On April 8, Latvian Saeima approved amendments to the Law on the Bank of Latvia. Changes are suggested for the structure of the central bank and responsibilities of its various managing bodies. The Saeima this week declared amendments urgent and had them reviewed in two readings. The proposed changes provide for altering the management model…
Finance Ministry says Ukrainian banks have issued 12,539 loans worth UAH 30.8 billion ($1.1 billion) since the launch of the state-run “Affordable Loans: 5%-7%-9%” program. Some 833 new loans totaling UAH 1.9 billion ($68 million) were provided last week alone, the ministry’s press service said on its website. In particular, transactions on refinancing of already…
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…