The National Bank of Ukraine (NBU) from October 28, cuts refinancing rate from 15% to 14%. The central bank said in a press release that the decision on the size of the refinancing rate was approved by its board on October 27. “The further relaxation of the monetary policy is linked to the reduction of…
Profit of state-run Oschadbank (Kyiv) in January-September totaled 410.7 million UAH, while the bank saw 5.4 billion UAH loss a year ago, the bank has said in a press release. Operating income over the period exceeded 7 billion UAH, including almost 5 billion UAH of net interest income and 1.5 billion UAH of net fee…
The share of distressed assets at Belarusian banks has grown by 8% since early 2016 to 15% at the moment. First Vice Chairman of the National Bank of Belarus (NBB) Taras Nadolny released these figures at the conference “The Role of the Export-Import Agency in the Belarusian Economy” on October 7 in Minsk. Stress test…
Independent rating agency Credit-Rating announced the confirmation of the long-term credit rating of the First Ukrainian International Bank (FUIB) at the level uaAA. The rating outlook is stable. The agency has also confirmed the deposits reliability rating of the bank at the level of “5” (highest reliability). The rating was updated on September 29. When…
OAO Belgazprombank will act as an agent bank to secure the execution of an agreement between Belarus government and Gazprombank on financing Belarusian exports to Russia. In accordance with Belarus government resolution No. 769 dated September 27, Belgazprombank will charge a fee of up to 0.02% of the amount to be compensated by Belarus at…
OAO Belagroprombank is planning to attract the loan of the Nordic Environment Finance Corporation (NEFCO) to sponsor environmental projects. The relevant agreement was signed by the bank and NEFCO on September 28, in Minsk. The Nordic Environment Finance Corporation (NEFCO) is an International Financial Institution established by the Nordic Governments in 1990. NEFCO provides results-based…
Participation of the International Bank of Azerbaijan (IBA) in the annual banking and financial conference and exhibition Sibos in Geneva aroused interest of the visitors. This year the IBA joined this leading global event for the international financial community for the first time. The IBA’s stand was placed in the center of the exhibition hall…