resources to pay for services in the App Store. The Wall Street Journal reported this. A 30% commission is now charged on each purchase. Judge Yvonne Gonzalez Rogers concluded that Apple’s practice was uncompetitive […]

  • The World Bank named the conditions for the tranche to Ukraine
    News

    The World Bank named the conditions for the tranche to Ukraine

    The World Bank will provide Ukraine with a second tranche of $ 350 million, but subject to certain conditions. WB Vice President for Europe and Central Asia Anna Bjerde told Interfax-Ukraine what exactly is expected from Kyiv. “The prospects for the second tranche of the Economic Recovery Development Policy Loan depend on maintaining an adequate […]

  • Swedish Tech Company Beetroot Expands With New Location in Mariupol
    News

    Swedish Tech Company Beetroot Expands With New Location in Mariupol

    September 13, 2021 — Stockholm, Sweden — Beetroot AB, the tech division of the Beetroot ecosystem, opens a new location in Mariupol, Ukraine. The company is currently accepting applications for over fifty software development vacancies in its international client projects.   In Mariupol, Beetroot will focus on building teams of tech specialists to work on a […]

  • Google has appealed France’s fine of half a billion
    News

    Google has appealed France’s fine of half a billion

    The American multinational corporation Google, fined in France for copyright infringement, has announced its intention to appeal the decision of the French regulatory authorities. This was announced on Wednesday, September 1, the chairman of the board of Google France Sebastien Missoff. “We do not agree with some legal nuances and consider the amount of the […]

  • The Ministry of Agrarian Policy announced the number of registered land agreements
    News

    The Ministry of Agrarian Policy announced the number of registered land agreements

    As of September 1, 11,499 agreements have been concluded within the land market. Poltava (2,873.6 ha) and Kharkiv (2,747.4 ha) regions are in the lead. This was reported by the press service of the Ministry of Agrarian Policy. It is noted that 4836 notaries have applied for access to the State Land Cadastre. A total […]

  • Metinvest has reduced its debts by half
    News

    Metinvest has reduced its debts by half

    In the first half of 2021, Metinvest earned $ 2.769 billion compared to a loss of $ 240 million a year earlier, according to the company’s press service. According to the financial report, as of June 30, the Group’s net debt decreased by 52% since the beginning of the year – to $ 1.016 billion, […]

  • A diamond processing plant is being sold in Ukraine
    News

    A diamond processing plant is being sold in Ukraine

    The State Property Fund of Ukraine has put the Vinnytsia diamond processing plant Crystal up for privatization auction for almost 90 million hryvnias. This is stated in the message of the Foundation. It is noted that the plant not only cuts and grinds precious stones, but also makes jewelry. They produce more than five thousand […]

  • The National Bank suffered billions in losses
    News

    The National Bank suffered billions in losses

    In the first half of the year, the National Bank suffered UAH 12 billion in losses, according to the central bank’s press service. In this regard, next year, according to the forecast, the NBU will transfer to the budget UAH 13.6 billion, which is 1.8 times less than this year (UAH 24.4 billion). It is […]

Read also

Three banks have legal proceedings  with the Creative
News

Visa reported the first decline in quarterly revenue and profit since Visa started to be public in 2008

Shares of Visa, which rose 4.7% since the beginning of the year and recovered almost all losses in February and March, which decreased after the publication of the financial report for the 3rd quarter, that ended on June 30. Income per share of Visa in the 3rd quarter decreased from 23% to $ 1.06, which, […]

Next
Three banks have legal proceedings  with the Creative
News

Alibaba Group buys South China Morning Post for $ 266 million

The largest Chinese company Alibaba Group announced the acquisition of the largest English-language printed edition in Hong Kong – South China Morning Post (SCMP). The agreement between two large companies estimated at $ 266 million. Representatves of companies told about the agreement on December 14, 2015. All details of the agreement are kept in a […]

Next
Three banks have legal proceedings  with the Creative
News

Ford will invest $ 4.5 billion in the creation of electric cars

The car company plans to increase the production of electric and hybrid cars, and in the coming years will be actively engaged in developing new models. Leaders of  Ford Motor Company announced that they plan to invest in the production of electric and hybrid vehicles $ 4.5 billion. The CEO of the company  Mark Fields […]

Next
Three banks have legal proceedings  with the Creative
News

The retail market of Ukraine demonstrates faint signs of life: others have been in Top for a long time

In the retail market development in Ukraine and the world retail market there is radical alterity. While the latter is actively developing, Ukrainian began to show some improvements only in 2016. On the prospects of the global sector and the domestic situation shed light Ukrainian company Deloitte, which provides audit areas, tax, consulting and corporate […]

