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…
One of the oldest financial institutions in Uzbekistan, Uzpromstroybank saw its assets increased to $4.7 billion in 2020, its board said. Credit portfolio in the reporting period soared to $3.8 billion, the volume of deposits to $1.1 billion and total capital to $642 million. Last year, the bank financed a total of 978 projects. These…
Banks in 2020 reduced the number of structural divisions by 10.8%, or by 868 branches, to 7,134. According to the data posted on the website of the National Bank of Ukraine (NBU), as of the end of 2020 Oschadbank closed the operation of 490 branches (having reduced their number to 1,837), PrivatBank – 211 (to…
The National Bank of Ukraine (NBU) has held a refinancing tender to provide 15 banks with UAH 8.472 billion ($302 million) in refinancing loans at an interest rate of 6% per annum, with a five-year maturity period. In addition, the regulator satisfied the applications of two banks for UAH 182 million ($6.5 million) in refinancing…
In January-November 2020, the net profit of Ukrainian banks amounted to UAH 43.365 billion, according to data provided by the National Bank of Ukraine (NBU). The result is UAH 15.6 billion less than in the same period last year (UAH 59.001 billion). As of December 1, 2020, there were 74 operating banks in Ukraine. (Ukrinform/Business…
The National Bank of Kyrgyzstan has acquired 27 million more shares of Keremet Bank, increasing its share in its capital, the Kyrgyz Stock Exchange reports. The transaction took place on December 30, 2020. It became the largest in 2020, taking up a 24% share of total share placements in the year. As a result of…