According to the initial results of a study commissioned by Swedbank and conducted by Forensic Risk Alliance (FRA), customer relationships between Swedbank and the owners of suspicious accounts highlighted by Swedish public broadcaster SVT were terminated by the end of May 2017 at the latest. A total of 50 names of account owners had been…
The Deposit Guarantee Fund last week sold insolvent banks’ assets worth UAH 136.82 million, the fund’s press service reports. “Last week the assets of 22 banks, which were in the management of the Fund, were sold for UAH 136.82 million,” the report says. In particular, UAH 118.82 million was received from the repayment of fund…
The Deposit Guarantee Fund of Ukraine has extended the term of liquidation of JSC Commercial Bank Expobank, the Fund’s press service reports. “The Executive Directorate of the Deposit Guarantee Fund approved a decision as of March 14, 2019, No.576, to extend the term of liquidation of JSC Commercial Bank Expobank from March 31, 2019 until…
It is clear there are too many banks for Latvia’s domestic market, said chairman of Finance and Capital Market Commission Peteris Putnins. He admitted that not a single bank present in Latvia worked with just one clientele segment. However, the country’s market is not big enough for them to work as widely as Scandinavian banks,…
As of February 1, the net profit of Ukrainian banks amounted to UAH 5.43 billion, according to the National Bank of Ukraine (NBU). The banking system revenue for January amounted to UAH 20.18 billion, spending – UAH 14.754 billion and net profit – UAH 5.426 billion. (Ukrinform/Business World Magazine)
Ukraine’s state-owned banks in 2018 reduced problem loans by UAH 5 billion, or by $185.3 million, and restructured debts by UAH 21 billion, or by $778.1 million. The country’s Financial Stability Council in July 2018 created a committee to regulate non-performing loans of state-run banks. It also developed recommendations for such banks, according to the…
The Deposit Guarantee Fund has temporary suspended payments to depositors of insolvent JSC Zlatobank, the Fund’s press service reports. “The Grand Chamber of the Supreme Court under the ruling dated February 5, denied motions submitted by the Deposit Guarantee Fund and National Bank of Ukraine against the decision of Kyiv Administrative Court of Appeal, dated…