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…
The Board of the National Bank of Kyrgyzstan has lowered the discount rate to 4.25%, the Chairman of the National Bank of the Kyrgyz Republic Tolkunbek Abdygulov reported. According to him, the price dynamics remains low. As of May 17, inflation in annual terms was 0.3%. The decline in food prices slowed down and approached…
The Deposit Guarantee Fund has completed payments to the depositors of PJSC Commercial Bank Interbank, according to the Fund’s press service. “On May 24 the authorized person of the Deposit Guarantee Fund for the liquidation of the PJSC Commercial Bank Interbank submitted documents to the state registrar of legal entities, individual entrepreneurs and public organizations…