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…
As of late April, bank deposits of the population of Azerbaijani regions made up 718.1 million manats, up by 16.14% YoY, the Central Bank of Azerbaijan (CBA) reported. The share of Azerbaijani regions in the total volume of all bank deposits in the country was 8.24%. In the reporting period, around 80.2% (575.63 million manats)…
Central bank is likely to leave its main interest rate unchanged on June 6, following a delay to the disbursement of International Monetary Fund aid worth $1.3 billion, a monthly analyst poll showed. Most of the analysts – 11 out of 17 polled by Reuters – expect the rate to remain at its current 17.5%.…
Estonian bank LHV is set to acquire Danske Bank’s private customer loan portfolio, for around EUR 410 million. In February, Danske was ordered to close its doors by the Finanical Supervisory Authority (FSA), ending months of speculation following revelations that as much as EUR 200 billion in potentially illicit funds had passed through the bank…
A collective agreement on clearing, settlements in securities and derivative financial instruments has been signed between the National Depository Center of Azerbaijan (NDC) and AzerTurkBank OJSC, PASHA Bank OJSC, Xalq Bank OJSC and Yapi Kredi Bank Azerbaijan CJSC. The agreement provides for the use of a new settlement model – a settlement agent for clearing…
The value of compensation payments for problem loans of individuals of Bank VTB (Azerbaijan) as of May 25 has reached about 17 million manats, Yevgeniy Kirin, Chairman of the Management Board of Bank VTB (Azerbaijan), said at a press conference on the results of the first quarter of 2019. He said that over 7,000 clients…