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…
The First Ukrainian International Bank (FUIB) received UAH 1 billion in net profit in the first quarter of 2021, up by 23% YoY. The bank’s operating income in Q1 amounted to UAH 2,412.6 million against UAH 2,041.2 million in 2020. FUIB’s net interest income rose by 21%, to UAH 2,029.1 million. FUIB’s net commission income…
Banks received UAH 10.9 billion in net profit in January-March, down by 32% YoY, when the banking sector earned more than UAH 16 billion, the press service of the National Bank of Ukraine (NBU) reported. “The main factor holding back the growth of the sector’s profitability in the first quarter was changes in the fair…
The National Bank of Ukraine (NBU) has determined a list of critical infrastructure facilities in Ukraine’s banking system, the NBU’s press service has reported. Such powers are provided to the NBU by the law of Ukraine “On Basic Principles of Ensuring Ukraine’s Cybersecurity”. The critical infrastructure facilities in Ukraine’s banking system include banks, the sustainable…
JSC Ukreximbank generated UAH 125 million in profit in March, according to the bank’s press service. Since the beginning of 2021, the state-owned bank has received a total of UAH 327 million in profit against a loss of UAH 2 billion recorded in January-March 2020. “Profitable activity in the reporting period was provided by the…