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Archive for July 30th, 2008

Ukrainian banking institutions’ efficiency falls – experts

Posted by the Editor on July 30, 2008


News / 30 July 2008 | 17:59

Ukrainian banking institutions’ efficiency falls – experts

Credit-Rating agency notes the falling efficiency of the banking institutions: during 1Q2008 the business efficiency ratio has decreased by 17 percentage points compared to the same period of 2007, according to the agency’s press-release.

The key reason is the outrunning growth of interest expenditures over the revenues due to the increase in resource cost. With the purpose to minimize the influence of this factor and to improve the performance, some banks were obliged to reduce the expenditures no related to the their principal activities, to adjust their plans for territorial expansion of the network and to postpone the extensive development.

According to Credit-Rating’s leading financial analyst Viktor Shulik: “Further development of the banking institutions in the course of the year depends on general economic situation in the country and regulator’s actions. As before Credit-Rating expects the decrease in the efficiency of principal activities under further reduction of the loan portfolios’ growth rates, increase in the resource cost and growth of the troubled assets. 

70 banking institutions with ratings assigned have been analyzed.

ForUm

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Ukrainian banking institutions’ efficiency falls – experts

Posted by the Editor on July 30, 2008


News / 30 July 2008 | 17:59

Ukrainian banking institutions’ efficiency falls – experts

Credit-Rating agency notes the falling efficiency of the banking institutions: during 1Q2008 the business efficiency ratio has decreased by 17 percentage points compared to the same period of 2007, according to the agency’s press-release.

The key reason is the outrunning growth of interest expenditures over the revenues due to the increase in resource cost. With the purpose to minimize the influence of this factor and to improve the performance, some banks were obliged to reduce the expenditures no related to the their principal activities, to adjust their plans for territorial expansion of the network and to postpone the extensive development.

According to Credit-Rating’s leading financial analyst Viktor Shulik: “Further development of the banking institutions in the course of the year depends on general economic situation in the country and regulator’s actions. As before Credit-Rating expects the decrease in the efficiency of principal activities under further reduction of the loan portfolios’ growth rates, increase in the resource cost and growth of the troubled assets. 

70 banking institutions with ratings assigned have been analyzed.

ForUm

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Interior Minister Lutsenko was banned to enter Presidential Secretariat

Posted by the Editor on July 30, 2008


News / 30 July 2008 | 17:20

Interior Minister Lutsenko was banned to enter Presidential Secretariat

Interior Minister of Ukraine Yuri Lutsenko claims that the Sate Guard Service (SGS) banned him to enter the Presidential Secretariat.

According to UNIAN, Yuri Lutsenko said this to journalists in the Cabinet of Ministers on Wednesday.

“Today SGS bans the Interior Minister to enter the territory of the Presidential Secretariat”, Yuri Lutsenko said.

At the same time, the Minister did not specify when exactly the entry ban was introduced.

“I faced it at the last session of the National Security and Defense Council, when my car was not let in – but I’m free from vanity, I went on foot, and it appeared that a special permit of the superintendent is necessary for me to enter the Secretariat, to take part in the NSDC session. I asked them whether a personal invitation from the President is not cooler that the instruction of Mr.Geletey [State Guard Service chief – UNIAN]? In 15 minutes it appeared that I may enter and take part in the NSDC session”, Yuri Lutsenko said.

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Zatulin: Ukrainians love me more than they love Yushchenko

Posted by the Editor on July 30, 2008


News / 30 July 2008 | 16:30

Ukrainians love me more than they love Yushchenko

Zatulin: Ukrainians love me more than they love Yushchenko

According to Zatulin, the ban imposed on his entry to Ukraine is “mean-spirited and disreputable provocation; personal revenge of Ukraine‘s President, who has taken a dislike to the Russian deputy because of his constant criticism of the authorities.

“Ban on the entry is absurdity. The whole world is laughing at us,” he declared. Zatulin noted that nobody explained him the reasons of the ban.

“Another lie is that I allegedly bought the return ticket to Moscow. Why should I? If you want to deport me, do it in accordance with the law. Why should I pay for my deportation? Mean and disreputable lie all around,” he summed up.

According to him, the Ukrainian authorities are annoyed of his popularity among the people. “Ukraine‘s authorities are afraid of my influence, as my rating in Ukraine is higher than Yushchenko’s one. And such actions of Ukrainian officials only increase my popularity. It will not stop me from being engaged in the Russian-Ukrainian relations and from loving Ukraine. I love it in my way, not like Yushchenko and his Security Service,” Zatulin pointed out.

