The Deposit Guarantee Fund will resume payments to the depositors of four insolvent banks from November 1, the fund’s press service reports. “From November 1 the Deposit Guarantee Fund will pay refunds to the depositors of PJSC Commercial Bank Ukrainian Financial World under bank deposit agreements, regardless of the date of their termination and under…
The capitalization of the banking sector of Azerbaijan in September amounted to 4.1 billion manats, up by 10.8% from the beginning of the year, said the report of the Financial Market Supervision Authority. According to the report, the total assets of banks since the beginning of the year have increased by 20.6%, reaching 29.2 billion…
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…