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…
As of January 1, 11 banks provided loans for a total sum of UAH 7.35 billion under state guarantees on a portfolio basis, the Finance Ministry’s press service reported. “As part of the support for micro-, small- and medium-sized businesses in Ukraine through the instrument of state guarantees on a portfolio basis, as of January…
Ukrainian banks issued 9,700 mortgage loans worth UAH 7.9 billion in January-November 2021, according to another survey of banks on the volume of mortgage loans granted to the population. “In total, in the first 11 months of 2021, banks issued 9,700 mortgage loans totaling UAH 7.9 billion. Compared to the same period of the previous…
In the banking sector of Ukraine, the share of non-performing loans (NPL) as of December 1, 2021 decreased to 30.7% against 32.7% as of November 1, 2021, the National Bank’s press service reported. Since early 2021, the share of NPLs has decreased by 10.3% (UAH 73.8 billion in absolute terms), being observed in banks of…
Revolut Bank, a part of the British fintech Revolut, has been granted a banking license, the Bank of Lithuania (LB) reports. Upon LB’s proposal, the banking license was issued by the European Central Bank. The company, headquartered in London, runs a specialized bank, Revolut Bank, and an e-payment platform Revolut Payments. CEO Joe Heneghan said…
The head of the National Bank of Kyrgyzstan, Tolkunbek Abdygulov, is resigning. It is expected that he will officially announce his decision at a meeting of the Committee on Economic and Fiscal Policy. The press service of the National Bank does not comment on the resignation. The official representative of the National Bank of the…