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…
The Deposit Guarantee Fund continues payments to the depositors of PJSC Commercial Bank Capital from March 5, the fund’s press service reports. “On March 5 the Deposit Guarantee Fund started carrying out payments to the depositors of PJSC Commercial Bank Capital via the fund’s automated system of payments on the regular part of the general…
Ukrainian solvent banks’ net profit grew 5-fold YoY in January, to UAH 1.69 billion ($63 million). The banks’ revenue in the first month of 2018 totaled UAH 14.599 billion ($544.5 million), while expenses stood at UAH 12.908 billion ($481.5 million), according to the National Bank of Ukraine (NBU). Interest income accounted for 77.4%, the largest…
BNP Paribas S.A. (France) has increased its stake in UkrSibbank (Kyiv) to 60% from 59.99%, the Ukrainian bank reported in the information disclosure system of the National Securities and Stock Market Commission. According to the report, the securities were transferred from the accounts of minority shareholders to the account of the French bank under the…
The European Bank for Reconstruction and Development (EBRD), Ukraine’s largest international investor, supports the Ukrainian government’s updated strategy for reforming the country’s state-owned banks. EBRD’s Country Director for Ukraine Sevki Acuner said that the strategy had been developed in the form of a general debate, which resulted in a very clear-cut strategy with the clear…
ABLV Bank will be liquidated in accordance with Latvia’s laws, because preservation of this credit institution is not in the interest of the country’s society, announced the European Central Bank. In the report, ECB concluded that ABLV Bank and its subsidiary ABLV Bank Luxembourg were expected to collapse in the near future. ECB has informed…