The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, increased the reference interest rate by 100 basis points, to 4.50% on April 6, surprising economists who expected half the increase. The National Bank of Poland’s lombard rate was raised from 4.00% to 5.00%, the rediscount rate from 3.55% to 4.55% and the discount…
As of March 31, the banking system recorded an inflow of UAH 28 billion (in all currencies) to deposits of individuals and legal entities, Head of the National Bank, Kyrylo Shevchenko, reported. “As of March 31, we see the inflow worth the equivalent of UAH 28 billion to deposits of individuals and legal entities (in…
As of March 25, there were assets worth approximately EUR 55 million frozen in banks in Latvia due to sanctions imposed by the European Union and US Department of the Treasury’s Office of Foreign Assets Control (OFAC), as reported by Finance and Capital Market Commission (FKTK). “Two week ago a major increase of the frozen…
Commercial banks in Georgia loaned 43.25 billion GEL ($13 billion or EUR 12 billion) and received deposits of 37.63 billion GEL ($11 billion or EUR 10 billion) in February, the National Bank of Georgia (NBG) reported. The volume of loans has increased by 1.09 billion GEL (2.58%) MoM. The number of deposits increased by 856.15…
Ukrainian banks have generated UAH 9.9 billion in net profit over the past two months. The relevant statement was made by the National Bank of Ukraine. “In January-February, solvent banks generated UAH 9.9 billion in net profit, which was 53% higher compared to the same period last year (UAH 6.5 billion),” the report states. During…
The National Bank has approved a list of additional measures to maintain the stability of the banking system by minimizing the negative impact of Russian aggression. The regulator has temporarily expanded the list of streamlined regulations governing banking operations. The easing relates to the Regulation on Determining the Amount of credit risk on active banking…
The National Bank of Georgia (NBG) has denied the information on an alleged termination of financial transfers from European countries to Georgia, calling it a “lie and an attempt to mislead the citizens”. A statement by the bank said the rumour followed information from a single Swedish bank about termination of transactions to Georgia, and…