Azerbaijan’s Financial Market Supervisory Authority has presented a map of bank branches and offices in top tourism destinations in the country. Besides Baku, the map also covers main tourism regions of Azerbaijan – Ganja, Guba, Gabala and Shaki. The bank branches that operate around-the-clock and on weekends are highlighted on the map. The map was…
Russian banks have slowed down their activeness in Kazakhstan. The total loan portfolio of Kazakh subsidiaries of Russian banks decreased by 154 billion tenges, or by 11% since the beginning of 2016. The loan portfolio of Russian banks in Kazakhstan is reducing faster than the loan portfolio of other banks – the total loan portfolio…
The number of unprofitable banks in Ukraine in January-September decreased to 35 out of 100 operating banks, while in 2015 loss was recorded at 41 banks, in 2014 – at 52 banks. According to the website of the National Bank of Ukraine (NBU), the overall balanced loss in the banking system of the country in…
Governor of the National Bank of Ukraine Valeria Gontareva has met with Dominique Strauss-Kahn, former IMF managing director (2007-2011) and a member of the Supervisory Board of Bank Credit Dnepr PJSC. At the meeting participants discussed the key problems and challenges facing the domestic banking sector that had direct implications for the country’s economic growth…
Belarus’ Belagroprombank has announced a special offer (valid from till February 28, 2017) with credits for small business development available at 19% (Belarusian rubles) and 9% per annum (dollar and euro). Belagroprombank’s SME credit offer targets finically stable self-employed businessmen and privately-owned companies with annual proceeds under $5 million and a positive credit history. OAO…
Kyrgyzstan calls for creation of a development bank and a development fund of the Shanghai Cooperation Organization (SCO) in a short time, Kyrgyz acting Prime Minister Sooronbai Jeenbekov said. “These institutions must become effective instruments of financial support for joint economic projects”, he said. SCO member countries agreed to create a development bank and a…
Currency reserves of the Central Bank of Azerbaijan (CBA) decreased by $127.2 million MoM (3.08%) to $4.005 billion in October, according to the CBA statistical data. The Central Bank’s currency reserves have decreased by 1.011 billion manats, or by 20.2% since early 2016. The reduction in CBA’s currency reserves began in June 2014. The reduction…