The Estonian business unit of Swedish financial services group SEB report a profit of EUR 63.7 million euros for 2018, down from EUR 85.3 million the year before. According to the bank, the drop in profits has to do with income tax payments. The operating income of SEB Estonia was EUR 155.9 million last year,…
For the first time in its history, the National Bank of Ukraine has won a transparency award of the prestigious international Central Banking Awards. “The National Bank of Ukraine considerably increased its transparency in the past year, and in the preceding three years, despite exceptionally difficult circumstances,” reads the statement on the website of the…
The Deposit Guarantee Fund last week sold insolvent banks’ assets worth UAH 16.87 million, the fund’s press service reports. “Last week (January 8-11) the assets of 16 banks, which are in the management of the fund, were sold for UAH 16.87 million,” reads the report. In particular, UAH 8.85 million was received from repayment of…
From 2011 to 2018, the National Bank of Kyrgyzstan has bought monetary gold in the amount of 19.4 billion soms on the domestic market, the press service of the bank reported. To replenish the international reserves at the expense of domestic sources, in 2011 the National Bank resumed the purchase of gold on the domestic…
UAE-based investment company Frontera Capital will acquire securities of O’zsanoatqurilishbank. The delegation of O’zsanoatqurilishbank visited the United Arab Emirates, where the parties signed the agreement on development of cooperation. The document provides for raising $50 million using investment and credit instruments. The agreement also provides for the sale of securities of the Uzbek bank to…
PrivatBank declared a profit of UAH 9.03 billion in January-November. Earlier, Deputy Head of the Board at PrivatBank Halyna Pakhachuk said that about half of the bank’s interest income was generated by government bonds received during additional capitalization – UAH 8.7 billion since the beginning of the year (the Finance Ministry’s coupon payments on government…
The National Bank of Ukraine on December 18 made a decision to terminate the banking license of Kyiv’s VTB Bank, a subsidiary of the eponymous Russian lender, the press service of the Individuals’ Deposit Guarantee Fund reported. “The Deposit Guarantee Fund made the corresponding decision based on the National Bank decision on December 18 on…