The central Bank of Lithuania has set up a specialised Centre for Financial Market Development to promote continuous successful growth of the country’s financial market. The centre will look for ways to strengthen the existing financial market participants and attract new ones, promote sustainable FinTech development, implement capital market development measures. The Bank of Lithuania’s…
The National Bank of Poland (NBP) has over EUR 140 billion in foreign currency reserves, nearly twice as much as 10 years ago, the bank’s president has written in a weekly magazine. Writing in the “Wszystko co najwazniejsze” (“Everything that’s most important”) opinion magazine, published by the New Media Institute Foundation, Adam Glapinski argued that…
Over the first quarter of 2022, Ukraine’s monobank suffered losses in the amount of over UAH 100 million. The financial statements for the first quarter were forwarded to the National Bank on April 13, monobank co-founder Oleh Horokhovsky wrote on Telegram. According to the official, January was “very profitable” for the bank, February saw a…
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…