Total volume of individuals’ deposits in Azerbaijani banks amounted to 7.76 billion manats according to the results of Q2 2016, and the volume of insured deposits – to 5.66 billion manats, said a message from Azerbaijan Deposit Insurance Fund (ADIF). “Portfolio of insured deposits decreased by 543 million manats (8.8%) during the reporting period QoQ,…
Ukrainian businessman Borys Kaufman intends to acquire a controlling stake in Platinum Bank (Kyiv) in the amount of 75% plus one share. According to the press service of Kaufman, on August 1, he filed a package of documents to the National Bank of Ukraine (NBU) to obtain permission. Kaufman intends to participate in subscription to…
The National Bank of Ukraine (NBU) has permitted international institutions to provide humanitarian aid to individuals using electronic money, the central bank has said in its website. Amendments to the provision on e-money in Ukraine are outlined in NBU resolution No. 358 dated July 26, that took effect on July 30. The document improves the…
Total sum of net assets of Qishloq Qurilish Bank reached 4.861 trillion soums as of June 30. In the result of the second quarter of 2016, total size of the bank’s capital reached 462.4 billion soums, the bank press release said. The credit investments of the bank made up 4.258 trillion soums, of which 203…
The Statement of Financial Position of the central bank suggest that in January-June the National Bank of Ukraine’s assets increased slightly by 24.8 billion UAH, or by 3% YoY, to 874 billion UAH. “On the asset side of the balance sheet, the largest increase was recorded for item “Ukraine’s International Reserves” (foreign securities, SDR holdings,…
The International Bank of Azerbaijan (IBA) strengthened its positions on the payment cards market, the number of which reached 1,286,100 on July 1. For 2015, the IBA significantly improved its service quality and efficiency of its ATM network. As a result, the number of both corporate and individual clients of the bank increased. As a…
In Q2, the National Bank of Ukraine received 163 million UAH from the sale of assets pledged as collateral by insolvent banks against refinancing loans. The proceeds from the sale of collateral more than doubled compared with the amount received in Q1 (92.3 million UAH), bringing the total amount recovered by the NBU in H1…