About 30.54 billion GEL ($9.92 billion or EUR 8.38 billion) was deposited in Georgian banks in July, up by 6.16% MoM, showed the latest data by the National Bank of Georgia (NBG). In the same time period, Georgian banks lent 34.49 billion GEL ($11.2 billion or EUR 9.47 billion), up by 2.05%. The sum of…
Governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko and U.S. Charge d’Affaires a.i. in Ukraine Kristina Kvien discussed reforming corporate governance in state-owned banks, continuing cooperation with international partners, in particular the IMF, as well as strengthening cooperation between Ukraine and the U.S. Shevchenko noted that strengthening corporate governance and reducing the NPL…
The total volume of non-bank deposits in Georgian banking sector in June increased by 1.95% MoM or by 549.44 million lari ($179.3 million), and constituted 28.77 billion lari ($9.3 billion), the National Bank of Georgia (NBG) reported. In June, the volume of term deposits increased by 291.09 million lari ($95.02 million) compared to May. Demand…
Net international reserves of the National Bank of Ukraine (NBU) in July grew by 0.1%, to $17.520 billion. That’s according to a report released on the NBU website. Net reserves have increased by 11% since the beginning of the year, the report said. Ukraine’s international reserves as of August 1 amounted to $28.802 billion, up…
Ukraine and the United Kingdom have agreed to cooperate and share experiences in measures of governments and central banks to counter the coronavirus pandemic, Governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko has announced at his first meeting with British Ambassador to Ukraine Melinda Simmons. The parties discussed some important issues, such as…
Larger banks in Estonia offer next to nothing in interest on fixed-term deposit accounts, citing a lack of popularity of such accounts, low interest rates in general, as well as unfavorable conditions on the money markets, though some smaller banks have slightly more appealing rates. Fixed-term deposit volumes have nonetheless risen, the Bank of Estonia…
Ukraine’s state-owned banks turned a profit of UAH 16.2 billion in January-June, down by UAH 3.4 billion YoY, the Ukrainian Finance Ministry’s press service reported. The profit of public sector banks in the first half of 2020 shrank by 17% (UAH 3.4 billion) primarily due to an increase in spending on the formation of banks’…