Daily monitor

Raiffeisen Bank Aval [BAVL UZ, U/R] announced that it has redeemed an additional USD 150 mln of an overall USD 500 mln syndicated loan, which was attracted in April 2007 for a period of two years at LIBOR +1.2%. As Sokrat earlier reported, BAVL repaid USD 250 mln of this loan on February 13. The loan, as a whole, must be paid by April 19.

During its EGM held on March 13, shareholders of Ukragzbank [UGZB UZ, U/R] decided to ask the state to purchase a stake in the bank.

At its AGM last Friday, the southern Ukrainian electricity distribution company Krymenergo [KREN UZ, BUY] decided to pay out UAH 4.2 mln in dividends for the year 2008.

Mostobud [MTBD UZ, U/R], the largest bridge construction company in Ukraine, announced that it has reported a net income of USD 1.7 mln. This compares to the results of 2007, when the net loss constituted USD 2.8 mln.

Donetskgirmash [DGRM UZ, N/R], a large Ukrainian producer of mining machinery, has produced a net loss of USD 835 thsd (UAH 4.426 mln) in 2008, which is 8.1 times lower in UAH terms or 8.6 times lower in USD terms than reported in 2007.

Druzhkivka Machinery [DRMZ UZ, U/R], one of leading producers of mining equipment in the CIS, has increased its net profit for 2008 to USD 0.1 mln.

The Kharkiv-based Svitlo Shakhtarya Machine Building Plant [HMBZ UZ, HOLD], one of the largest CIS producers of scrape conveyors used in coal mining, has increased its net profit to USD 9.1 mln (UAH 48.501 mln, the AoP at USD/UAH 5.3 for 2008 and 5.05 for 2007) in 2008, which is 56% higher in UAH terms or 48% more in USD terms than was reported in 2007.

Ukraine's Bogdan Corporation may set up a joint venture in Russia for the production of trolleys and subway cars, together with Saint Petersburg's ‘Vagonmash’ company.

In February 2009, the number of Internet users in Ukraine rose 5.1% MoM to reach 10.945 mln unique users, according to a report by the Bigmir-Internet Company, the Internet branch of the Ukrainian KP Media holding.

The Dnipropetrovsk Pipes Plant [DTRZ UZ, N/R] has announced an AGM for April 28.