To provide the population with the main types of banking services, commercial banks and non-bank financial and credit institutions were recommended to resume their activities from October 8, the National Bank of Kyrgyzstan reported. However, they will work in limited mode. To create conditions for timely receipt of salaries, pensions, benefits, as well as providing…
The Deposit Guarantee Fund has completed payments to the depositors of PJSC CB Khreschatyk, according to the fund’s press service. On October 2, the Deposit Guarantee Fund submitted documents for the liquidation of PJSC CB Khreschatyk to the state registrar of legal entities, individual entrepreneurs and public organizations to record the termination of the bank…
The National Bank of Ukraine (NBU) sold $51.1 million on the interbank foreign exchange market last week, according to data provided by the central bank. According to the results of foreign exchange interventions, the National Bank sold $51.1 million on the interbank foreign exchange market between September 28 and October 2. The regulator did not…
SEB has seen a 40% fall in the number of grace periods it has granted to loan clients since early summer, largely as a result of a fall in applications as economic part-recovery began through summer, after the coronavirus emergency situation ended. Clients can still apply for grace periods, through to late September. Grace periods…
JSC Oschadbank will join the Deposit Guarantee Fund from January 1, 2021 after introducing appropriate changes to the Ukrainian legislation, according to the Finance Ministry. The plan on Oschadbank’s joining the Deposit Guarantee Fund was approved at a regular meeting of the Financial Stability Council on September 2. According to the ministry, due to a…
JSB Ukrgasbank has already issued UAH 500 million of investment loans under the government program “Affordable Loans at 5-7-9%”, the largest indicator among the banks participating in the program, according to a report posted on the bank’s website. “Overall, Ukrgasbank has already financed “Affordable Loans at 5-7-9%” for a total sum of UAH 734 million,…
Ukrainian state banks in the first half of 2020 wrote off non-performing loans (NPLs) worth UAH 26 billion at the expense of reserves and restructured such loans worth UAH 2.6 billion, the Ministry of Finance reported. To reduce the share of NPLs, state-owned banks also filed 29,000 new claims to collect debts for a total…