The SCM group (System Capital Management) has obtained the 100% stake in Kyiv-based Renaissance Capital Ukraine bank. Financial advisers were the First Ukrainian International Bank and Renaissance Capital investment company, Russia. As of Jan 1, 2011, the assets of Renaissance Capital Ukraine amounted to UAH 531.4mn, credits and clients' liabilities stood at UAH 306.2mn and shareholders' equity totaled UAH 212.6mn. The bank posted UAH 170,000 net profit for 2010. In 2010 the financial institution received UAH 170,000 of net profit. |
In 2012, Metro Cash&Carry Ukraine, which is a retail division of the Metro Group (Germany), raised sales by 10.9% y/y to EUR 877mn, the company said. The company opened two new wholesale ... more
The Naftogaz Ukrainy has repaid UAH 2.4bn worth of loans so far in 2013. The company was able to repay this amount of loans because of economy of natural gas in all areas of its operation, ... more
The European Commission recommends Ukraine to focus on meeting its commitments under the association agenda, reads the ENP Country Progress Report 2012 - Ukraine released on Wednesday. In ... more