Ukreximbank

Ukreximbank, 100% state-owned, is Ukraine’s third largest bank with end-1H16 assets of $6.1bn (12% market share). Corporates, mostly export/import-oriented businesses and state-owned enterprises, account for over 98% of the bank’s loan book.
Year 2023 2025 2029
Issue Volume ($m) 125 600 100
Coupon Rate (% p.a.) 10.426% 9.750% 9.950%
Coupon Frequency S/A S/A S/A
Maturity date 2/9/2023 1/22/2025 11/14/2029
Ratings: Moody`s/S&P/Fitch CC/Ca/- CCC-/Caa3/- -/-/-
Market Price* ($) 25.00 35.00 25.00
Market YTM* - 130.10% 97.30%
Spread over UST* - - -
Note: *Based on bid price.
Year 2020 2021 2022E
Total Assets ($m) 6,822 8,017 -
Total Revenues ($m) 59 248 -
Net Income ($m) (207) 71 -
Equity ($m) 366 446 -
NIM (%) - - -
Equity/Assets (%) 5.4% 5.6% -
ROE (%) neg. 17.5% -
ROA (%) neg. 1.0% -

Company Peers

Latest news about Ukreximbank

Jul 27, 2022
| Banking

Ukreximbank – Continues to service Eurobonds as scheduled

Ukreximbank on Jul. 22 made scheduled amortization and coupon payments for a total of $26m on its 2025 Eurobond, after paying $22m in 2M22.
May 31, 2022
| Banking

Corporates: Ukreximbank

Ukreximbank requested its bondholders’ consent to suspend the application of Clause 12.10 ‘Maintenance of Capital Adequacy’ of its loan agreement until after six months following the cessation of martial law in Ukraine. The bank asked to waive any potential event of default which may arise as a result of its capital adequacy ratio (CAR) falling below the minimum total capital adequacy ratio required by the NBU.
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