Month: July 2016

Despite a turbulent Ukrainian economy, Ukraine’s PrivatBank weathered the storm to post increased profits in 2015. Dr. Alexander Mirtchev, international economist and CEO of Krull Corp., a Washington, DC-based macroeconomic consultancy, stated, “With the current situation in Ukraine, these results show indications of a resilient business model. At this stage, it is important for businesses to demonstrate transparency while coupling their initiatives with positive results.”

Krull Corp. focuses on new economic trends and emerging policy challenges. Dr. Mirtchev has participated in laying the foundation for market democracy, accession to World Trade Organization, NATO and the EU of several transitional economies.

Servicing a large portion of the Ukrainian market, PrivatBank leads the sector. According to the GFK Ukraine research on banking services for individuals, at the end of 4Q2015 48.4 per cent of the total number of Ukrainian banking customers used PrivatBank services. More than a third of the Ukrainian respondents (39.2 per cent) considered PrivatBank their major bank. Additionally, the research indicated that 42.6 per cent of Ukrainian corporations use the PrivatBank‘s services.

The bank’s recently published audited 2015 consolidated annual report shows that the consolidated profit of PrivatBank grew by 11.4 per cent in the last year, and totaled UAH 275 million (more than USD 11 million).

The report was prepared under International Financial Reporting Standards (IFRS) and audited by PricewaterhouseCoopers (PwC), one of the world’s leading auditing companies. PrivatBank Group’s capital amounts to UAH 29,045 mln, and assets total UAH 247,934 mln. The bank’s capital adequacy ratio (CAR) improved from 13.7 per cent up to 14.9 per cent in 2015 according to the Basel requirements. PrivatBank‘s CAR was 11 per cent, above the mandatory minimum of 10 per cent according to the regulatory requirements of the National Bank of Ukraine.

PrivatBank was recognized as the largest bank in Ukraine with contactless payments.

This was reported by representatives of Visa, handing the bank a special diploma “For the most VISA payWave acceptance network.” According to Privat, beginning in February 2016, when the bank started receiving VISA payWave contactless payment cards in its network of POS-terminals opportunity VISA contactless cards purchases benefited more than 1.5 million people.

“Every month, more than 500 thousand customers choose contactless payments VISA payWave as the most convenient alternative to classic bank cards or cash,” said deputy chairman of PrivatBank Roman Neginsky. “We are continuing to expand the network of receiving payment for payWave Visa payment system technology, which means that Ukrainians will be more opportunities to pay the non-contact. ”

Conveniently and securely pay for purchases with VISA payWave cards, which can now be used at more than 64 thousand PrivatBank terminals installed at trade and service enterprises in Ukraine:. “Silpo”, “ATB”, METRO, gas stations ANP, etc. All produced PrivatBank card.. VISA rayWave equipped with a contactless module, and chip and magnetic strip, that allows to use them for payment at any point of reception. When buying for less than 200 UAH payWave cardholders do not have to enter a PIN or sign a receipt.

VISA payWave contactless technology meets high security standards VISA thanks to an encrypted code that is transmitted along with the information about the payment and is unique to each transaction. VISA payWave technology provides card payment terminals and interoperability worldwide. Today VISA payWave cards can be easily and quickly calculated in 68 countries around the world.

The Bank’s 2015 consolidated profit grows by 11.4 per cent, totals more than USD 11 million

Ukaine’s PrivatBank showed strong results in 2015 despite a turbulent Ukrainian economy.  According to the bank’s audited consolidated annual report that was recently published, the consolidated profit of PrivatBank for 2015 grew by 11.4 per cent compared to 2014 and totaled UAH 275 million (more than USD 11 million).

As per the financial statements prepared under International Financial Reporting Standards (IFRS) and audited by PricewaterhouseCoopers (PwC), one of the world’s leading auditing companies, the capital of PrivatBank Group as of the end of 2015 amounts to UAH 29,045 mln, and assets total UAH 247,934 mln. The bank’s capital adequacy ratio (CAR) according toBasel requirements improved from 13.7 per cent up to 14.9 per cent in 2015 and PrivatBank‘s CAR according to the regulatory requirements of the National Bank of Ukraine was 11 per cent (above the mandatory minimum of 10 per cent).

PrivatBank is the leader of the Ukrainian market and services a large portion of the Ukrainian economy. According to the GFK Ukraine research on banking services for individuals, at the end of 4Q2015 48.4 per cent of the total number of Ukrainian banking customers used PrivatBank services. More than a third of the Ukrainian respondents (39.2 per cent) considered PrivatBank their major bank. Additionally, the research indicated that 42.6 per cent of Ukrainian corporations use the PrivatBank‘s services.

