The war remains the key risk for the banking system, but the lack of qualified personnel has become another additional risk. First Deputy Governor of the National Bank of Ukraine (NBU) Kateryna Rozhkova said this during the presentation of the Financial Stability Report. “The war remains the key risk for banks. Another additional risk that…
Following the results of the competition, the supervisory board of First Investment Bank JSC, which was nationalized and transferred to the management of the State Property Fund, was elected. This was announced on Telegram by the head of the State Property Fund Vitalii Koval. “The nationalized (sanctioned) PIN bank received independent members of the supervisory…
Szymon Holownia, the speaker of parliament, claims that he will ignore an order by the Constitutional Tribunal (TK) to halt proceedings to put central bank governor Adam Glapinski on trial. Holownia, who is a leading figure in the current ruling coalition, says that the TK, which is widely seen as being under the influence of…
The banking system of Ukraine showed its preparedness, as it endured Russian missile attacks on energy infrastructure in the first two spring months. However, some difficulties were observed in the operation of bank offices in the most affected settlements. The relevant statement was made by Globus Bank Board Chairman Serhii Mamedov. “Of course, it is…
Amidst discussions about Bulgaria’s journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria’s banking system, stating it aligned closely with Eurozone standards. Chobanov’s remarks came during a conference organized by the Association of Banks in Bulgaria (ABB), where he emphasized the banking sector’s compliance…
One of Poland’s leading banks has faced a backlash after it emerged that many of its Ukrainian account holders are exempt from an increase in fees for other customers. The bank notes, however, that those accounts are held by refugees who are protected by Polish and EU regulations from such fees. This week, mBank, owned…
In an unprecedented move, Poland’s ruling coalition has submitted a motion to put central bank governor Adam Glapinski – appointed under the former Law and Justice (PiS) government – on trial. They accuse Glapinski – a longstanding associate of PiS chairman Jaroslaw Kaczynski – of breaking several laws and of violating his constitutional obligation to…