With the involvement of experts from the World Bank, the National Bank of Georgia (NBG) has developed new transparency requirements for financial organisations operating in the country in a bid to ensure transparency of prices of financial products sold in combination and encourage competition in the market. The requirements apply to commercial banks and branches…
Siauliu Bankas has started converting Ukrainian hryvnias into euros, the first commercial bank to offer the service in Lithuania. However, only Ukrainians will be allowed to use the service to exchange up to 10,000 hryvnias. Converting the Ukrainian currency into euros became possible after Lithuania’s central bank signed agreements with its Ukrainian counterpart and Siauliu…
The head of the National Bank of Ukraine, Kyrylo Shevchenko, has submitted a resignation letter. The top banker announced his move on his Facebook page. “Dear friends, due to the health-related issues that cannot be ignored any longer, I have made a difficult decision. I am resigning from my position as the NBU Governor,” the…
The degree of digitisation of the Polish banking sector is above the global average, a study by the consulting company Deloitte has shown. The “Digital Banking Maturity 2022” report, published on September 29, is based on an analysis of 304 banks in 41 countries. The banks analysed were divided into four categories: digital champions who…
Commercial banks in Georgia loaned GEL 43.21 billion ($15.3 billion) and received deposits of GEL 41.76 billion ($14.78 billion) in August, the latest data from the National Bank of Georgia showed. The volume of loans increased by 2.68% in August compared to the previous month, while the number of deposits increased by 7.74%. Last month,…
The head of the National Bank of Georgia Koba Gvenetadze has been nominated among the best central bankers of 2022 for the fifth year in a row by Global Finance, a leading monthly financial magazine. Gvenetadze, who became the chairman of the bank in 2016, earned one of the three highest grades – “A-” in…
As of August 1, the share of non-performing loans (NPLs) in Ukraine’s banking sector increased to 30%. The relevant statement was made by the National Bank of Ukraine (NBU) on Telegram. According to the NBU, the amount of NPLs rose by UAH 24.2 billion in July. (Ukrinform/Business World Magazine)