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…
The easing of quarantine restrictions helped to restore lending in Ukraine in the third quarter of 2020. This is evidenced by the results of a survey conducted by the National Bank of Ukraine (NBU) among credit managers of Ukrainian banks, released on October 23, the central bank’s press service reports. According to the central bank,…
Estonian bank LHV is to fully set up separate operations in the United Kingdom. LHV has a branch in the U.K., but this has not been distinct from its Estonian operations via AS LHV Group. The bank told the Estonian stock exchange the move would allow for better compliance with regulatory and supervisory requirements. In…