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…
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…