Analyst: “Taking into account that Privatbank was offering excessively high deposit rates, we see a risk that people withdrawing their money from it have been bringing their cash to other banks that offer similarly high rates, in the hopes of getting the generous returns they were expecting from Privatbank.”
Analyst: “The possible increase of the Ukrzaliznytsia investment program will be beneficial for Ukrainian railway machinery producers, which will get a chance to receive large orders for the first time since the crisis started for them in 2013.”
Analyst: “We expect the company to post solid profitability margins in FY17 on the back of a strong Ukrainian sunflower seed harvest in the 2016 calendar year, and we remain bullish on Kernel stock.”
Analyst: “We continue to expect the holding will be able to agree to a long-term debt restructuring by end-January, and we hope that it will announce the latest restructuring terms in the coming days. We are keeping our positive view on Metinvest Eurobonds.”
Analyst: “It’s a big disappointment that the government agencies involved in the Privatbank bailout provided no updated numbers about the bank in the three days after it was declared insolvent. That may indicate a lack of professionalism (by not being able to agree upon the exact numbers) or they fear revealing the reality (which might have been much worse than they expected).”
Analyst: “We continue to expect the holding will be able to agree to a long-term debt restructuring by end-January, and hope that it will announce the latest restructuring terms in the coming days. We are keeping our positive view on Metinvest Eurobonds.”
The project will benefit from an €110,000 incentive grant provided through the EBRD’s Finance and Technology Transfer Centre for Climate Change (FINTECC) programme designed to transfer technology in the area of climate change mitigation and adaptation, which was launched in Ukraine in February 2016.
Gontareva: “Beginning from Monday, the NBU plans to provide liquidity support to the bank if the Bank needs liquidity to ensure the repayment of deposits. As long-term deposits for the largest share of the stock of deposits, the NBU does not expect PrivatBank to face significant deposit outflows and this move will have a limited impact on inflation and the FX market.”