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…
Luminor notified its clients that as of January 1, 2019 the bank would be closing the accounts of Estonian e-residents. Hannes Oja, head of Anti-Money Laundering at Luminor Estonia, said that based on the Money Laundering and Terrorist Financing Prevention Act, banks were required to update the data of all of their customers. As a…
The Deposit Guarantee Fund of Ukraine has extended the terms of liquidation of three banks – JSC Bank Veles, JSC Bank Zoloti Vorota and JSC Bank National Investments, the Fund’s press service reports. “The Executive Directorate of the Deposit Guarantee Fund approved a decision as of November 29 to extend the term of liquidation of…