Turkey’s Ziraat Bank plans to open three more branches in Azerbaijan, bank’s Director General Huseyin Aydin declared on November 23. He reminded that at present, two offices of the bank – the head office and one branch – operated in Baku. “We plan to open the remaining three branches in the Azerbaijani districts, where industry…
The state-owned Oschadbank (Kyiv) after a tender to support short-term liquidity of banks on November 15 raised UAH 3 billion from the National Bank of Ukraine (NBU) for 84 days at 15.5% per annum using government domestic loan bonds as collateral, the press service of Oschadbank has reported. The press service said that the necessity…
The Deposit Guarantee Fund has extended the liquidation of PJSC Integral-Bank until November 26, 2018, the Fund’s press service reports. “The Executive Directorate of the Deposit Guarantee Fund approved a decision No. 5073 to extend the terms of liquidation of the PJSC Integral-Bank for one year, until November 26, 2018 inclusive, in line with part…
The National Bank for Foreign Economic Activity of Uzbekistan concluded loan agreements with leading German banks for a total of 950 million euros, the bank reported. The agreements were signed during the visit of a governmental delegation of Uzbekistan headed by Prime Minister Abdullah Aripov to Germany. The Uzbek-German business forum was held in Munich…
The National Bank of Ukraine (NBU) has set additional requirements for the inclusion of audit firms entitled to inspect banks in the corresponding state register, according to the NBU website, referring to Resolution No. 110. The document, among other requirements, stipulates an increase to 2 years of the minimum period of an audit firm’s contractual…
The National Bank of Ukraine (NBU) has allowed Ukrainian businessman Sergiy Tigipko to buy a 99.9% stake in Russian Sberbank’s Ukrainian subsidiary VS Bank, based in Lviv, according to the regulator’s website. “The National Bank of Ukraine has allowed Ukrainian citizen Sergiy Leonidovych Tigipko to buy 99.9% of VS Bank’s charter capital through indirect major…
The National Bank of Ukraine (NBU) has declared PJSC Bank Boguslav (Kyiv) insolvent, according to the central bank’s website. The NBU Board made corresponding decision No. 708-RSh/BT on November 6. “As of November 1, Bank Boguslav had not ensured the implementation of measures foreseen in the previously approved restructuring plan with respect to raising charter…