Kapital Bank, a major retail bank in Azerbaijan, plans to change the principle of making dividend payments to its shareholder from next year, the international ratings agency Moody’s Investors Service said in a message. Moody’s notes that presently the bank pays out all of its profits to shareholders as dividends, but from next year it…
The International Bank of Azerbaijan (IBA) has earned 319 million manats worth of profits in the first 9 months of 2018. These indicators reflect such positive trends in the bank’s activities, as successful completion of the recovery process and the transition to a new stage of development. As of September 30, the assets of IBA…
Currency reserves of the Central Bank of Azerbaijan (CBA) amounted to $5,534.5 million at the end of September 2018, up by $367 million or by 7.1% YoY, according to statistical data posted on the CBA website. CBA’s reserves increased by $31 million during September, while since early 2018 the figure has increased by $199.9 million.…
Ukrainian solvent banks in January-August received UAH 13.747 billion ($490 million) in profit, up 4-fold YoY. Revenues of solvent banks over the period under review grew by 7.3%, to UAH 128.440 billion ($4.6 billion), while expenses dropped by 1.4%, to UAH 114.693 billion ($4 billion), according to the National Bank of Ukraine (NBU). (UNIAN/Business World…
The National Bank of Ukraine (NBU) is mulling over change in its monetary policy, admitting a possible lack of liquidity in the banking sector in 2019. “Besides the current decision on the key policy rate, the NBU Monetary Policy Committee (MPC) members also discussed potential needs in further modification of the operational design of the…
Banks with Russian capital in Ukraine have filed cassation complaints against the Kyiv Court of Appeal ruling to freeze their assets. The Civil Cassation Court of the Supreme Court received respective complaints on September 14. As reported, businessman Ihor Kolomoisky achieved the freeze on the assets of three Russian state-owned banks in Ukraine in order…
The National Bank of Ukraine (NBU) has reported how much foreign currency it gas sold to prop up the hryvnia, Ukraine’s national currency. The NBU’s forex sales on the country’s interbank forex market in August exceeded purchases by $621.3 million, the bank said on its official website. The central bank conducts forex interventions on the…