All the banks working in Latvia have proven their desire to continue working in the country’s financial sector, says manager of Finance and Capital Market Commission’s Communication Department Ieva Upleja. “So far all banks have confirmed their desire to continue working in Latvia’s financial sector,” said Upleja. As for the banks’ business plans, FCMC representative…
As of April 4, Azerbaijan Deposit Insurance Fund (ADIF) paid compensations worth 45.5 million manats to the depositors of Azerbaijan’s DemirBank OJSC, the license of which was revoked in December 2017, the ADIF said in a message on April 4. The volume of compensated deposits in DemirBank totals 63.5 million manats, while the volume of…
The Deposit Guarantee Fund last week sold insolvent banks’ assets worth UAH 356.46 million, the fund’s press service reports. “Last week the general sum from the sale of assets of 37 banks being under liquidation totaled UAH 356.46 million,” reads the report. In particular, UAH 241.54 million was received in repayment of the fund creditors’…
The Black Sea Trade and Development Bank (BSTDB) has extended a new medium-term 75 million GEL (about $30 million ro EUR 25 million) loan to the Bank of Georgia aimed at supporting small and medium-sized enterprises (SMEs) in Georgia. It is the second time the BSTDB is offering a loan to the Bank of Georgia…
The European Central Bank (ECB) has withdrawn the authorization of Versobank AS to operate as a credit institution. The ECB followed a recommendation of the Estonian Financial Supervision Authority according to which Versobank had committed serious breaches of legal requirements, in particular concerning the prevention of money laundering and combating the financing of terrorism. Following…
S&P Global Ratings kept their “B+” long-term global scale issuer credit rating and “kzBBB-” long-term Kazakhstan national scale rating on Kazkommertsbank (KKB) on CreditWatch with positive implications, where it was placed on December 22, 2017, the press office of the international rating agency reported. At the same time, the rating agency affirmed the “B” short-term…
The National Bank of Ukraine (NBU) has left the list of systemically important banks unchanged. It includes three banks – PJSC CB PrivatBank, JSC Ukreximbank and JSC Oshchadbank, the central bank’s press service reports. “PJSC CB PrivatBank, JSC Ukreximbank and JSC Oshchadbank have been designated as systemically important for 2018. This is stipulated in the…