Ukrainian banks have generated UAH 9.9 billion in net profit over the past two months. The relevant statement was made by the National Bank of Ukraine. “In January-February, solvent banks generated UAH 9.9 billion in net profit, which was 53% higher compared to the same period last year (UAH 6.5 billion),” the report states. During…
The National Bank has approved a list of additional measures to maintain the stability of the banking system by minimizing the negative impact of Russian aggression. The regulator has temporarily expanded the list of streamlined regulations governing banking operations. The easing relates to the Regulation on Determining the Amount of credit risk on active banking…
The National Bank of Georgia (NBG) has denied the information on an alleged termination of financial transfers from European countries to Georgia, calling it a “lie and an attempt to mislead the citizens”. A statement by the bank said the rumour followed information from a single Swedish bank about termination of transactions to Georgia, and…
In the context of the sanctions imposed by the EU and US Department of the Treasury Office of Foreign Assets Control (OFAC), banks in Latvia have frozen funds worth approximately EUR 11.5 million, as reported by Finance and Capital Market Commission (FKTK). According to FKTK, banks in Latvia have identified two private persons who are…
In the context of the events in Ukraine, the National Bank of Moldova (BNM) considers it necessary to inform citizens that the banking sector of the Republic of Moldova remains stable, robust and resilient. It has sufficient liquidity to ensure the continuity of its normal operation. “The current level of reform and modernization of the…
Lithuanian central bank has told the country’s commercial banks to prepare for possible power cuts and cyberattacks, as fears of Russia invading Ukraine continue to mount, Reuters has reported. Losing electricity and Internet access were “extreme but possible” scenarios that the Bank of Lithuania told the country’s banks to be ready for in a letter…
The National Bank of Ukraine (NBU) provided UAH 1.045 billion in refinancing to five banks, the central bank’s press service reported. “On February 11, a quantitative tender was held for the refinancing of banks for a term of 28 days. The application of five banks for a total sum of UAH 1,045.0 million at an…