TBC Bank has received a license from the Central Bank of Uzbekistan to launch operations in the country starting from June. The strategy of the bank is to develop a modern banking ecosystem for retail business as well as micro, small and medium size businesses. At the first stage, TBC will offer opening and saving…
Many major banks in Estonia have not changed interest rates on home loans amid the coronavirus pandemic to date, though they are paying more attention to those customers who are seeking homeloans at a time when many planned purchases have been put on hold. One bank, Luminor, says it has cut its interest rates. “A…
The economic pressures resulting from the spread of the coronavirus and the lower oil price are credit negative for banks in Ukraine and neighboring markets, and could result in negative rating actions, Fitch Ratings says. Fitch has revised banking sector outlooks to negative for seven of the eight markets it covers in the region –…
The banking and payment systems of Kyrgyzstan operate in a manner that meets the requirements of the state of emergency with the provision of basic types of banking services and conducting payment and transfer operations, the National Bank of the republic has reported. The National Bank of the Kyrgyz Republic will reportedly continue to work…
JSC CB PrivatBank has become the 14th bank to join the BankID remote identification system of the National Bank of Ukraine (NBU). “We have very good news – PrivatBank has joined the BankID of the NBU! Now PrivatBank clients will be able to get remote access to financial, administrative and commercial services through the BankID…
Ukrainian banks in recent days have been showing signs of a shortage of cash foreign currency, which is caused by an increase in the population’s demand for cash foreign currency. Some $8 billion of non-cash currency are now on correspondent accounts of banks, and customers can freely transfer their currency to their accounts opened with…
The National Bank of Ukraine (NBU) responded to high demand for foreign currency and sold about $350 million in the interbank foreign exchange market on March 11, the central bank’s press service reported on Facebook. “As before, we believe that the deterioration of sentiment in the financial markets is caused more by a psychological factor,…