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…
Solvent banks’ assets in Ukraine in October shrank by 0.5%, or by UAH 6.759 billion ($240 million), to UAH 1.348 trillion ($48 billion). Their assets have grown by 1.1%, or by UAH 14.151 billion ($503.4 million) since the beginning of the year, according to the National Bank of Ukraine (NBU). The banks’ liabilities decreased by…
The Individuals’ Deposit Guaranteeing Fund has started the procedure of withdrawing PJSC VTB Bank from the market by introducing temporary administration for one month from November 28 to December 27. According to the fund’s website, Yulia Zabolotna has been appointed temporary administrator of the credit institution. The beginning and procedure of paying guaranteed amount to…