In January-November UAH 7.878 billion were transferred to the accounts of insolvent banks, according to the Deposit Guarantee Fund of Ukraine. “Of this the largest sum totaling UAH 6,832.0 million was received from the sale of assets of banks being under liquidation, UAH 928.2 million from repayment of loans, UAH 100.9 million from property rent,…
The VTB Bank Azerbaijan management’s forecast assumes the profit worth 6 million manats ($3 million) at the end of 2019, Chairman of the Management Board of VTB Bank Azerbaijan Yevgeniy Kirin declared speaking about the bank’s plans for profit for 2019. Kirin made the remarks at the press conference in Baku on December 19. “At…
The Deposit Guarantee Fund of Ukraine has completed the liquidation of PJSC European Gas Bank (Eurogasbank), according to the Fund’s press service. “On December 11 relevant documents were submitted to the United State Register of Legal Entities, Individual Entrepreneurs and Public Organizations to register the termination of PJSC European Gas Bank as a legal entity,…
The Baku Stock Exchange held an auction on the placement of short-term notes of the Central Bank of Azerbaijan (CBA) on December 12. The Baku Stock Exchange raised 170 million manats ($100.2 million) from the Azerbaijani banks. The supply exceeded the demand 5.8-fold. 17 investors made 29 applications worth over 991.8 million manats ($584.5 million).…
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…