Pawel Mucha, a board member of the National Bank of Poland (NBP), has apparently criticised his boss for the amounts of bonuses he takes. Mucha, a former presidential official, has been in conflict with the central bank governor, Adam Glapinski. “The NBP President’s bonuses for the first quarter – 3x, second quarter – 3.5x, third…
The National Bank of Ukraine (NBU) sold $546 million on the interbank foreign exchange market over the past week. These are the results of currency interventions published on the central bank’s website. From December 4 to 8, the National Bank sold $546 million and purchased $1.99 million on the interbank foreign exchange market. Since the…
The National Bank of Ukraine (NBU) sold $739.5 million on the interbank foreign exchange market over the past week. These are the results of currency interventions published on the central bank’s website. Between November 27 and December 1, the National Bank sold $739.5 million and purchased $1.6 million on the interbank foreign exchange market. Since…
BNP Paribas, Poland’s sixth largest bank by assets, is planning group redundancies covering up to 900 employees, the bank has said in a statement. The redundancies will be carried out in 2024-2026. “The Board of Directors of BNP Paribas, in connection with the ongoing measures to improve operational and cost efficiency has decided to continue…
The Council of Europe Development Bank (CEB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and the World Bank have agreed to harmonize procurement practices for public sector investment financed by the multilateral development banks (MDBs) in Ukraine. “Reconstruction needs for Ukraine will be huge. The cost of reconstruction following…
The National Bank of Ukraine (NBU) sold more than $638 million on the interbank foreign exchange market over the past week. These are the results of currency interventions published on the central bank’s website. Between August 28 and September 1, the National Bank sold $638.32 million and purchased $0.15 million on the interbank foreign exchange…
Hardly anyone will be surprised that a number of bank charges will be raised again. Some of them have already been a fact for several days, while for others it is coming from the beginning of September, and for others – in October. Physical contact with bank employees related to cash operations is expected to…