Ukrgasbank Company Profile and Business Strategy

Ukrgasbank is a Ukrainian bank that has been in operation since 1991. It is one of the largest banks in Ukraine, with a significant presence in the country's financial sector.

Ukrgasbank has a large network of branches and ATMs across Ukraine, providing convenient access to financial services for its customers. The bank offers a wide range of products and services, including corporate and retail banking, investment banking, and asset management.

Ukrgasbank's business strategy is focused on providing innovative financial solutions to its customers, while also promoting economic growth and development in Ukraine. The bank has a strong commitment to corporate social responsibility and community development.

On a similar theme: The Nomura Trust & Banking Co.

Ukrgasbank has a rich history, dating back to 1993 when it was registered by the National Bank of Ukraine. The bank is a successor to several other financial institutions, including VAB "Ukrgazbank", ZAT "InterGazbank", and ATZT "Khadjibeybank".

The bank's strategic importance was recognized by the Ukrainian government in 2015, when it was included in the list of state-owned enterprises with significant economic and security value. This designation was confirmed by a Cabinet of Ministers resolution.

In 2015, Ukrgasbank absorbed the troubled Bank "Kyiv", which led to a significant increase in the bank's assets and liabilities. The bank's financial performance improved significantly, with a profit of 260 million hryvnia in 2015.

Ukrgasbank is a Ukrainian bank that has undergone a remarkable transformation in recent years. It has become the fourth biggest bank in Ukraine by assets and the number one eco-bank.

The bank was established in 1993 and has since grown to have over 240 branches in Ukraine, with 23 regional offices in 153 cities and towns. It serves a large customer base, with over 900,000 retail customers, 43,000 SME customers, and 8,000 corporate members.

The bank has received pre-privatization support from the International Finance Corporation (IFC), which has helped strengthen its corporate governance and increase its investment attractiveness. This support is part of the IFC's strategy to establish a transparent and competitive process for the privatization of Ukraine's state-owned banks.

Ukrgasbank has made significant progress in recent years, with a strong performance that has led to it becoming one of the best performing and most profitable Ukrainian banks.

For another approach, see: Ukraine Banks

As of August 1st, 2019, Ukrgasbank's main activities were quite impressive. The bank's total assets stood at 118.453 billion hryvnia.

The bank's investment portfolio was substantial, with a value of 29.534 billion hryvnia. This is a significant amount of money, and it's clear that the bank is investing in various assets to grow its business.

The bank's credit portfolio for corporate business clients was 37.197 billion hryvnia, while the credit portfolio for micro and small business clients was 5.009 billion hryvnia. On the other hand, the credit portfolio for retail business clients was 5.171 billion hryvnia.

The bank's deposit portfolio from clients was 104.228 billion hryvnia, with 75.156 billion hryvnia coming from corporate business clients. The deposit portfolio from micro and small business clients was 6.628 billion hryvnia, and from retail business clients (including savings certificates from individuals) was 22.453 billion hryvnia.

The bank's profit for the period was 288 million hryvnia, which is a significant achievement. The bank's balance sheet capital was 6.174 billion hryvnia, and its document operations portfolio was 8.68 billion hryvnia.

Here's a breakdown of the bank's client base as of August 1st, 2019:

The bank's international financial organizations portfolio was 2.137 billion hryvnia, and the amount of funds used by clients through the GTFP line was 617 million hryvnia, which is 62% of the set limit.

Ukrgasbank is preparing for privatization in 2018-19. This process will likely involve significant changes to the bank's operations and structure.

The bank aims to become the region's leading green bank, covering 30 percent of the demand for financing green energy projects in Ukraine. This goal is ambitious and requires a strong commitment to sustainable banking practices.

Ukrgasbank plans to use green banking as a competitive advantage, setting itself apart from other financial institutions in the region. By doing so, the bank can attract environmentally-conscious customers and investors.

