The net foreign assets of Azerbaijani banks in July amounted to 16.29 billion manats, up by 7% YoY, the Central Bank of Azerbaijan (CBA) reported. The net domestic assets of the banks amounted to 8.998 billion manats, up by 20.8%. According to the CBA report, as of July 1, the broad money supply amounted to…
Ukrainian banks will open new accounts to their customers, using international bank account numbers (IBAN) from August 5. Banks will change existing numbers of accounts, preserving the existing number of analytical accounting, the National Bank of Ukraine said on its website. From November 1 the use of IBANs will be mandatory for customers of all…
Ameriabank has received Euromoney Award for Excellence 2019 as the Best Bank in Armenia. The award is a recognition of Ameriabank’s leadership in the market, sustainable growth and push for digital transformation. This reputable title has been awarded to Ameriabank for the seventh time. Euromoney Annual Awards for Excellence have been evaluating and acknowledging the…
The Deposit Guarantee Fund last week sold insolvent banks’ assets worth UAH 56.78 million, the fund’s press service reports. “Last week the assets of 18 banks, which are in the management of the Fund, were sold for UAH 56.78 million,” the report says. In particular, UAH 9.17 million was received from the repayment of fund…
The National Bank of Ukraine (NBU) has identified 14 systemically important banks in accordance with the updated methodology, the central bank’s press service has reported. “The National Bank has determined the list of systemically important banks in accordance with the updated methodology. The new methodology has significantly expanded the number of such banks,” reads the…
The Central Bank of Azerbaijan (CBA) held a deposit auction on July 1, where it attracted 100 million manats from Azerbaijani banks. The bank noted that the demand at the auction amounted to 701.5 million manats. The funds are placed for a period of 14 days with a yield of 6.51%. The auction was held…
A special Lithuanian governmental commission gave the same verdict that Revolut’s activities did not run counter to the country’s national interests after completing its third review of the UK-based fintech start-up. The commission that vets transactions by strategic enterprises took the decision on June 25. Revolut Bank plans to start operating as a specialized bank…