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…
The largest bank in Ukraine, PrivatBank (Dnipro) posted a 6.5-fold rise YoY in profit in January-September, to 592 million UAH, the bank has said in a report. Net interest income (before payments to reserves) over the period reached 3.085 billion UAH (3.281 billion UAH in January-September 2015). Commission revenue grew by 71%, to 7.587 billion…
The National Bank of Ukraine (NBU) intends to replenish the national budget in November and December, transferring tranches in the amount of 14 billion UAH and 14.164 billion UAH respectively, NBU Head Valeriya Gontareva has said. “The National Bank has transferred 10 billion UAH of profit. The remaining amount will be transferred in two tranches…
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…