Here are the bank's specific objectives:

Ukrgasbank has set its sights on becoming the region's leading green bank, aiming to cover 30 percent of the demand for financing green energy projects in Ukraine.

The bank's objectives include preparing for privatization in 2018-19, which is a significant step towards growth and development.

Ukrgasbank plans to use green banking as a competitive advantage, setting it apart from other financial institutions.

To achieve this, the bank will focus on specific sectors for SME and corporate businesses.

Here are Ukrgasbank's objectives in a nutshell:

Rekapitalizatsiya was a crucial step in stabilizing the Ukrainian banking system. In 2011, the Cabinet of Ministers of Ukraine decided to recapitalize the National Bank of Ukraine at a cost of 4.3 billion hryvnia. This move aimed to mitigate the effects of the financial crisis. The decision was made in response to the financial crisis, and it was a significant step towards recovery.

Explore further: Monobank (Ukraine)

Ukrgasbank is taking significant steps towards a greener banking future. Ukrgasbank's commitment to energy efficiency and independence is evident in its funding of LEMBERG battery LLC, which aims to improve energy efficiency and independence.

The bank's eco-friendly approach is also reflected in its rebranding as "UGB Eco Bank", a move that signifies a shift in its corporate style and positioning. Ukrgasbank's dedication to sustainability is a positive development.

In 2023, Ukrgasbank reported a net profit of UAH 4.08 billion for 11 months, demonstrating its financial stability and ability to support green initiatives. This achievement underscores the bank's commitment to its business goals.

Here are some key green banking initiatives by Ukrgasbank:

Ukrgasbank is a significant player in Ukraine's banking sector, ranking fourth by assets among the largest banks in the country.

The bank is expected to reach over $20 million in profits this year, a notable achievement considering the economic challenges Ukraine has faced.

Ukrgasbank has made a remarkable turnaround, becoming profitable in 2015 despite initial losses of around $90 million in 2014.

Here are some key statistics on the bank's performance:

Ukrgasbank is a significant player in the Ukrainian banking scene, ranking fourth by assets among the largest banks in the country.

Profits are expected to reach over $20 million this year, a notable achievement considering the tumultuous economic situation in Ukraine.

The bank's turnaround from a $90 million loss in 2014 to profitability in 2015 is a testament to its resilience and strategic planning.

Ukrgasbank is now Ukraine's largest green bank, focusing on energy efficiency, renewables, and emission reductions.

Three main target areas in green banking for the bank are energy efficiency, renewables, and emission reductions.

The investment potential of these areas is estimated to be $70 billion in the next 15 years, according to the World Bank.

Here are some key statistics on Ukrgasbank's green portfolio:

The current government's decentralization project provides numerous opportunities for the bank and its investors, with Ukrgasbank already carrying out several projects with various municipalities in Ukraine.

As an investor, it's essential to keep an eye on financial indicators to make informed decisions.

The price-to-earnings ratio (P/E ratio) is a key indicator that compares a company's stock price to its earnings per share.

A high P/E ratio can indicate overvaluation, while a low P/E ratio may suggest undervaluation.

The debt-to-equity ratio is another crucial indicator that measures a company's debt compared to its equity.

A debt-to-equity ratio of 1 or higher can be a red flag for investors.

Dividend yield is a financial indicator that shows the ratio of a company's annual dividend payment to its stock price.

A high dividend yield can be attractive to income investors, but it's essential to consider the company's underlying fundamentals.

The return on equity (ROE) measures a company's net income compared to its shareholder equity.

A high ROE indicates a company's ability to generate profits from shareholder equity.

Broaden your view: Banco Internacional De São Tomé E Príncipe

Ukrgasbank has been making headlines in recent times. Ukrgasbank is a Ukrainian bank that has been around since 1992.

The bank has a significant presence in the country, with over 200 branches across Ukraine. Ukrgasbank's services include corporate and retail banking, as well as investment banking.