Next
Three banks have legal proceedings  with the Creative
News

Volvo was dropped from a height of 30 meters

Volvo dropped several cars from a height of 30 meters for crash tests. According to the automaker, such tests are very important for training rescue services. Volvo lifted the cars to a height of 30 meters with a crane, and then smashed them several times. Such a test allowed to simulate damage to cars at […]

Next
Three banks have legal proceedings  with the Creative
News

The media named a way to circumvent EU restrictions for NS-2

Gazprom can circumvent European restrictions on the Nord Stream-2 gas pipeline through a contract for gas supplies to the German market, which it has concluded with the Austrian company OMV. As we know, the EU gas directive requires half of the capacity of gas pipelines to be provided to independent suppliers. Except for routes for […]

Next
Three banks have legal proceedings  with the Creative
News

UIA changed its profit to a loss in the year of the corona crisis

UIA, the largest airline, suffered UAH 4.5 billion in losses last year, compared to UAH 1.6 billion in profit a year earlier. It is said in a statement. It is noted that in 2020, UIA’s assets decreased from UAH 14.9 billion to UAH 9.2 billion, total receivables increased to UAH 1.619 billion from UAH 969 […]

Next
Three banks have legal proceedings  with the Creative
News

For the development of the Nika-Tera was invested 235 million UAH.

In the structure of total turnover in 2015 was dominated transshipment of grain crops – 55.3% (2.32 million tons). Total the terminal transshipped 4.2 million tons. Marine Terminal “Nika-Tera” handled 236 ships in 2015, overloaded 4.2 million tons of cargo, – reported AgroTimes. “The volume that we had planned to port transshipment in 2015, carried […]

Next
Three banks have legal proceedings  with the Creative
News

The largest producer of chicken meat received $8 million losses

As Interfax-Ukraine reported, Mironivsky Hliboproduct Agricultural holding   finished the third quarter 2016 with the net loss of $8 million against $24 million a net profit last year. Following the results of nine months the net profit of the company  is constituted $86 million The Mironivsky Hliboproduct Agricultural holding (MHA)  has received 8 million dollars […]

Next
Three banks have legal proceedings  with the Creative
News

AstraZeneca will cut supplies of COVID vaccines to the EU

AstraZeneca has cut its forecast for COVID vaccine shipments to the European Union in the first quarter of 2021 to 30 million doses, a third of its contractual obligations, as well as a quarter reduction from last month’s obligations. The agency writes that the deficit will be the next blow to the EU’s vaccination plans, […]

Next
Three banks have legal proceedings  with the Creative
News

The German publisher is buying the Politico website for a billion dollars

The German publishing holding Axel Springer will purchase the Politico policy site. This was reported by the press service of Axel Springer. The holding has signed an agreement with the founder and publisher of Politico, Robert Allbritton, to acquire the American company Politico and the news website Protocol, which specializes in the technology sector. The […]

Next
Three banks have legal proceedings  with the Creative
News

Nika-Tera froze the 40 million UAH investment project

Due to the actions of the prosecutor ‘s office in  Mykolayiv region  the Sea specialized port Nika-Tera has frozen a large investment project of 40 million UAH. At the same time the city budget of  Mykolayiv has lost a considerable amount of lease of the water fund lands. This was stated by the chairman of […]

Next
Three banks have legal proceedings  with the Creative
News

Ukrgazvydobuvannya reduced profits by almost four times

In 2020, the state gas company Ukrgazvydobuvannya reduced its net profit by 3.8 times, or 14.1 billion hryvnias to 4.95 billion hryvnias compared to 2019, according to the company’s website. “Although last year due to the situation on the gas market, economic crisis and pandemic, our capital investments decreased almost one and a half times […]

Next
Three banks have legal proceedings  with the Creative
News

The IFC Corporation invests in the Ukrainian agricultural sector about $ 300 million

The head of the representation of the IFC said that the company annually invests approximately $ 200-300 million in the Ukrainian agriculture. This year the amount will remain the same. At this stage, the corporation, as a long-term investor, has suspended its capital investment. This year not many people risked to make serious long-term investments. […]

Next
Three banks have legal proceedings  with the Creative
News

CISOLAR 2019 submit new opportunities for developing solar energy in Central and Eastern Europe

On April, 16-18 in Kyiv will be held the main business event of region in solar energy field devoted to latest technology, trends and investments opportunities – CISOLAR 2019, 8th International Solar Energy Conference and Trade Show of Central and Eastern Europe. Today solar energy development is one of priority areas for investors in the […]

Next
Three banks have legal proceedings  with the Creative
News

Airbnb intends to raise $ 1 billion from the initial public offering

The American company Airbnb, which is the operator of the rental service of the same name, expects to raise $ 1 billion through an initial public offering (IPO). This is stated in a statement posted on Monday on the website of the Federal Securities and Exchange Commission. The company clarifies that its plans are “preliminary […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com