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…
The Deposit Guarantee Fund continues payments to the depositors of JSC Delta Bank from February 5, the fund’s press service reports. “From February 5 till March 19 the Deposit Guarantee Fund will carry out payments to the depositors of JSC Delta Bank,” reads the report. According to the Deposit Guarantee Fund, to obtain deposit refunds…
Decision of the specialized interdistrict economic court of Almaty to forcibly terminate the activities of Kazinvestbank JSC entered into force on January 24, the press service of the Kazakhstan Deposit Insurance Fund (KDIF) reported. All deposits of individuals in Kazinvestbank JSC were transferred to DB Alfa-Bank JSC. KDIF will attract an agent bank for payment…
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…