PrivatBank launched a joint project with Viber. The service will accept payments for services service Viber Out * – calls to mobiles and landlines using one of the country’s most popular instant messengers. Users will be able to deposit Viber Out with only two clicks in Privat24. In addition, transfers will be made through the card or in cash at the self-service terminals Privatbank.

“Localization of paid services of the popular messenger will allow Ukrainian Viber users to be connected in any situation both at home and abroad, “said the deputy chairman of the board Privat, Alexander Knight. “Today we can directly fill Viber Out account Privat24, and soon will be available additional opportunities in this direction. ”

“We are pleased to provide Ukrainian users Viber additional services and we hope that through such partnerships with leading players in the market, our audience in Ukraine – and now it is more than 14 million people will continue to grow”, said Viber head of the Russia and CIS Evgeny Roshupkin.

* Viber Out is a service that allows users to Viber call any phone numbers at low rates. With its help you can call fixed and mobile phones, even if they are not installed Viber application. Viber Out is only available on Viber for PC, Viber for Windows 8, iPhone, Android and Windows Phone 8. Calls and messages between Viber users – absolutely free.

About Viber

Viber Company is a leading service to exchange text, voice and video, which is used to connect people around the world. Is free.Users can send free text messages, funny stickers, photos, videos and doodles, share location, make free calls in HD-quality, and communicate using the Push-To-Talk. With Viber Out, users can make cheap calls to any number around the world. Viber application is available for smartphones and tablets platforms on iPhone®, Android ™, Windows Phone, BlackBerry®, Blackberry10® and computers running on Windows®, Windows 8®, Mac, Linux and Symbian, it runs over mobile networks 3G / 4G or Wi -Fi. With more than 711 million unique users in 193 countries, Viber is constantly evolving, adapting to new platforms and adding cool features, such as Public-chat. Viber is included in the Rakuten group.

PrivatBank launched @Paypbbot for Telegram that helps users of the popular messenger to send and receive money in one click. To send or request a money transfer using the bot you just need to type @Paypbbot and write the payment amount in the chat with your friend (watch the video).

“To send money via Telegram is a remarkably easy and convenient way to transfer money, – says Mykhailo Rogalskyi, PrivatBank Head of Payments and Transfers. – The first bots were launched in our Sender messenger; today we integrated them with Telegram. Easy one-click money transfers will become available in the most popular communication platforms soon”.

PrivatBank is the first Ukrainian bank that launched a money transfer service in a messenger. To send or receive money via Telegram you just need to register in @Paypbbot, confirm the phone number, specify the last 4 digits of a plastic card that will be used to send or receive money and confirm the choice of the card by entering the SMS-password from the bank.

The bot-service of transfers is available to all holders of PrivatBank plastic cards. Money can be sent only in local currency (Ukrainian hryvnia).

According to PrivatBank’s audited consolidated annual report published on the bank’s website, the consolidated profit of PrivatBank for 2015 grew by 11.4% compared to 2014 and totaled UAH 275 mln.

As per the financial statements prepared under International Financial Reporting Standards and audited by PricewaterhouseCoopers (PwC), one of the world’s leading auditing companies, the capital of PrivatBank Group as of the end of 2015 amounts UAH 29,045 mln, and assets total UAH 247,934 mln. The bank’s capital adequacy ratio (CAR) according to Basel requirements improved from 13.7% up to 14.9% in 2015 and PrivatBank’s CAR according to the regulatory requirements of the National Bank of Ukraine was 11% (with the mandatory minimum of 10%).

PrivatBank is the leader of the Ukrainian market. According to the GFK Ukraine research of banking services for individuals, as of the end of 4Q2015 48.4% of customers of Ukrainian banks used PrivatBank services and more than every third Ukrainian (39.3% of respondents) considered PrivatBank their major bank. The research showed 42.6% of Ukrainian corporates use the services of PrivatBank.

PrivatBank will be the information partner of the first Ukrainian-European e-commerce market forum scheduled on 1 September, 2016 in Berlin.

According to the forum’s organisers, including BGA (The Federation of German Wholesale, Foreign Trade and Services) and BVMW (The German Association for Small and Medium-sized Businesses), since the beginning of 2016 German and European markets with more than 500 mln customers have been opened for Ukrainian enterprises in line with the Deep and Comprehensive Free Trade Agreement (DCFTA).

According to European experts’ view, the most significant growth occurs in bilateral cross-border trading and e-commerce, providing huge opportunities for Ukrainian enterprises and private entrepreneurs in the service industry. Markets and online stores are the optimal way for fast and easy selling of goods to German customers. The annual trade turnover between Ukraine and Germany currently totals EUR 5 bln.