In the context of the sanctions imposed by the EU and US Department of the Treasury Office of Foreign Assets Control (OFAC), banks in Latvia have frozen funds worth approximately EUR 11.5 million, as reported by Finance and Capital Market Commission (FKTK). According to FKTK, banks in Latvia have identified two private persons who are…
In the context of the events in Ukraine, the National Bank of Moldova (BNM) considers it necessary to inform citizens that the banking sector of the Republic of Moldova remains stable, robust and resilient. It has sufficient liquidity to ensure the continuity of its normal operation. “The current level of reform and modernization of the…
Lithuanian central bank has told the country’s commercial banks to prepare for possible power cuts and cyberattacks, as fears of Russia invading Ukraine continue to mount, Reuters has reported. Losing electricity and Internet access were “extreme but possible” scenarios that the Bank of Lithuania told the country’s banks to be ready for in a letter…
The National Bank of Ukraine (NBU) provided UAH 1.045 billion in refinancing to five banks, the central bank’s press service reported. “On February 11, a quantitative tender was held for the refinancing of banks for a term of 28 days. The application of five banks for a total sum of UAH 1,045.0 million at an…
The total amount of deposits of individuals in banks-participants of the Deposit Guarantee Fund of Ukraine amounted to UAH 675.6 billion in 2021. “As of January 1, the total amount of deposits of individuals (including private entrepreneurs) in banks-participants of the Deposit Guarantee Fund of Ukraine amounted to UAH 675.6 billion, up by 11.2% or…
In the money laundering prevention field banks in Latvia have done a lot, which inspires confidence that the country’s financial system is no longer used for money laundering purposes, says the chief of Finance and Capital Market Commission (FKTK) Santa Purgaile. “In recent years we have worked and have done a lot in this field.…
The bank business model change process is not over in Latvia, says the chairperson of Latvian Finance and Capital Market Commission (FKTK) Santa Purgaile. She said several years ago it became clear a number of banks in Latvia would need to transform, change their business model and strategy. It was also clear not all banks…