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…
Ukraine’s Cabinet of Ministers has approved of the additional capitalization of the state-run Oschadbank (Savings Bank of Ukraine) to the tune of UAH 5.750 billion. According to the cabinet decision, the bank will additionally issue 4,957 shares with the existing face value of UAH 1.16 million. As reported, the National Bank of Ukraine (NBU) on…
The nationalized Ukrainian-based PrivatBank has hired a leading Ukrainian company that is Rothschild’s partner in Ukraine to find buyers of PrivatBank’s 46.5% stake in AS PrivatBank Latvia, the Ukrainian bank said in a statement. PrivatBank’s supervisory council has given the green light to hiring, the bank said. The partner will also have to prepare and…