Ukraine: banks post over UAH 5 billion in net profit in January 2019

As of February 1, the net profit of Ukrainian banks amounted to UAH 5.43 billion, according to the National Bank of Ukraine (NBU).

The banking system revenue for January amounted to UAH 20.18 billion, spending – UAH 14.754 billion and net profit – UAH 5.426 billion. (Ukrinform/Business World Magazine)

Ukraine: Russian Sberbank’s subsidiary posts $272 million in loss in 2018

Russian state-controlled Sberbank’s Ukrainian subsidiary was in the red in 2018 and posted UAH 7.614 billion, or $272 million, in loss.

The bank’s charter capital as of January 1, was UAH 20.765 billion, or $742 million, the bank said in a report on its website. (UNIAN/Business World Magazine)

Kyrgyzstan: Rosinbank authorized capital doubled

The National Bank of Kyrgyzstan recapitalized Rosinbank and doubled its authorized capital, official website of the National Bank of the Kyrgyz Republic reported. Following the capitalization, the authorized capital of Rosinbank OJSC was increased by more than 700 million soms and brought to 1,498.7 billion soms. “The National Bank conducted financial recovery measures for Rosinbank,…

Uzbekistan: UAE company to buy securities of second largest bank

UAE-based investment company Frontera Capital will acquire securities of O’zsanoatqurilishbank. The delegation of O’zsanoatqurilishbank visited the United Arab Emirates, where the parties signed the agreement on development of cooperation. The document provides for raising $50 million using investment and credit instruments. The agreement also provides for the sale of securities of the Uzbek bank to…

Ukraine: NBU decides to liquidate VTB Bank

The National Bank of Ukraine on December 18 made a decision to terminate the banking license of Kyiv’s VTB Bank, a subsidiary of the eponymous Russian lender, the press service of the Individuals’ Deposit Guarantee Fund reported. “The Deposit Guarantee Fund made the corresponding decision based on the National Bank decision on December 18 on…

Ukraine: Deposit Guarantee Fund introduces temporary administration in VTB Bank

The Individuals’ Deposit Guaranteeing Fund has started the procedure of withdrawing PJSC VTB Bank from the market by introducing temporary administration for one month from November 28 to December 27. According to the fund’s website, Yulia Zabolotna has been appointed temporary administrator of the credit institution. The beginning and procedure of paying guaranteed amount to…

Ukraine: NBU revokes banking license of BM Bank

The National Bank of Ukraine (NBU) has revoked banking and general licenses for foreign exchange operations of JSC BM Bank, the central bank’s press service reports. “The National Bank of Ukraine by the Board’s decision dated November 6, 2017, No.749-rsh, revoked the banking and general licenses for foreign exchange operations from JSC BM Bank and…