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…
The Deposit Guarantee Fund has completed the liquidation of PJSC Unikombank, according to the Fund’s press service. “On November 14 relevant documents were submitted to the United State Register of Legal Entities, Individual Entrepreneurs and Public Organizations to register the termination of PJSC Unikombank as a legal entity, thus, the process of liquidation of the…
The Supervisory and Management Boards of Ukraine’s state-owned Ukreximbank have assured that the detention of the bank’s head, Oleksandr Hrytsenko, by the SBU Security Service of Ukraine will not affect the financial institution’s work. “The Supervisory Board and the Management Boards of the bank continue ensuring the financial institution’s efficient operation and guarantee its customers…
The Central Bank of Azerbaijan (CBA) raised 150 million manats ($88.2 million) from banks at a deposit auction on November 12. Supply exceeded demand over 4.4-fold and reached 663.7 million manats ($390.4 million). The interest rate on deposit transactions concluded within the auction was 6.01%. Term of placement of funds is 13 days. The CBA…
The stress test of the largest Ukrainian banks, held by the National Bank of Ukraine (NBU), has estimated the additional need of financial institutions for capital from UAH 35.2 billion ($1.4 billion) in the basic scenario to UAH 73.8 billion ($3 billion) in crisis. In the baseline scenario, the need for additional capitalization has been…
Coop Pank AS has submitted an application to the Nasdaq Tallinn Stock Exchange (TSE) for the listing of its shares on the Baltic Main List. The decisions of the TSE’s Listing Committee and Surveillance Committee made during the procedure will be announced separately, the stock exchange said. Coop Pank board chairman Margus Rink noted that…