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…
The National Bank of Ukraine (NBU) in 2017 bought nearly $2.3 billion on the interbank forex market, according to the NBU website. At the same time, the regulator purchased over $1 billion through interventions in the form of a request for the best forex rate, the report said. Over the period under review, the National…
The Baku Stock Exchange (BSE) held an auction for placement of short-term notes of Azerbaijan’s Central Bank (CBA) worth 150 million manats with a maturity period of 28 days, the BSE said in a message. The demand exceeded the supply – banks applied for 150.69 million manats at par value. The deadline for payments on…
Stable uncertainty witnessed around the appointment of Valeriya Gontareva’s successor to the post of the National Bank’s Governor while an acting head remains at the helm has already become a bad tradition for Ukraine, said a Ukrainian political analyst and head of the Penta Center for Applied Political Research, Volodymyr Fesenko. “This is not the…
The National Bank of Ukraine (NBU) since July 3, 2017 has issued around 400 electronic personal currency licenses to individuals for investment abroad, Deputy NBU Governor Oleh Churiy has said. “I think that the tool is of good demand. In six months we have issued around 400 licenses. The sum of investment abroad today is…
The Central Bank of Azerbaijan (CBA) raised 9.98 billion manats from banks at deposit auctions in 2017, the CBA said on January 4. The demand from banks amounted to 25.56 billion manats, which exceeded the supply nearly 2.6-fold. The interest rate on deposit transactions concluded within the framework of the auctions was 10.01-14.87% during the…