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,…
Leading commercial banks Swedbank and SEB have not allowed bank transfers to or from Russia for some time, while LHV has been accepting some incoming payments but is planning additional restrictions. No EU sanctions package includes a ban on bank transfers. The initiative is that of the banks whose reasons for doing so are similar.…
The ICC International Court of Arbitration has refused to hear a lawsuit filed by Russia’s Fund for Protection of Investors’ Rights in Foreign States against Lithuania on more than 1 billion euros in damages over the nationalisation of the Snoras bank. The bank collapsed in 2011 and the Lithuanian government nationalised its shares from its…
Estonia’s two largest retail banks, Swedbank and SEB, are increasing the prices of their in-branch services. The cost for customers completing a bank transfer at a Swedbank or SEB branch will soon rise to EUR 5. When asked if the price increases were a result of the current market situation, Tarmo Sulla, Swedbank’s head of…