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…
The National Bank of Ukraine (NBU) has decided to withdraw a license of PJSC Rodovid Bank nationalized in 2009 and then recognized insolvent under the Finance Ministry’s decision as of February 2016. This has been reported by the central bank’s press service. The NBU approved of a decision to revoke a banking license and liquidate…
Director of the Financial Stability Department at the National Bank of Ukraine (NBU) Vitaliy Vavryshchuk says the share of non-performing loans in Ukraine’s banking system is a record high in the entire history of international observations. “We have established a somewhat unpleasant and very costly record for the country’s economy and banking sector: the highest…
The Belarusian bank OAO Belinvestbank received EUR 50 million as a subordinated loan from the European Bank for Reconstruction and Development (EBRD) on December 18, the Belinvestbank press service declared. The money was transferred as part of the arrangements made when EBRD President Suma Chakrabarti visited Belarus in September. It is a unique deal for…
The Baku Stock Exchange (BSE) has registered the issue prospectus of interest-bearing book-entry registered unsecured bonds of OJSC Unibank, said the BSE in a message on December 18. One thousand bonds at a par value of $10,000 each have been issued. The yield on the bonds will be 6% per year. Unibank has been operating…
The owner and president of DCH Group Oleksandr Yaroslavsky has submitted a package of documents to the National Bank of Ukraine (NBU) seeking the approval of the acquisition of Prominvestbank (PIB, Kyiv), Deputy NBU Governor Kateryna Rozhkova has said. “On December 8 late in the evening the package of documents from Yaroslavsky arrived. Earlier we…