AUB partners news

In January-March 2024, Ukreximbank earned UAH 2.474 billion for the state and became one of the four most profitable banks in Ukraine, the bank's press service reports.

‘In 2023, Ukreximbank's financial result is expected to reach a record UAH 5.7 billion in the bank's history, the exact amount of the bank's profit will be confirmed by the results of the ongoing independent audit,’ the statement said.

In 2023, the Bank paid UAH 2,502 million in income tax to the state budget.

As of 1 April 2024, JSC Ukreximbank:

• No. 1 in the banking market in terms of the loan portfolio of legal entities (including provisions) (UAH 76.9 billion);
• No. 1 in terms of corporate customer accounts (UAH 152 billion);
• Leader in terms of administration of funds from IFIs (UAH 9.75 billion).
• No. 1 in terms of financing of Ukrainian companies (14.4%).

The report also states that, according to the NBU, the profit of Ukrainian banks after tax for Q1 2024 amounted to UAH 40.5 billion. Banks earned 18% more than in the same period last year. In 2023, Ukraine's banking sector generated UAH 83.2 billion of net profit after tax. This is almost four times higher than in 2022 and 8% higher than in 2021. Banks paid UAH 76.64 billion in taxes to the state budget under the new law, which is 10 times more than a year ago.

Despite a significant increase in demand for affordable mortgages, eOselya continues to operate. Last week alone, 291 loans were issued for UAH 510 million. While in 2023, on average, 487 loans for UAH 737 million were issued per month on eOselya,  according to Ukrfinzhytlo.

Therefore, despite the extra demand, partner banks continue to lend to Ukrainians under the program. In the last two days alone, customers have received 79 mortgages for UAH 141 million. And since the beginning of 2024, 4,031 families have already received loans for their own housing for more than UAH 6 billion.

“Ukrfinzhytlo attracts loans from Ukrainian banks to finance eHousing, which, in the context of increased demand, requires additional time to approve transactions with the relevant government agencies. Nevertheless, the company continues to work to meet even the high demand of citizens. The partner banks of the program, in turn, plan to conclude the agreed transactions in the near future,” the statement said.

The members of the Association of Ukrainian Banks - Ukrgasbank, Globus Bank, Sky Bank, Ukreximbank, MTB Bank - participate in the eHouse program.

 According  to the Ministry of Economy of Ukraine, 4,000 Ukrainian families have taken out loans to purchase housing under the eOselya program for UAH 6.7 billion since the beginning of 2024. Every third loan was for the purchase of a first-time home. In total, 10,277 families have taken out loans worth over UAH 16 billion since the program's launch.

For reference:

The eHouse program is one of the components of the “Made in Ukraine” policy aimed at supporting Ukrainian producers and stimulating demand for domestic products. The program was launched in October 2022. It is being implemented by the Ministry of Economy jointly with the Ministry of Digital Transformation and Ukrfinzhytlo. The partner banks of eOselya are Oschadbank, Privatbank, Ukrgasbank, Globus Bank, Sky Bank, Ukreximbank, Sense Bank, Credit Dnipro Bank, and MTB Bank.

According to the results of the first quarter of 2024, the volume of SME financing at Globus Bank reached pre-war levels. This was stated by Oksana Shulga, Director of Small and Medium Business Department of Globus Bank, during the round table “Situation in the SME market: wartime challenges”, the bank's press service reports.

The event focused on the main trends in the SME lending market, customer needs and lending conditions in 2024, as well as war risk insurance.
Specialists from leading Ukrainian banks were invited to participate in the discussion, including Oksana Shulga, Director of SME Department at Globus Bank. She emphasized that the development of SMEs is a requirement of the present time

“The demand of SME clients is growing rapidly. The areas requiring financing are quite diverse - from services and manufacturing to the processing industry. Financing of the medical industry has also been increasing recently. Our Bank did not leave the SME lending market after the full-scale invasion began, and in the first quarter of 2024, our funding volumes reached pre-war levels. We strive to create products and services to support businesses under any conditions,” the banker said.

COMINBANK joined the Program of compensation to agrarians for the cost of agricultural machinery of domestic producers. This was reported by the bank's press service.

The signing of a memorandum with the Ministry of Economy of Ukraine means that from now on, our clients can receive compensation from the state in the amount of 25% of the cost of purchased machinery from a Ukrainian manufacturer.

“For the third year in a row, Ukrainian farmers have been bearing the heavy burden of war on their shoulders. The damage and losses incurred by our agricultural sector amount to billions. Nevertheless, it continues to work heroically, providing food for Ukraine and the world. That is why today we are extremely pleased to take a step towards supporting agricultural producers. I am grateful to everyone who contributed to this important decision in favor of the agricultural business. After all, we are talking about serious support for the industry and food security of our country,” commented Tatyana Putintseva, Chairman of the Management Board of COMINBANK.

In order to receive compensation for the cost of agricultural machinery, agrarians (the Bank's clients) need to:

• choose a supplier (from the list on the website of the Ministry of Economy)
• purchase equipment of domestic production
• submit an application for compensation and supporting documents to the Bank
• receive compensation to the current account with the Bank.

The list of equipment subject to compensation is available on the website of the Ministry of Economy of Ukraine