The banking sector of Ukraine is currently high earning and profitable and, therefore, sufficiently resilient to any macroeconomic surprises. “The banking system is much better today than during the 2008 or the 2014 crises, and it is now more prepared for macroeconomic surprises,” Olena Korobkova, Executive Director of the Independent Association of the Banks of…
The National Bank of Ukraine (NBU) applied measures of influence to three banks in February due to the violation of legislation in the field of financial monitoring, the central bank’s press service reported. “The National Bank of Ukraine, following inspections on preventing and countering the legalization (laundering) of proceeds of crime, terrorist financing and financing…
Plan of Development Bank of Kazakhstan (DBK) for project’s support in 2019 was 446.5 billion tenge ($1.1 million), DBK Deputy Chairman of the Management Board Duman Aubakirov announced. Aubakirov noted that in accordance to DBK’s development strategy, the bank was planning to allocate approximately 4.4 trillion tenge ($11.5 billion) for development of processing industry and…
Being one of the key stakeholders in support of renewable energy (RES) projects, the Development Bank of Kazakhstan (DBK) seeks to expand the portfolio of RES projects and is ready to co-finance the creation of green capacity of Kazakhstan’s electricity industry, a representative of DBK has reported. According to the official, Kazakhstan’s potential for wind…
Swedbank has been experiencing some issues with its banking services, and is working to resolve the problems, the bank says. The bank has also said it is conducting scheduled overnight work, which could cause additional disruption. Ede Raagmets, Head of Swedbank’s Customer Services Division, said on February 5 that various banking services had been hit…
The Entrepreneurship Development Fund has signed agreements with JSC Oschadbank and PJSC CB PrivatBank on the implementation of the state program “Affordable Loans at 5-7-9%”, according to the Finance Ministry. “On January 31, Oschadbank signed an agreement with the Entrepreneurship Development Fund to participate in the state program ‘Affordable Loans at 5-7-9%,” reads the report.…
SEB Estonia earned a profit of EUR 100.4 million in 2019, up from EUR 63.7 million in 2018. In 2019, SEB financed the plans of commercial enterprises with more than EUR 1 billion and individuals with more than half a billion euros. Last year, SEB assisted in the purchase of more than 5,000 new homes.…