Pasha Bank Georgia and Pasha Yatirim Bankasi A.S., subsidiary banks of Azerbaijan’s Pasha Bank OJSC, improved the financial performance in 2018, Chief Financial Administrator, member of the Bank’s board Bahruz Naghiyev said. Naghiyev made the remarks in Baku at the press conference dedicated to the outcome of the subsidiaries’ activity in 2018. Pasha Bank Georgia’s…
The Deposit Guarantee Fund of Ukraine last week sold insolvent banks’ assets worth UAH 506.26 million, the fund’s press service reports. “Last week the assets of 18 banks, which are in the management of the Fund, were sold for UAH 506.26 million,” the report says. In particular, UAH 84.92 million was received from the repayment…
The Deposit Guarantee Fund of Ukraine has extended the terms of liquidation of three banks – JSC Diamantbank, JSC Energobank, and JSC Kreditprombank, the Fund’s press service has reported. “The Executive Directorate of the Deposit Guarantee Fund approved a decision dated May 16, 2019, No. 1209, to extend the term of liquidation of JSC Energobank…
The Deposit Guarantee Fund has completed payments to the depositors of PJSC Commercial Bank Standard, according to the Fund’s press service. “On May 15, the authorized person of the Deposit Guarantee Fund for the liquidation of PJSC Commercial Bank Standard submitted documents to the state registrar of legal entities, individual entrepreneurs and public organizations to…
The National Bank of Ukraine (NBU) is ready to nationalize PrivatBank a second time if a court rules to annul a respective decision of 2016, First Deputy NBU Governor Kateryna Rozhkova has said. Rozhkova said reversing the nationalization would reverse the mechanism by which the state handed the bank UAH 155 billion ($5.88 billion) to…
U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) distances from Latvian Finance and Capital Market Commission’s (FCMC) statement regarding the coordinated liquidation model for ABLV Bank, as noted by the US Embassy in Latvia. FCMC had previously reported that after meeting with representatives from FinCEN the committee saw no obstacles for the execution of FCMC’s…
The National Bank of Kyrgyzstan has ceased direct banking supervision at Rosinbank OJSC, press service of the National Bank reported. According to it, measures for financial rehabilitation of the bank have been taken and capitalization of Rosinbank OJSC has been carried out. Thanks to this, bank’s compliance with the economic standards and mandatory reserve requirements…