Commercial banks of Uzbekistan in 2017 provided investment loans worth 16.1 trillion soums, up 1.3-fold YoY, the Central Bank of Uzbekistan said in a message. The Central Bank notes that when issuing investment loans, banks focused on ensuring timely and full financing of projects included in the State Investment Program for 2017, as well as…
After almost five months of discussion, the National Bank of Kyrgyzstan decided to prohibit payments made with mobile phones, the Executive Director of the Association of Communications Providers Aibek Kurenkeev declared at a press conference on January 23. According to him, the Association opposes restrictions initiated by the National Bank to the development of non-cash…
Ukrainian banks maintain positive expectations regarding the growth in lending to small and medium-sized enterprises (SME), as well as the population over the next 12 months, according to the report “Credit Conditions Survey” posted on the website of the National Bank of Ukraine (NBU). According to the central bank, 72% of the banks surveyed expect…
The Bank of Estonia has come up with a plan to reduce the use of 1-cent and 2-cent coins before eventually removing them from circulation. The central bank floated a proposal at the tax environment forum to discuss how to start rounding off cent values at vendors up and down to the nearest 5 cent-rounded…
The state-owned Oschadbank, the leader in the number of branches in Ukraine, in October-December 2017 closed 102 structural divisions, the National Bank of Ukraine (NBU) has reported on its website. As of January 1, 2018 the branch chain of the bank had 3,305 branches. The top three most active banks in optimization of their chains,…
Ukrainian banks in 2017 reduced the number of their operating structural units by 827, to 9,489 branches as of January 1, 2018, according to the National Bank of Ukraine (NBU) website. In particular, the state-run Oschadbank closed the largest number of branches in 2017, namely 443 units, while UkrSibbank shut down 53 units, Pravex-Bank 45…
The National Bank of Kyrgyzstan conducted the first intervention this year to sell dollars. The bank sold $5.4 million with settlements on the date of the transaction. Growth in dollar exchange rate forced the National Bank to enter the currency market. Since the beginning of the year, the currency has risen in price by 50…