The Deposit Guarantee Fund of Ukraine has extended the term of liquidation of JSC City Commerce Bank for one year, the Fund’s press service reports. “The Executive Directorate of the Deposit Guarantee Fund approved a decision dated February 21, No. 410, to extend the term of liquidation of JSC City Commerce Bank for one year,…
Ameriabank has received the Agent of Change award by the European Bank for Reconstruction and Development for Investment in Greenhouse in Armenia. Head of Corporate Lending Department at Ameriabank Vahan Kajayan said they had supported greenhouses engaged in growing flowers, tomatoes, and strawberries. “We have presence in almost all the provinces and work with some…
Deposits by Latvian and European Union clients dominate in the banks operating in Latvia, as 91% of total deposits in the country are owned by local clients (80%) and EU member state clients (91%), according to the findings of the Latvian Financial and Capital Market Commission. The Commission reported, that according to its data, deposits…
Russian state-controlled Sberbank’s Ukrainian subsidiary was in the red in 2018 and posted UAH 7.614 billion, or $272 million, in loss. The bank’s charter capital as of January 1, was UAH 20.765 billion, or $742 million, the bank said in a report on its website. (UNIAN/Business World Magazine)
The Board of the Central Bank of Azerbaijan (CBA) will consider the change in the discount rate and interest rate corridor. Presently, the discount rate is 9.75%. Earlier, the change was considered in December 2018. Then the CBA decided to keep the discount rate unchanged. The CBA justified its decision by uncertainty in foreign markets.…
The National Bank of Kyrgyzstan recapitalized Rosinbank and doubled its authorized capital, official website of the National Bank of the Kyrgyz Republic reported. Following the capitalization, the authorized capital of Rosinbank OJSC was increased by more than 700 million soms and brought to 1,498.7 billion soms. “The National Bank conducted financial recovery measures for Rosinbank,…
In 2018, the Deposit Guarantee Fund of Ukraine completed the liquidation of the first four banks that were transferred to the Fund’s management. “The year 2018 was the year of completion of the procedure for liquidation of the first four banks that were transferred to the management of the Fund – PJSC State Land Fund,…