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…
Bank Lviv and the German-Ukrainian Fund (GUF) have signed an agreement for EUR 3 million to provide lending for small and medium-sized enterprises (SMEs). “In accordance with the signed loan agreements, Bank Lviv will provide loans to SMEs as part of a micro-lending program and a new SME program to support the financing of SME…
The Board of the National Bank of Ukraine has decided to keep its key policy rate at 18% per annum. In November, annual consumer price inflation came in at 10% and was close to the NBU’s latest forecast published in the October Inflation Report. The acceleration of inflation as compared to previous months was anticipated…
The Deposit Guarantee Fund of Ukraine has extended the terms of liquidation of two banks – PJSC Bank Kontrakt and PJSC CB Active-Bank, the Fund’s press service reports. “The Executive Directorate of the Deposit Guarantee Fund approved a decision dated December 3, No. 3235, to extend the term of liquidation of PJSC Bank Kontrakt for…