In 2019, Ukrgasbank was recognized as one of the top 10 banks in Ukraine by the country's central bank.

You might like: National Bank of Ukraine

Bank Ukrgasbank has been making headlines with its earnings reports. The bank's auditor raised a 'Going Concern' doubt in both 2023 and 2024.

In 2023, the bank's auditor raised a 'Going Concern' doubt on April 27th, which was reported by CI. This was not the only instance of concern, as the bank's earnings results for the first quarter of 2023 were also reported by CI on April 29th.

The bank's earnings results for the third quarter and nine months ended September 30, 2023, were reported by CI on October 29th, 2023. The same report format was used for the second quarter and six months ended June 30, 2023, which was also reported by CI on July 27th, 2023.

Here's a summary of the bank's earnings reports:

In addition to the earnings reports, the bank's auditor raised a 'Going Concern' doubt in 2024, which was reported by CI on March 14th.

Bank Ukrgasbank has been quite active in the press release department, issuing statements on various topics. Ukrgasbank issued its 50th letter of credit in 2024.

One notable press release was about Ukrgasbank joining EBRD's Energy Security Support Facility in 2024. This move demonstrates the bank's commitment to energy security.

Ukrgasbank also changed its brand positioning and corporate style, rebranding as UGB Eco Bank in 2024. This change likely reflects the bank's focus on eco-friendly practices.

Another press release highlighted Ukrgasbank's funding for LEMBERG battery LLC to improve energy efficiency and energy independence in 2024. This funding is a significant step towards reducing the country's reliance on non-renewable energy sources.

Here are some key press releases from Bank Ukrgasbank:

The management and board of Ukrgasbank are comprised of experienced professionals who have been appointed to various roles. Rodion Morozov serves as the Chief Executive Officer, having taken on the position since February 12, 2023.

Tetiana Shestak is the Compliance Officer, appointed on November 7, 2021. Serhii Kharytych is the Corporate Officer/Principal, having been in the role since April 8, 2020. Nataliya Yevhenivna Vasylets is also a Corporate Officer/Principal, with a tenure dating back to November 10, 2014.

The bank's board of directors includes several members. Teymur Mamedovych Bahirov serves as the Chairman, having been appointed on March 31, 2021. Blaschuk Oleksandrovych and Volchko Oksana Yulianovna are both Director/Board Members, having been appointed on September 10, 2018.

Here is a list of the bank's senior management team:

The bank's leadership team is well-established, with several members having been in their roles for many years.

As of June 30, 2019, the ownership structure of Ukrgasbank is dominated by the Ukrainian government, specifically the Ministry of Finance, which holds a whopping 94.94% of the bank's economic rights.

The Ukrainian government's significant stake in the bank is a clear indication of its importance in the country's economy.

Broaden your view: First Ukrainian International Bank

The remaining 5.06% of the bank's ownership is divided among other legal entities and individuals, as well as the bank's own shares.

Here's a breakdown of the ownership structure:

This ownership structure suggests a high degree of control and influence over the bank's operations, which is likely to have a significant impact on its decision-making and strategic direction.

Ukrgasbank's annual reports are a treasure trove of information about the bank's financial performance and growth.

The bank's annual reports have consistently highlighted its strong capital position, with a capital adequacy ratio of 15.4% in 2020, well above the regulatory requirement of 10%.

One of the key drivers of Ukrgasbank's success has been its ability to maintain a low non-performing loan ratio of 2.5% in 2020, a testament to the bank's effective credit risk management.

Ukrgasbank's net interest income has been steadily increasing over the years, reaching a record high of UAH 3.4 billion in 2020.

The bank's asset quality has also been a key focus area, with a decrease in the loan portfolio's exposure to high-risk sectors such as construction and real estate.

Ukrgasbank's annual reports have consistently highlighted its commitment to transparency and accountability, with the bank's management team regularly engaging with stakeholders and investors to discuss its performance and strategy.