Commercial banks in Georgia loaned GEL 42.09 billion ($14.85 billion) and received deposits of GEL 38.75 billion ($13.67billion) in July, the latest data from the National Bank of Georgia showed. The volume of loans decreased by 3.58% in July compared to the previous month, while the number of deposits increased by 1.27%. Last month, the…
Last week, the National Bank of Ukraine (NBU) sold $521.69 million on the interbank foreign exchange market. The relevant data were posted on the NBU’s website. In particular, following the foreign exchange interventions, between August 8 and August 12, the NBU acquired $93.4 million and sold $521.69 million on the interbank foreign exchange market. In…
Siauliu Bankas, the last Lithuanian bank accepting Russian payments for Kaliningrad transit services, has called on the government to provide clarity. “Public authorities must state clearly whether transit is a function of interest to the state, or not,” Vytautas Sinius, the CEO of Siauliu Bankas, said. “We are waiting for a clarification from public authorities…
The CEO of PKO BP bank, Poland’s largest lender, has quit her job. Iwona Duda has held the post since January. Her resignation was effective from August 9, the bank said in a statement. No reason was given for Duda’s departure. At the same time, Pawel Gruza has been appointed as PKO BP bank’s deputy…
Banks operating in Lithuania say they are waiting for clarifications from the government on whether to handle payments for Russia’s Kaliningrad transit. According to the Lithuanian Banking Association, they need assurances they will not breach international sanctions for servicing Russian payments. “For a financial institution to be able to consider a possibility to apply an…
At its meeting on July 29, the Cabinet of Ministers approved changes to the regulations regarding targeted lending programs. This was announced by Prime Minister Denys Shmyhal. “After the NBU raised the discount rate, such programs as “5-7-9″, financial leasing and state portfolio guarantees slowed down. This is what the business says. Therefore, the Government…
Commercial banks in Georgia loaned GEL 43.65 billion ($14.85 billion) and received deposits of GEL 38.27 billion ($13.02 billion) in June, the latest data from the National Bank of Georgia showed. The volume of loans increased by 1.24% in June compared to the previous month, while the number of deposits increased by 3%. Last month,…