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…
Profits of Ukraine’s state-owned banks in January-June amounted to UAH 19.5 billion ($775.04 million), which was 65% of the profit of the entire banking sector. The Ministry of Finance of Ukraine said, at the same time, almost 60% of all profits in terms of assets were generated by Ukraine’s largest PrivatBank (UAH 18.3 billion, or…
The Deposit Guarantee Fund last week sold insolvent banks’ assets worth UAH 167.42 million, the fund’s press service reported. In particular, UAH 124.20 million was received from the repayment of fund creditors’ claims and UAH 41.83 million from the sale of main banks’ assets. Also, UAH 14.38 thousand was obtained from the direct sale of…
The Deposit Guarantee Fund is sufficient to pay compensations to affected PNB Bank clients. This means not a cent from Latvia’s state budget will be used, said Latvia’s Finance Minister Janis Reirs. Reirs stressed that Latvia’s deposit guarantee system was secure and it was commendable that 99.2% of PNB Bank’s depositors would be able to…
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…