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…
The ultimate goal of recovering the International Bank of Azerbaijan is to reduce its assets and liabilities and the bank’s privatization should be the next step, Azerbaijan’s Finance Minister Samir Sharifov said. He noted that the bank’s recovery was quite a difficult process and it was too early to talk about its completion. “Unfortunately, the…
International rating agency Standard & Poor’s (S&P) has improved its outlook on BB+ long-term ratings of Russia’s second largest bank VTB Bank in national and foreign currencies to stable from negative, the agency said in a statement. The agency’s move toward VTB ratings also covers VTB’s affiliates VTB Leasing, VTB Leasing Finance, VTB Capital, VTB…
OAO Belarusbank jointly with Russia’s Roseximbank will provide special-terms financing for supplies of high-tech products from Russia to Belarus, the Belarusian bank said in a press-release. Operating as part of Russian Export Centre Group, Roseximbank has been financing Russia’s high-tech products facilitation program since 2015. The banks will provide documentary credit financing in support of…
Elmir Habibullayev has been elected the new chairman of the Supervisory Board of Subsidiary of the International Bank of Azerbaijan (IBA) in Russia, IBA-Moscow, the Center for Disclosure of Corporate Information reported. In addition, by the decision of the parent bank (IBA), Farid Hashimov has been elected a member of the Supervisory Board of the…
Rosinterbank, included in Russia’s 100 largest banks in terms of assets, has completely stopped providing services to its clients, the bank said. “Individual and corporate clients will not be serviced at Rosinterbank’s offices and branches starting from September 15, in order to stabilize the bank’s financial performance”, the bank’s statement said. A source reported that…