News
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.
A group of Ukrgasbank branch managers visited Sekerbank and Türk Ekonomi Bankası A.Ş. (TEB) in Istanbul, Turkey, during a two-day study visit to exchange the best practices in doing business in the banking sector. The tour was organized for Ukrgasbank by SME Finance Forum (global membership network bringing together financial institutions to promote the growth of SMEs), as part of its knowledge sharing services.
Since the beginning of the year, Ukrgasbank has gained 595 thousand of new retail clients. The retail client base of the Bank currently totals 1.9 million.
Profit of Ukrgasbank totaled UAH 576.3 million, for 10 months 2019.
Ukrgasbank joins the United Nations Environment Programme Finance Initiative (UNEP FI).
Profit of Ukrgasbank increased to UAH 347 million, for 9 months 2019.
Ukrgasbank has received another increase in its trade finance limit from the International Finance Corporation (IFC), a member of the World Bank Group, under its Global Trade Finance Program (GTFP). The total amount of the limit is now $70 million, representing an increase of $30 million.
Fitch Ratings has upgraded Ukrgasbank Long-Term Foreign Currency Issuer Default Rating (IDR) to ‘B’ from ‘B-‘. The Outlook is Positive.
Profit of Ukrgasbank for January-August 2019 amounted to UAH 313 million. The bank’s assets totaled UAH 110 billion (Ukrgasbank is among top-5 largest banks in Ukraine by assets).