ForUm

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Zatulin: Ukrainians loves me more than they love Yushchenko

Posted by the Editor on July 30, 2008


News / 30 July 2008 | 16:30

Ukrainians loves me more than they love Yushchenko

Zatulin: Ukrainians loves me more than they love Yushchenko

According to Zatulin, the ban imposed on his entry to Ukraine is “mean-spirited and disreputable provocation; personal revenge of Ukraine‘s President, who has taken a dislike to the Russian deputy because of his constant criticism of the authorities.

“Ban on the entry is absurdity. The whole world is laughing at us,” he declared. Zatulin noted that nobody explained him the reasons of the ban.

“Another lie is that I allegedly bought the return ticket to Moscow. Why should I. If you want to deport me, do it in accordance with the law. Why should I pay for my deportation? Mean and disreputable lie all around,” he summed up.

According to him, the Ukrainian authorities are annoyed of his popularity among the people. “Ukraine‘s authorities are afraid of my influence, as my rating in Ukraine is high than Yushchenko’s one. And such actions of Ukrainian officials only increase my popularity. It will not stop me from being engaged in the Russian-Ukrainian relations and from loving Ukraine. I love it in my way, not like Yushchenko and his Security Service,” Zatulin pointed out.

ForUm

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Tymoshenko hopes budget amendments be adopted tomorrow

Posted by the Editor on July 30, 2008


News / 30 July 2008 | 15:43

Tymoshenko hopes budget amendments be adopted tomorrow

At the session of the Cabinet Prime Minister Yulia Tymoshenko said that the budget committee of the Verkhovna Rada had started to examine the governmental draft bill on amendments to the budget.

Tymoshenko also informed that after speaking with the parliamentarians “the budget has all chances to be adopted.”

She underlined that according to the Constitution and Budget Code, it is the exclusive right of the government of Ukraine to introduce amendments to the budget.

“We submitted our frat bill to the parliament and delivered a copy to the President. According to the law “On emergency situation” the President must recognize this draft bill as urgent,” Tymoshenko said.

ForUm

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Ukraine’s government ready to continue dialog with Vanco Prickerchenska

Posted by the Editor on July 30, 2008


News / 30 July 2008 | 14:36

Ukraine's government ready to continue dialog with Vanco Prickerchenska

Ukraine’s government ready to continue dialog with Vanco Prickerchenska

The government of Ukraine is ready to continue dialog with Vanco Prickerchenska Ltd., but only after the company suspends its suit against Ukraine.

Deputy Minister of Justice of Ukraine, acting Minister Yevhen Korniychuk said at the press conference today, ForUm’s correspondent reported.

“Our position is that we will hold immediate consultations with Vanco Prickerchenska Ltd., as soon as it suspends the suit.

According Korniychuk, Vanco Prickerchenska Ltd. informed the Justice Ministry about its appeal to the international arbitration against Ukraine.

“We have turned to Vanco with a request – if they want to continue talks, at first they have to suspend the suit for 60 days, and than we will talk”, Korneychuk noted, adding that in such a way the government proposes to continue the period of talks for at least 60 days.

ForUm

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Ukraine’s government ready to continue dialog with Vanco Prickerchenska

Posted by the Editor on July 30, 2008


News / 30 July 2008 | 14:36

Ukraine's government ready to continue dialog with Vanco Prickerchenska

Ukraine’s government ready to continue dialog with Vanco Prickerchenska

The government of Ukraine is ready to continue dialog with Vanco Prickerchenska Ltd., but only after the company suspends its suit against Ukraine.

Deputy Minister of Justice of Ukraine, acting Minister Yevhen Korniychuk said at the press conference today, ForUm’s correspondent reported.

“Our position is that we will hold immediate consultations with Vanco Prickerchenska Ltd., as soon as it suspends the suit.

According Korniychuk, Vanco Prickerchenska Ltd. informed the Justice Ministry about its appeal to the international arbitration against Ukraine.

“We have turned to Vanco with a request – if they want to continue talks, at first they have to suspend the suit for 60 days, and than we will talk”, Korneychuk noted, adding that in such a way the government proposes to continue the period of talks for at least 60 days.

ForUm

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