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…
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.…