The executive director at the Alliance for Financial Inclusion (AFI) Alfred Hannig visited Tajikistan on June 28-29. According to AFI’s website, Hannig held talks with Umed Latifov, deputy chairman of the National Bank of Tajikistan (NBT), and Lola Salimova, deputy chairwoman of the NBT. Salimova reportedly stressed how important it was for the countries in…
Preliminary data suggests that as of July 1, Ukraine’s international reserves amounted to the equivalent of $13.98 billion. The stock of international reserves keeps increasing for a third consecutive month. In June, international reserves expanded by 3.3% MOM, or by $452 million. In annual terms, international reserves rose by 36.3% YoY. June’s increase in international…
Hungary is ready to increase funding for the projects in Azerbaijan through the state Eximbank in case of necessity, Imre Laslotsky, Hungarian extraordinary and plenipotentiary ambassador to Azerbaijan, said. “Eximbank’s credit line worth $200 million was opened for these purposes within the framework agreement”, Laslotsky said. “In case of necessity, the amount of funding can…
An article “Tajikistan: Retailers Face Giant Bank Card Fines” that was posted on EurasiaNet.org’swebsite on July 4, notes that Tajikistan’s banking regulators are forcing retailers and restaurants to accept payment by bank card against the threat of fines of up to $1 thousand in the latest wheeze to compensate for the lack of cash in…
NBU governor Valeria Gontareva has informed on the planned reshuffle of the board that would take place in the near future. Gontareva said that Vladyslav Rashkovan was set to complete his duties as NBU deputy governor on August 1, 2016. She underlined that Rashkovan had actively participated in reforming the banking system and implementing the…
The total network of operating structural units of Ukrainian banks in the first half of 2016 decreased by 1049 offices, or by 8.8%, in particular because of insolvent banks – by 498 branches, according to the website of the National Bank of Ukraine (NBU). According to the report, the reduction of the banks’ network in…