Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) of JSC CB PrivatBank at B- with Stable Outlook. Fitch Ratings also reaffirmed the bank’s Viability Rating (VR) at its current level of “b”. The affirmation of national ratings at AA(ukr) with Stable Outlook reflects the unchanged creditworthiness PrivatBank compared to similar banks in Ukraine.…
Ukrgasbank’s assets have grown by UAH 33.5 billion, or by 28%, since the beginning of the year, the bank’s press service has reported, with reference to the National Bank of Ukraine’s statistics for January-August. In particular, in the first eight months of 2020, Ukrgasbank increased its assets by UAH 33.5 billion (+28%), PrivatBank – by…
The development of the small banking sector could be faster, because at the moment the growth or drop of the banking sector is fully dictated by four largest banks in Latvia, says Finance and Capital Market Commission (FKTK) chairperson Santa Purgaile. “Of course, we are able to say that numerically we have many banks. At…
The Deposit Guarantee Fund of Ukraine sold insolvent banks’ assets worth UAH 93.95 million last week, the fund’s press service reported. “Last week (October 5 – October 9), the assets of five banks, which were in the management of the Fund, were sold for a total sum of UAH 93.95 million,” reads the report. According…
Swedbank will relocate its head office building on Liivalaia Street in Tallinn’s Kesklinn district and move to the Hippodrome quarter in North Tallinn in 2024, bringing all of its departments under one roof. Head of Swedbank AS Olavi Lepp said the buildings on Liivalaia Street were too small and the bank had outlived its time…
Oschadbank issued more than 800 mortgage loans worth over UAH 450 million in January-September, the bank’s press service reported. In the third quarter alone, Oschadbank’s clients received more than 400 loans worth UAH 240 million, the report said. “Since the beginning of this year, we have already invested almost half a billion hryvnias in the…
The Estonian Financial Supervision Authority (FSA) has said the most difficult time for banks during the coronavirus crisis has passed and at the end of the second quarter requests for loan holidays ceased. In the second quarter, the loan stock of the banking sector decreased by 0.7% YoY, to EUR 27.5 billion. In the previous…