Bank Arkada was declared insolvent due to a reduction in capital. The head of the National Bank Kyrylo Shevchenko spoke about the reasons for the bank’s withdrawal from the market on Wednesday, August 26.
“The reason for withdrawing the bank from the market is to reduce the capital ratio to less than one third of the minimum level. In the morning the bank introduced a temporary administration, “- he said.
The head of the central bank assured that the measures taken are not related to the coronavirus pandemic, the reduction of business activity.
“The bank’s problems arose due to the loss of the asset. These are buildings and a plot of land located on Olhynska Street. Last year the bank Arcade gave this building as a pledge to a relative, and recently the creditor collected this property for late service of the debt. As a result of the loss of such a large asset, the bank’s capital became negative, and the NBU was obliged to declare it insolvent, “Shevchenko said.
He also said that the regulator has asked law enforcement officers to check the actions of officials of the bank.
By the end of this year, the German airline Lufthansa intends to reduce its foreign staff by 20 thousand people, as well as sell its LSG division, which deals with on-board catering, which employs 7.5 thousand people. Lufthansa subsidiaries Eurowings, Swiss, Austrian and Brussels Airlines are reducing the frequency of flights, fleets and staff amid […]
The Supreme Court declared Astra Bank insolvent, the press service of the National Bank reports. By its decision, the Supreme Court overturned the decisions of the Kyiv District Administrative Court and the Sixth Administrative Court of Appeal, which found the central bank’s actions illegal. The NBU reminded that Astra Bank is the only bank that […]
The National Bank did not go out this week with interventions on the interbank market, according to the press service of the regulator on Friday, November 27. The Central Bank has been refusing to buy or sell currency for three weeks in a row. At the same time, since the beginning of the year, the […]
The fall of the hryvnia will not happen again in the event of a full lockdown, as in March, assured the director of the open markets department of the National Bank Oleksiy Lupin. “We do not expect a repeat of the March events in the foreign exchange market, because in March it was something new, […]
The court satisfied the claim of the state-owned PrivatBank to Agroterminal and decided to collect UAH 1 billion in debt from it as a guarantor of Boryvazh. This is stated in the decision of the Commercial Court of Odessa region. According to court materials, PrivatBank terminated the loan agreement due to the debtor’s breach of […]
Shares of General Motors, down by 3.7% since the beginning of the year, rose by 3.9% in trading after the company announced the results of the 3rd quarter, which ended on September 30. General Motors reported earnings per share increase of 65% to $ 2.83, which was higher than analysts expected $ 1.38. The amount […]
Shares of Peloton, which rose nearly 346% since the beginning of the year, rose 2% during trading on Friday after the company published the results of the first quarter of fiscal 2021, which ended September 30. Peloton, which went public a little over a year ago, reported earnings per share for the second quarter in […]
Shares of Starbucks recovered from losses of February and March due to the pandemic and rose by 19.7% over the past 6 months. But shares fell again after the publication of the quarterly report, which ended September 30. Starbucks revenue and profit for the 4th quarter of fiscal 2020 showed a strong jump in growth […]
The coronavirus pandemic has allowed Ukrainian pharmaceutical companies to enter new world markets – the EU and Asia. The head of the board of Darnitsa Group Dmitry Shymkov in an interview stated this with the executive director of the European Business Association Anna Derevyanko. In particular, the shortage of medicines arose due to the fact […]Next
The capacity of installed solar energy facilities in Ukraine will increase up to 3 GW by 2020. Vitaliy Daviy, CEO of IB Center Europe, made such forecast for the development of the industry at CISOLAR 2019 the 8th Solar Energy Conference in Kiev. As of April 1, 2019, more than 2.2 GW of solar energy […]Next
LDaily prepared the short overview of latest news in the sphere of business and finance for last week for the readers. If you missed something, it would a good opportunity to correct it. 1. Epic with e-declarations came to an end, but not for all On October 30, 2016, at 24:00 the stage of the Ukrainian […]Next
Last week, Berkshire Hathaway has submitted a report form 13F to the Securities and Exchange Commission (SEC) for the second quarter of 2020, by providing an updated information about its portfolio of shares for publicly traded companies. The portfolio of one of the most famous in the world of investment companies headed by Chairman and […]Next
Visa in conjunction with BioConnect will promise to provide a new service which will give an opportunity to their clients to undergo the procedure of biometric authentication, using the application on their phone in the nearest future. According to developers of the program, such innovation is a fine alternative to passwords use. In addition, the […]Next
On June 4, Smile-Expo will hold annual AI Conference Kyiv in the capital of Ukraine. This year, the conference is focused on business automation using artificial intelligence. Speakers include leading experts from Microsoft, Vodafone, Hewlett Packard Enterprise, METRO Cash & Carry, and other well-known companies. Keynote Speakers of AI Conference Kyiv The conference primarily aims […]Next
The international business publication The Financial Times published the news that the public company Alibaba Group of China, experienced e-commerce giant, plans to become the owner of an investment holding company Intime Retail, bought its controlling stake at a price of more than two and a half billion dollars. Intime Retail owns 29 shops and […]Next
The Danish government will stop issuing new licenses for the development of oil and gas fields in the North Sea. The country will completely stop hydrocarbon production by 2050, according to Bloomberg. The Danish government reached an agreement with parliament late Thursday night to abandon a previously scheduled eighth round of licensing, as well as […]Next
This issue is devoted to the achievements and successes of cooperation of both countries. Diplomats and businesspersons of German companies in Ukraine tell readers about their way to the country’s market, share their achievements, as well as experience in introducing innovations in companies and plans for the future. Ernst Reichel, the Ambassador Extraordinary and Plenipotentiary […]Next
Shares of Tesla closed on Monday with a fall of 1.44%, continuing to decline on Tuesday, their price is now below $ 2000. This situation was preceded by a Bloomberg publication on reducing the number of registrations of Tesla, electric cars made in China. Tesla did not confirm the information; in its reports the company […]Next
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. […]Next
According to a report by the US Department of Commerce on Thursday, the fall in gross domestic product (GDP) for the period from April to June (2nd quarter) amounted to 32.9% compared with the same value last year. Economists have noted that it is the strongest decrease since the government started to keep records in […]Next
Turkish government for the first time resolved to apply penalties to the social network Twitter. Recently, Turkey turned to Twitter with a formal request to delete from the site all the information with an extremist nature, the information that supports terrorism. Twitter declined the request of the Turkish government and didn’t delete the corresponding positions […]Next
The owner of the largest online store Rozetka.ua, Vladislav Chechetkin accused the retailer “Epicenter” which is developing a network of building supermarkets, in the non-competitive behavior and pressure on suppliers. “Epicenter” for a long time, probably two years, requires the suppliers not to sell the goods in Rozetka.ua. This solicitation sounds like: if your product […]Next
In September 2015 it became known that diesel engines VW and Audi brands have been equipped with special incorrect installation that could not detect the level of emissions when they were being tested. So because of this program, the emission of harmful substances into the atmosphere while driving on such cars exceeded all established norms, […]Next
After criticism of Donald Trump on autoenterprise facilities in Mexico, the US company for the construction of Chrysler cars decided to take only the local development of vehicles. It is reported by Ukrainian investment portal InVenture. So the company decided to create 2000 additional jobs in the United States planning to invest $ 1 billion […]Next