Ukreximbank

Ukreximbank, 100% state-owned, is Ukraine’s third largest bank with end-1H16 assets of $6.1bn (12% market share). Corporates, mostly export/import-oriented businesses and state-owned enterprises, account for over 98% of the bank’s loan book.
Year 2021 2022 2023 2025 2029
Issue Volume ($m) 150 750 125 600 100
Coupon Rate (% p.a.) 16.50% 9.625% 9.05% 5) 9.75% 9.95%
Coupon Frequency S/A S/A S/A S/A S/A
Maturity date 3/2/2021 4/27/2022 2/9/2023 1/22/2025 11/14/2029
Ratings: Moody`s/S&P/Fitch -/-/Bemr Caa1/-/B Caa2/-/CCC *+ Caa1/-/B -/-/-
Market Price* ($) 100.25 103.50 100.00 105.50 101.00
Market YTM* 16.85% 6.84% 8.89% 6.96% 9.50%
Spread over UST* 560 517 700 525 775
Note: *Based on bid price.
Year 2018 2019E 2020F
Total Assets ($m) 5,838 5,850 -
Total Revenues ($m) 68 160 -
Net Income ($m) 30 50 -
Equity ($m) 305 330 -
NIM (%) - - -
Equity/Assets (%) 5.2% 5.6% -
ROE (%) 7.4% 15.7% -
ROA (%) 0.5% 0.9% -

Latest news about Ukreximbank

Nov 18, 2019
| Banking

Ukreximbank — Security service detains CEO

The State Security Service announced on Saturday it detained Ukreximbank CEO Oleksandr Hrytsenko at the request of the Prosecutor General’s Office. The agency said the executive was suspected of complicity in laundering illicitly gained assets for the entourage of former President Viktor Yanukovych (2010-2014), accusing him of illegally lifting the seizure on the property of a local media holding company.
Nov 08, 2019
| Banking

Ukreximbank — Launches $100m subordinated issue

State-owned Ukreximbank launched its $100m USD-denominated Reg S only Basel 2 subordinated Tier 2 10NC5 loan participation notes at 9.95%. The optional repayment date is Nov. 14, 2024 (in whole at 100% subject to NBU permission) and final maturity date is Nov. 14, 2029.
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