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…
Lithuanian banks will be making more thorough checks of international payments to Belarusian companies that might fall under the EU sectoral sanctions. The checks are needed to enforce the European Union’s targeted economic sanctions on Belarus, the Association of Lithuanian Banks (LBA) says. Bank clients are warned that financial institutions might ask to provide additional…
The National Bank of Ukraine (NBU) provided a total of UAH 5.425 billion in refinancing to 17 banks, the central bank’s press service reports. On July 9, quantitative tenders were held for the refinancing of banks for a term of 84 days. The applications of two banks for a total sum of UAH 425 million…
Banks in Latvia have implemented numerous changes to improve their internal control systems, as reported by the Finance and Capital Market Commission (FKTK). In 2020, FKTK performed 12 inspections in the field of money laundering and terrorism financing prevention. While in previous years most inspections concluded with administrative cases and penalties, in 2020 FKTK had…
The National Bank of Ukraine (NBU) provided a total of UAH 750 million in refinancing to five banks, the central bank’s press service reported. “On June 25, a quantitative tender was held for the refinancing of banks for a term of 84 days. The applications of five banks for a total sum of UAH 750.0…
The National Bank of Ukraine (NBU) has approved the methodology for bank stress testing in 2021, the central bank’s press service reports. The NBU reminded that stress testing was one of the stages of the banks’ resilience assessment. “This year 30 institutions are to be stress tested. They account for 93% of the banking system…