Azerbaijan’s Rabitabank has increased authorized capital by 12.8 million mantas, to 101.3 million manats, the bank said in a message. The bank’s authorized capital was increased at the expense of existing shareholders. The aggregate capital of the bank reached 104.6 million manats. The main goal of increasing the bank’s capital is to strengthen stability of…
Daniyar Akishev, Chairman of the National Bank of the Republic of Kazakhstan, mentioned the much talked about merger of Qazkom and Khalyk Bank on February 22. The question about the consolidation of the two Kazakhstani banks popped up at the online conference Akishev held in Almaty. “The process of the merger is underway. We were…
The banking sector of Ukraine in 2017 posted UAH 24.4 billion of net loss, according to a February survey of the banking sector posted on the website of the National Bank of Ukraine (NBU). According to the document, PrivatBank and two banks with Russian capital mainly saw the loss. In 2017 the number of loss-making…
PrivatBank has started an internal investigation into the leakage of bank secrecy, the bank has said in a press release. “We want an understanding of the need to conduct this complicated work in the bank and avoid public manipulation using unreliable information regarding the investigation process, both in statements by politicians and public figures with…
The banking system of Ukraine, including both solvent and insolvent financial institutions, saw UAH 25.972 billion in losses in 2017, down 6-fold YoY. According to the data released on the website of the National Bank of Ukraine, solvent banks in 2017 reported a UAH 24.360 billion loss, while insolvent ones saw a loss of UAH…
The National Bank of the Republic of Belarus (NBRB) has published a roadmap of the main objectives and strategic initiatives for 2018, according to the website of the bank. “The National Bank makes plans for its operations in line with the main objectives set in the Banking Code and the NBRB Statute. The planning system…
The Deposit Guarantee Fund of Ukraine has extended the terms of liquidation of PJSC BG Bank and PJSC Cambio, the Fund’s press service reports. “The Executive Directorate of the Deposit Guarantee Fund approved a decision to extend the term of liquidation of PJSC Cambio for one year, from March 2, 2018 until March 1, 2019…