The Deposit Guarantee Fund has completed the liquidation of PJSC Union Standard Bank, according to the Fund’s press service. The Fund stated that in line with Article 53 of the Law of Ukraine “On the Deposit Guarantee System” on December 11 relevant documents were submitted to the United State Register of Legal Entities, Individual Entrepreneurs…
The volume of hryvnia deposits in Ukrainian banks in November grew by 1.1%, to UAH 582.789 billion, and those in foreign currency (in dollar terms) – by 1.7%, to $16.060 billion, the National Bank of Ukraine reported. Since year-start the volume of hryvnia deposits has increased by 7.9%, and foreign currency – by 20.2%. Hryvnia…
As of November 30 currency reserves of the Central Bank of Azerbaijan (CBA) have increased by $69 million, compared to the figure at the end of October 2019. The reserves increased from $6.114 to $6.183 billion. Since the beginning of the year the CBA’s currency reserves have grown by 9.9%, from $5.6 billion. On an…
SEB Bank clients who have a mobile phone with Android OS are now able to pay for goods and services using their phones. It is possible to use mobile phones for transactions up to EUR 150 in Latvia and abroad using contact-free terminals, the bank reports. To use a smartphone for transactions, it is necessary…
The National Bank of Ukraine (NBU) fined JSC European Industrial Bank, JSC Megabank, JSC Radabank JSC and JSC Oschadbank in November for the violation of legislation in the field of financial monitoring, the NBU’s press service has reported. “The National Bank of Ukraine, following the results of inspections on preventing and combating the legalization (laundering)…
Finance Ministry said state-owned banks in the first half of 2019 reduced non-performing loans by UAH 22 billion ($909.1 million). In particular, the state-owned banks, including financial institutions, reduced debts by UAH 3.5 billion ($144.6 million), restructured them by UAH 10.6 billion ($438 million), and covered debts with reserves at UAH 2.9 billion ($119.8 million),…
One major priority for the Bank of Latvia should be responsibility over the stability of the financial system, said potential candidate for the post of the Bank of Latvia and ex-chairman of the Finance and Capital Market Commission (FKTK) Uldis Cerps. The contender for the important post said it was highly important to outline this…