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The European Central Bank (ECB) has withdrawn the authorization of Versobank AS to operate as a credit institution.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…
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…