Belarus: CITIC Bank eager to buy local bank

China CITIC Bank is interested in buying a Belarusian bank. The idea was discussed as Prime Minister of Belarus Andrei Kobyakov met with a delegation of the Chinese corporation CITIC Group led by President Wang Jiong. According to Andrei Kobyakov, the possibility of buying a share in a Belarusian bank has already been discussed with…

Ukraine: Deposit Guarantee Fund continues payments to depositors of Bank National Investments

The Deposit Guarantee Fund has resumed payments to the depositors of PJSC Bank National Investments, the fund’s press service reports. “From May 2 the Deposit Guarantee Fund is carrying out payments to the depositors of PJSC Bank National Investments under bank deposit agreements, regardless of their date of termination, and under bank account agreements (including…

Ukraine: FUIB takes second place in the nomination “Support of SMEs” in the Financial Oscar-2017 rating

First Ukrainian International Bank (FUIB) took leading positions in the Financial Oscar rating by the magazine “Business” according to the results of 2017. Thus, FUIB turned out to be one of the leaders in the nomination “Support of SMEs”, ranking second in the rating. It entered TOP-3 in the “Agrarian Bank” category, receiving the second…

Azerbaijan: major bank creates investment company

Azerbaijan’s Bank BTB has created a BTB Kapital investment company.

The authorized capital of the company is 350,000 manats. The official representative of the company is Rustam Jafarov.

Presently, five investment companies with a total turnover of 4.3 billion manats operate in Azerbaijan.

Bank BTB has been operating in Azerbaijan since 2010. (Trend/Business World Magazine)

Kazakhstan: Kazkommertsbank and Halyk Bank merger to be completed in H2 2018

S&P Global Ratings kept their “B+” long-term global scale issuer credit rating and “kzBBB-” long-term Kazakhstan national scale rating on Kazkommertsbank (KKB) on CreditWatch with positive implications, where it was placed on December 22, 2017, the press office of the international rating agency reported. At the same time, the rating agency affirmed the “B” short-term…