Azerbaijan’s Bank BTB has created a BTB Kapital investment company. The authorized capital of the company is 350,000 manats. The official representative of the company is Rustam Jafarov. Presently, five investment companies with a total turnover of 4.3 billion manats operate in Azerbaijan. Bank BTB has been operating in Azerbaijan since 2010. (Trend/Business World Magazine)
An auction for placement of short-term notes worth 200 million manats of Azerbaijan’s Central Bank (CBA) will be held at the Baku Stock Exchange (BSE) on April 12, the BSE said. According to the message, two million notes at a par value of 100 manats each and maturity period of 28 days will be put…
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paid compensations worth 45.5 million manats to the depositors of Azerbaijan’s DemirBank OJSC, the license of which was revoked in December 2017, the ADIF said in a message on April 4.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The European Central Bank (ECB) has withdrawn the authorization of Versobank AS to operate as a credit institution.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…