Uzbek joint-stock commercial bank Asia Alliance Bank together with Kazakhstan’s export insurance company KazakhExport and “Alfa Bank” JSC have successfully executed a deal for a total of $1.5 million. The main objectives of the bank’s foreign economic activity are to attract resources of the world financial institutions for financing the sectors of the economy of…
Belarus is turning into a stably profitable investment destination, Sberbank President, Chairman of the Board German Gref has said. German Gref noted that the bank found a stable and lucrative investment market in Belarus. “The operations in Belarus generated a 17% return on capital last year, which is pretty good for the banking sector, although…
The volume of foreign deposits in Latvian banks, including ABLV Bank in the middle of its liquidation, declined to 28.7% in June when compared to 39.7% at the end of 2017, according to the latest information from the Finance and Capital Market Commission. Without ABLV Bank, the volume of foreign deposits comes down to 22.1%.…
From July onward, Norvik Bank will be using a new authorization tool for internet banking services – Google Authenticator, as confirmed by the bank. The bank notes that it is a modern and secure mobile app that offers quick authorization of payments and other transactions in e-Norvik Internet banking service. This app, according to the…
The majority of banks whose business activities are associated with servicing non-residents will continue working in Latvia, as confirmed by Finance and Capital Market Commission Peters Putnins. He said that a previous outlook stated that certain banks could cease working in Latvia because of the restriction for banks to cooperate with shell companies. “This outlook…
Ukrainian solvent banks in January-May received UAH 12.812 billion ($488 million) in profit, which was twice the figure at UAH 6.851 billion ($261 million) YoY. Revenues of solvent banks over the period under review grew by 5.9% YoY, to UAH 78.275 billion ($3 billion), while expenses dropped by 2.4%, to UAH 65.463 billion ($2.5 billion),…
In 2017 the National Bank of the Kyrgyz Republic transferred 2.1 billion soms to the country’s budget, the Chairman of the National Bank Tolkunbek Abdygulov stated at the meeting of the parliamentary committee on budget and fiscal policy. According to him, in 2016 the bank conducted 52 interventions, and in 2017 – 21. “This is…