Ukraine: NBU registers iBox Money Transfer

On August 4, the National Bank of Ukraine registered the iBox Money Transfer international remittance system, the payment organization of which is PJSC iBox Bank (formerly Agrocombank, Kyiv). Participants in the payment system are OJSC Zaminbank (Azerbaijan) and PJSC Artem-Bank (Kyiv). According to the NBU, taking into account iBox Money Transfer, currently eight payment systems,…

Ukraine: NBU registers Sigue Money Transfer

On August 15, the National Bank of Ukraine (NBU) registered the Sigue Money Transfer international system, the payment organization of which is Cel.Int Ltd (UK). Participants in the payment system are PrivatBank, Oschadbank, and Unex Bank. According to the NBU, taking into account Sigue Money Transfer, currently ten payment systems are registered, the payment institutions…

Uzbekistan: Uzpromstroybank allocates 571 billion soums of loans to entrepreneurs

Joint-stock commercial bank “Uzpromstroybank” is one of the largest financial institutions of the Republic. The bank serves more than one million legal entities and individuals, providing them with various types of banking services. The bank also pays significant attention to the financial support of small business and private entrepreneurship entities. Over the first half of…

Uzbekistan: S&P affirms Turonbank’s rating with stable outlook

Measures undertaken in the country to strengthen the financial stability of commercial banks have a positive effect on their assessment by international rating agencies in terms of creditworthiness. In particular, the implementation of effective banking supervision on the basis of international standards, constant monitoring of quality of assets and liquidity of banks have allowed domestic…