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…
In the three quarters of 2019 Ukrainian banks received UAH 48.35 billion in net profit compared to UAH 10.9 billion over the same period last year. UAH 27.4 billion – over half of this financial result – accounts for PrivatBank, the press service of the National Bank of Ukraine reports. In general, the bank revenues…
The National Bank of Ukraine (NBU) bought $90 million on the interbank forex market from October 21 to October 25. This is three times more than during the previous week, the NBU said on its website. The NBU said it did not sell foreign currency last week. As a result of the recent purchases, the…
The Deposit Guarantee Fund has completed payments to the depositors of JSC Artem-Bank, according to the Fund’s press service. “On October 23 the Deposit Guarantee Fund submitted documents for the liquidation of JSC Artem-Bank to the state registrar of legal entities, individual entrepreneurs and public organizations to record the termination of the bank as a…
A week from now, from September 9 onward, Swedbank clients will no longer be able to use code cards to use internet banking services, Swedbank warns. Clients who still have not transitioned to other authentication tools are urged to do this within the week. Once the time is over, clients who have not switched to…