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…
The National Bank of Ukraine (NBU) provided a total of UAH 128 million in refinancing to two banks. On September 24, a quantitative tender was held for the refinancing of banks for a term of 84 days. The application of two banks for a total sum of UAH 128 million at an interest rate of…
In August, inflows of funds to banks being under liquidation amounted to UAH 191.4 million, of which UAH 174.9 million came from the sale of assets through electronic auctions, according to the press service of the Deposit Guarantee Fund of Ukraine. The largest revenues from the sale of assets came to the accounts of: JSC…
The net profit of Ukrainian solvent banks amounted to UAH 45.6 billion in January-August, up by UAH 13 billion YoY, the press service of the National Bank of Ukraine (NBU) posted on its Telegram channel. In January-August, solvent banks received UAH 45.6 billion in net profit, up by 40%. Banks’ revenues for the first eight…
President Gitanas Nauseda has appointed his adviser Simonas Krepsta to the board of the Bank of Lithuania. Krepsta will fill a vacant spot in the bank’s five-member executive body. He was Nauseda’s chief adviser on economic and social policy. Irena Segaloviciene, who is advising the president on social issues, will replace Krepsta in Nauseda’s team,…
Swedbank Estonia reported first half of 2021 profits of EUR 89.2 million, a rise of a little under 2% YoY. The increase in profit, of EUR 1.6 million, was mainly the result of increased income for the bank. Olavi Lepp, Swedbank AS CEO, said: “Restrictions related to the COVID-19 pandemic were eased in the second…