The central bank of Uzbekistan has imposed sanctions on 15 domestic banks, the organization’s press service reports. These include Agrobank, Peoples’ Bank, Mikrokreditbank, National Bank, etc. The regulator said it imposed sanctions as several employees of banks had refused to process customer payments with plastic cards. They did not use terminals and did not cash…
The Finance Ministry of Ukraine expects that the share of the state in state-owned banks will decrease to 25% until 2025. According to the updated Principles for Strategic Reform of the Public Banking Sector (Strategic Principles) developed by the Finance Ministry in cooperation with international partners, which was approved by the Government of Ukraine on…
The National Bank of Ukraine (NBU) plans to continue bringing the Ukrainian banking legislation in line with the EU legislation and introducing best world practices, NBU Governor Kyrylo Shevchenko has written on Facebook. “The NBU welcomes the European Parliament’s resolution on the Implementation of the EU Association Agreement with Ukraine. This resolution was passed by…
The National Bank of Ukraine (NBU) provided a total of UAH 440 million in refinancing to four banks, the central bank’s press service reported. On February 5, a quantitative tender was held for the refinancing of banks for a term of 84 days. The applications of four banks for a total sum of UAH 440…
In 2020, the volume of loans provided by JSB Ukrgasbank to small and medium-sized businesses rose by 50% (or UAH 2.5 billion) and amounted to UAH 7.7 billion, the bank’s press service reported. “Last year, Ukrgasbank paid special attention to lending to small and medium-sized businesses, which suffered the most from the pandemic and quarantine…
Swedbank Estonia finished 2020 with a net profit of EUR 178.7 million, down by 9.8% YoY. The reduction in earnings was mainly attributable to increased costs and funds to cover credit impairments, the bank said on February 1. Lending volumes increased by 3%, household lending by 4%, corporate lending by 2% and deposits by 17%.…
The Export-Import Bank of Korea has signed a $160-million loan agreement with Uzbekistan’s Ministry of finance. Funds are expected to be channeled through the Economic Development Cooperation Fund Program of the Korean government. Some $120 million of the amount will be used to build Tashkent General Hospital, with the remaining part to be spent on…