The National Bank of Ukraine (NBU) has held a refinancing tender to provide four banks with UAH 563.6 million ($20 million) in refinancing loans at an interest rate of 6% per annum, with an 84-day maturity period. The National Bank holds biddings to maintain banks’ liquidity for up to 90 days. Biddings are held each…
The National Bank of Ukraine (NBU) sold $70 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 $70 million on the interbank foreign exchange market between November 2 and November 6. The regulator also purchased…
Banks in Latvia are well prepared to overcome the COVID-19 crisis, chairperson of the Finance and Capital Market Commission (FKTK) Santa Purgaile has said. “Banks are in financially good health to overcome this crisis,” said the head of FKTK, adding that banks were strong and their liquidity was good. At the same time, Purgaile admitted…
The Finance Ministry expects that the appointment of Andrii Kravets as Chairman of the Board of Ukrgasbank will ensure the continuation of successful operations of the financial institution, the ministry’s press service reports. “The Finance Ministry welcomes the decision of the Supervisory Board of Ukrgasbank. We hope that the appointment of Andrii Kravets as Chairman…
As of October 1, the share of non-performing loans (NPLs) in state-owned banks (excluding PrivatBank) decreased from 47.6% to 43.5%, the press service of the National Bank of Ukraine (NBU) wrote on Facebook. According to the central bank, state-owned banks have begun to implement plans to clean the balance sheets from the legacy of previous…
Assets declined by 3% or by EUR 4.34 million, in the second quarter of 2020, the Bank of Estonia said, despite the aggregate balance sheet of savings and loan associations increasing during that time. Q2 bore the brunt of the coronavirus pandemic so far. Assets grew by 1% or by EUR 1.43 million in Q3,…
The integration process involving the Finance and Capital Market Commission (FKTK) and the Bank of Latvia could be used as an excuse to reduce the independence of the central bank, said the governor of the bank Martins Kazaks. “We can see the merge process of FKTK and the Bank of Latvia is not simple. Certain…