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…
Volume of purchases of gold in the domestic market of Kyrgyzstan amounted to 1.6 tons for 4.7 billion soms in January-May, the National Bank reports. In 2018 the National Bank of the Kyrgyz Republic bought 4.2 tons of gold for 11.8 billion soms. Over the year, the volume of purchases of the precious metal increased…
In April the total value of deposits in Azerbaijan amounted to 22.13 billion manats, up by 9.6% YoY, the Central Bank of Azerbaijan (CBA) reported. In particular, the value of deposits of non-financial organizations increased by 11.7% (10.561 billion manats), reaching 11.8 billion manats. The total value of deposits of legal entities in April reached…
Bank Respublika has signed an auto financing loan contract worth $8 million with the Netherlands Development Finance Company (FMO), a Dutch bank. A loan for a period of three years was allocated to finance the agricultural sector and small and medium-sized enterprises (SMEs). The funds are also to be used to finance the activities of…
Chairman of the Supervisory Board of the Bank of Estonia, Mart Laar, has submitted a request to the Riigikogu to replace board members Kalev Kallo (Centre) and Liina Tonisson (SDE). While Laar didn’t explain his reasons for the replacement of Tonisson, Kallo was involved in an ongoing corruption case. Laar is suggesting to replace Tonisson…