News
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.
As part of the ongoing cooperation with the German-Ukrainian Fund (GUF), UKRGASBANK signed UAH 95 million loan agreement under the GUF Program to support small and medium-sized enterprises. The Program aims at investment projects of small and medium-sized enterprises in the priority areas, such as manufacturing, agriculture, HORECA and energy efficiency.
UKRGASBANK is proud to announce an increase of USD 40 million in trade finance limit from the European Bank for Reconstruction and Development (EBRD) under the TFP (Trade Facilitation Program). The total amount of the Ukrgasbank’s TFP limit has now reached USD 80 million.
Ukrgasbank has received a trade finance limit from Denmark's Export Credit Agency (EKF) that will be used for financing the foreign trade operations of the bank's clients and their Danish partners.
Since the beginning of the year, Ukrgasbank has demonstrated the dynamic growth of its retail customer base, which now reaches 2 million people.