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…
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…