President Petro Poroshenko has stated that lawyers of oligarch Ihor Kolomoisky will not be able to return PrivatBank to its former owners. “Lawyers of Kolomoisky are working on the denationalization of PrivatBank to return it to its former owners. This may cause a crisis of the banking system. The nationalization of PrivatBank was one of…
Bank deposits in the national currency in Ukraine in March fell by 1%, to UAH 539.4 billion ($20.2 billion), while deposits in foreign currency shrank by 0.7%, to $13.4 billion in the U.S. dollar equivalent. From year-start, bank deposits in hryvnias have decreased by 0.1%, while those in foreign currency grew by 0.2%, according to…
Starting from July 2, Luminor bank will begin applying restrictions to payments made using code cards or GO3 code generators. “Because code cards will remain valid until September 10, clients will be able to gradually adapt to more secure authentication tools. Changes are planned because of stricter EU requirements towards clients’ digital authentication to increase…
Capitalization of Azerbaijan’s banking sector amounted to 4.24 billion manats in February, up by 4.2% MoM, the Financial Market Supervisory Authority of Azerbaijan (FIMSA) reported. Over the year, the capitalization of banks increased by 9.2%. The special capital of banks in the reporting period amounted to 3.96 billion manats compared to 3.79 billion manats at…
The Deposit Guarantee Fund of Ukraine has extended the terms of liquidation of two banks – PJSC Profin Bank and JSB Ukoopspilka, the Fund’s press service reports. “The Executive Directorate of the Deposit Guarantee Fund approved a decision dated March 25, No. 660, to extend the term of liquidation of JSB Ukoopspilka for one year,…
Nine commercial banks of Uzbekistan have been suspended from participation in currency trading “due to systematic violations related to transactions on the currency exchange”, the Central Bank of Uzbekistan reported. Hamkorbank, Turkiston Bank, HayTek Bank, Universal Bank, Invest Finance Bank, Ipak Yuli Bank, Savdogarbank, Trust Bank and Asia Alliance Bank were among those removed. “Measures…
Al Hilal and Zaman-Bank are the two Islamic banks operating in Kazakhstan today. The latter received an official permit from the National Bank for voluntary reorganization into the Islamic Bank in 2016. In August 2017 the bank obtained its license and was renamed the JSC Islamic Bank “Zaman Bank”. In a year, the total share…