Azerbaijan’s NIKOIL Bank and non-bank credit organization TBC Kredit (subsidiary of Georgian TBC Bank) are holding negotiations on the merger. To this end, both parties have signed an agreement on strategic partnership. A source close to the negotiations said that it was too early to talk about the actual merger, because there were still a…
Commercial banks still have the largest segment in Latvia’s finance and capital market – 84% of the sector’s assets, according to data from Finance and Capital Market Commission. According to FCMC report from 2017, as a result of changes in the finance sector, the volume of foreign clients’ deposits in Latvian banks declined 30% in…
The National Bank of Ukraine (NBU) has introduced changes in tariffs on organizational services and other types of services (operations) carried out by the central bank. The increase in tariffs for banks took place from July 24 for budgetary institutions (including the State Treasury), while for banks being under liquidation and the Deposit Guarantee Fund…
The administrator of the liquidated Latvijas Krajbanka recovered EUR 1,038 million in June, up 6.9-fold MoM, according to the official outlook published in Latvian Herald. The bank’s administrator has recovered all the money from issued loans in June. With that the administrator recovered EUR 1.865 million in the first half year of 2018. At the…
Ukrainian banks in the first half of 2018 reduced the number of operating structural divisions by 361, to 9,128 as of July 1, according to the National Bank of Ukraine. According to the data published on the regulator’s website, the largest number of branches during the period under review was shut down by state-owned banks,…
The Deposit Guarantee Fund has resumed payments to the depositors of insolvent PJSC Fidobank, the fund’s press service reports. “From July 9 the Deposit Guarantee Fund has been paying refunds to the depositors of PJSC Fidobank under bank deposit agreements, regardless of the date of their termination and under bank account agreements (including card accounts),…
A state-of-the-art Belarusbank branch has been opened in the China-Belarus industrial park Great Stone. Belarusbank Deputy Chairwoman of the Board Svetlana Kozhekina stressed: “It is a particularly important branch because it will become the face of the entire bank not only in the industrial park but for all our present and future partners from China.…