News
The United Nations Industrial Development Organization (UNIDO) and JSB “UKRGASBANK” have signed a contract that will enable the launch and operation of a USD 1.5 Million Loan Guarantee Fund as special financial mechanism within the framework of the UNIDO-GEF project “Introduction of Energy Management System Standard in Ukrainian Industry”. Supported by national stakeholders, and cross-guaranteed by Citibank Europe PLC, the Loan Guarantee Fund is foremost aimed to facilitate industrial companies with getting access to capital for implementation of energy management systems in line with ISO 50001 and other energy efficiency measures. The Loan Guarantee Fund is the first and one of the kind guarantee based financial mechanism launched by a UN agency with a selected financial partner in Ukraine.
State-owned UKRGASBANK has earned UAH 404 million profit for 5 months 2020. This is 1.6 times more compared to the same period of 2019.
UKRGASBANK efforts to support international business of its clients brought new results. For the second time in less than a year of cooperation with the EBRD under the Trade Facilitation Program (TFP), we managed to increase the trade finance limit. This time, it has more than doubled and now totals USD 170 million.
Since the beginning of the year, state-owned UKRGASBANK has earned UAH 381 million profit, which surpasses the last year results more than 1.6 times. Last year, net profit for the same period totaled UAH 227 million.
The International Finance Corporation (IFC), a member of the World Bank Group, named the state-owned Ukrgasbank the Best Issuing Bank in Eastern Europe in 2019. The bank received this high recognition for its achievements in IFC’s Global Trade Finance Program, which we joined in the fall of 2017.
UKRGASBANK continues to support its clients' foreign trade activities, thus steadily expanding its portfolio of trade finance deals. Thus, according to the results of the first quarter of this year, the volume of such deals increased to more than 14 billion UAH, which is 30% more than at the beginning of January.
Assets of the Bank totaled UAH 140 million as of March 1, 2020 posting a growth of UAH 20.7 billion for the first two months of 2020.
All branches of UKRGASBANK operate full-time without any limitations for the clients.
The net profit of Ukrgasbank totaled UAH 294 million for 2 months of 2020. This is 5 times higher than planned.
The National Bank of Ukraine has revised the list of banks that have significant impact on the national financial system. Based on this annual revision, Ukrgasbank reconfirms the status of a systemically important bank, for the second year in a row.
The net profit of UKRGASBANK reached UAH 134 million, as of February 1, 2020. Since the beginning of the year, the assets of the Bank have also increased by UAH 10.6 billion and now total UAH 129.8 billion.
Based on the results of 2019, the assets of UKRGASBANK increased by 44.7%, to UAH 119.2 billion.
Ukrgasbank signed an agreement with the Business Development Fund on providing soft loans for Ukrainian SMEs.
ECO-Deposit has become the most popular deposit program among UKRGASBANK clients. The funds of this new banking product are channeled to finance environmental projects in Ukraine.
According to the National Bank of Ukraine, UKRGASBANK is the leader in corporate deposits growth among Ukrainian banks, based on the results of 11 months of 2019.
In 2019, UKRGASBANK supported a project of great social importance - the construction of a new international airport terminal Zaporizhia.
On December 28, 2019, the National Bank of Ukraine published the results of bank resilience assessment for individual banks. The resilience assessment comprises asset quality review and stress-tests for the largest Ukrainian banks. This year, 29 banks were stress-tested. Combined, they account for over 90% of the banking sector assets.
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of JSB Ukrgasbank at ‘B’, with a Positive Outlook. At the same time, Fitch affirmed the ‘b-’ VR and removed it from Rating Watch Positive. The affirmation of the National Rating of 'AA(ukr)' reflects UGB’s unchanged creditworthiness relative to peers within Ukraine.
For 11 months of 2019, the net profit of Ukrgasbank totaled UAH 836 million. It has grown almost by 22% more, compared to the same period last year.
UKRGASBANK and the German-Ukrainian Fund signed subsidy agreement on the implementation of FinancEast programme as part of the EU’s EU4Business initiative. This programme is aimed at restarting financing of SMEs in government-controlled areas of Donetsk and Luhansk regions.