The National Bank of Ukraine (NBU) sold $50 million on the interbank foreign exchange market last week, according to data provided by the central bank. According to the results of foreign exchange interventions, the National Bank sold $50 million on the interbank foreign exchange market between March 29 and April 2. The regulator didn’t conduct…
Uzbekistan’s largest and one of the oldest state-owned banks, Uzpromstroybank (UzPSB) is set to go private until 2023. According to a government resolution adopted on March 29, the International Finance Corporation (IFC) is to open a $75-million credit line for this purpose. All or part of the loan is to be converted into additional ordinary…
Ukrainian banks’ net profit shrank by 59.1% YoY in January-February, to UAH 6.491 billion ($232.1 million). That’s according to the National Bank of Ukraine. The banks’ revenue over the period under review decreased by 24.1%, to UAH 35.1 billion ($1.25 billion). (UNIAN/Business World Magazine)
Since the beginning of 2021, UAH 112.4 million has been transferred to the accounts of insolvent banks, including UAH 91.3 million in February, according to the press service of the Deposit Guarantee Fund of Ukraine. The largest funds came from redemption of securities – UAH 48.7 million (JSC Misto Bank), from the sale of assets…
The National Bank of Ukraine (NBU) provided a total of UAH 180 million in refinancing to two banks, the central bank’s press service reported. “On March 19, a quantitative tender was held for the refinancing of banks for a term of 84 days. The applications of two banks for a total sum of UAH 180.0…
In February, JSC Ukreximbank generated UAH 99.5 million in net profit, according to the bank’s press service. Since the beginning of 2021, the state-owned bank has received a total of UAH 201.9 million in net profit. According to the bank’s press service, the positive dynamics was achieved, in particular by continuing the measures to optimize…
The credit portfolio of Latvian banking sector declined by 3.9% or by EUR 523.785 million YoY in 2020 and was EUR 12.948 billion, according to data compiled by the Finance Latvia Association. The credit portfolio of banks that are members of the association has declined by 1% or by EUR 123.218 million, composing EUR 12.212…