The Baku Stock Exchange (BSE) held an auction for placement of short-term notes of Azerbaijan’s Central Bank (CBA) worth 300 million manats with a maturity period of 28 days, the BSE said in a message. Demand at the auction exceeded the offer by 54.5%. Thus, demand at the auction amounted to 463.6 million manats, while…
The Deposit Guarantee Fund of Ukraine has extended the term of liquidation of PJSC Commercial Bank Ukrainian Financial World, the Fund’s press service reports. “Under point 2 of Part 5 of Article 12, Part 1 of Article 35, Part 5 of Article 44, Part 3 of Article 48 of the Law of Ukraine “On Individuals’…
In July Ukrainian banks reduced the share of problem non-performing loans by 0.6%, to 55.1%, according to the data provided by the National Bank of Ukraine. According to the NBU, as of August 1, the total volume of provided loans grew by UAH 21.9 billion, to UAH 1.2 trillion. Of which non-performing loans amounted to…
Azerbaijan’s Rabitabank and Unibank have made a joint decision to issue syndicated loans, the Unibank said in a statement on September 4. The message said a “Protocol of intent”, implying the issuance of joint syndicated loans, was signed between the banks. The syndicated loans are usually issued to business customers by two or more banks.…
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…