The Deposit Guarantee Fund has extended the term of liquidation of three banks – JSC Commercial Bank Union, JSC Commercial Bank Expobank, and JSC Commercial Bank TK Credit, the Fund’s press service reports. “The Executive Directorate of the Deposit Guarantee Fund approved a decision dated March 15, No. 741, to extend the term of liquidation…
The National Bank of Ukraine has prolonged sanctions against Sberbank, Prominvestbank, VTB Bank, and BM Bank, in line with the decision of the National Security and Defense Council of Ukraine “On the application of personal special economic and other restrictive measures (sanctions)” dated March 1. According to a report posted on the NBU website, the…
The first Islamic bank will start working in Tajikistan in 2018. “The first Islamic bank will work this year in Tajikistan. The issues of expanding the operations of the International Islamic Trade Finance Corporation (ITFC) in the financial market of Tajikistan were discussed at a meeting of Deputy Chairman of the National Bank of Tajikistan…
Last year the largest profits among banks in Latvia were recorded for Swedbank and ABLV Bank. Seven banks worked with losses in Latvia last year, according to data compiled by Association of Latvian Commercial Banks. Swedbank’s profits were EUR 94.366 million, up by 1.6% YoY. This amount also accounted for 40% of the banking sector’s…
Currency reserves of the Central Bank of Azerbaijan (CBA) amounted to $5.387 billion in February, up by $1.018 billion (23.3%) YoY, according to statistical data posted on the CBA website on March 7. During the month, CBA reserves rose by $6.1 million. Currency reserves of CBA increased by $1.36 billion or by 34.2 % in…
The Azerbaijani banking sector will be able to overcome the challenges before it, Ziyad Samadzade, chairman of the parliamentary committee on economic policy, industry and entrepreneurship, said at a conference on “Financing through capital markets, listing and investments” in Baku on March 6. Samadzade said that the banking sector of Azerbaijan had gradually begun to…
As of late January Azerbaijani banks’ liabilities to the country’s Central Bank (CBA) decreased to 501.7 million manats, or more than 3-fold YoY, according to the report of the country’s Financial Market Supervisory Authority. Banks have reduced their liabilities by 19.7%, from 30.35 billion manats to 24.37 billion manats, according to the report. The main…