The Supervisory Board of PrivatBank has approved a new structure and composition of the management board, a press release issued by the bank states. “The management board structure is better aligned with the Bank’s tasks in the transformation period and the best European practices with a focus on the implementation of the approved Bank’s development…
The Central Bank of Azerbaijan (CBA) received 350 million manats from banks at a deposit auction on August 27, CBA said in a message. According to the message, the demand at the auction amounted to 503.4 million manats. The weighted average interest rate on deposit transactions concluded within the auction was 8.01%. The CBA has…
The Ukrainian Deposit Guarantee Fund this week intends to sell assets of insolvent banks for the total amount of UAH 6.785 billion, the fund’s press service reports. “The assets of insolvent banks for the sum of UAH 6,784.53 million will be put up for sale this week,” reads the report. According to the Deposit Guarantee…
Georgian company TBC Bank has enjoyed a considerable year-on-year jump in its pretax profit in the 2 quarters of 2018. During the first half of the year TBC’s profit amounted to GEL 239.5 million ($92.8 million). Compared to the first half of last year, TBC Bank reports a GEL 48.1 million ($18.6) increase. Over the…
Kazakhstan’s Eurasian Bank JSC plans to increase the share of retail lending in its portfolio, the bank’s Chairman Pavel Loginov said. “We are planning to change the bank’s balance structurally – retail and corporate businesses should be at 60% and 40% respectively by 2020,” Loginov said. “A year ago the ratio was 40% and 60%,…
The Deposit Guarantee Fund has resumed payments to the depositors of insolvent Aksioma Bank, the fund’s press service reports. “From August 20 the Deposit Guarantee Fund is paying refunds to the depositors of PJSC Aksioma under bank deposit agreements (including card accounts) within the limit of UAH 200,000,” reads the report. According to the Deposit…
The assets of Versobank, currently under liquidation, exceed its known liabilities, and all bank deposits will be compensated in full, the bank’s liquidators said. To date, over EUR 177 million have been paid out to the depositors. “In June and ahead of the due date, we decided to compensate to all customers the deposits and…