Latest News - Finance - Ukraine

On December 15th UkrGasBank repaid in full and in a timely fashion its $20 mn club loan, attracted in December 2007.

OkeHampton Payday Loans, located online at OkeHampton.net, recently launched their online payday loan website to assist more customers in obtaining cash on demand.

Financial Initiatives Agency and Standard & Poor's Governance Services announced the results of its transparency and disclosure survey of the 30 largest Ukrainian banks in 2008. UkrGasBank is ranked first with a score of 71.2%.

TEAM International (www.teaminternational.com) reviews the findings of the most recent surveys on truth and myths of the impact of the world economic crisis on IT offshore outsourcing.

New version of a popular bundled software SLiM was released for license creation and management under Metatrader 4 trade system.

As he redesigns The Million Word Site, Itzhak Schier is about to launch two revolutionary sites to serve small to medium business in obtaining finance and enabling cooperation online.

Low credit rates started the «real estate» boom, which led to the significant growth in profits of financial institutions, especially banks, involved in mortgage lending.

During 2007 the Bank assets increased by 131,2%, which shows a more rapid development of the financial institution comparing to other banks of Ukraine

Since the time eliminating most customs barriers and decrease of fees in 2005 we have actually been working under WTO terms and conditions in terms of the market openness.

As of 2007 the Bank’s volume of transactions in securities sale and purchase (commercial activities) totaled over UAH 5,590 million (over 600 performed agreements).

Analysts of investment company Millenium Capital changed the recommendation regarding Ukrgasbank shares (ticker UGZB) from “Accumulate” to “Hold”.

UkrGasBank has successfully closed its second syndicated facility totaling $46m. A total of 14 financial institutions from 9 countries joined the transaction.