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…
The Azerbaijani bank “TuranBank” has increased its authorized capital by 27.3%, to 70 million manats. In accordance with the decision of the bank’s shareholders dated January 14, it was decided to increase the authorized capital by 15 million manats by placing an additional emission in the amount of 13,864 shares with a par value of…
The National Bank of Ukraine (NBU) purchased almost $900 million on the interbank foreign exchange market in January-April, the central bank’s press service reports. “The net purchase of foreign currency by the National Bank on the interbank foreign exchange market amounted to about $900 million in January-April. At the same time, the official hryvnia exchange…
Swedbank’s profit in Q1, compared to the same period of 2018, grew to EUR 29 million. The reason for this was increased economic activity by the bank’s clients and therefore bigger income for the bank, as reported by the bank’s representative Janis Krops. Net interest income, when compared to Q1 2018, grew by 6%, which…
In January-March, the National Bank of Ukraine recovered UAH 1.15 billion of refinancing loans issued to insolvent banks, the central bank’s press service reported. “In the first quarter of 2019, the National Bank of Ukraine received UAH 151.5 million for repayment of insolvent bank refinancing loans. This amount consists of proceeds from the sale of…