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…
The Central Bank of Azerbaijan (CBA) will hold a deposit auction on November 6 to raise funds, the CBA said on November 2. CBA is ready to receive 100 million Azerbaijani manats from banks, with interest rate on deposits varying from 10.01% to 14.99%. The auction will be held on the Bloomberg trading platform. The…
Bank Pivdennyi (Odessa) in January-September posted a profit of UAH 58.385 million, up by 14.3% YoY (UAH 51.101 million). According to a bank financial report posted on its website, its net interest income for the nine months amounted to UAH 721.308 million, up 2.7-fold YoY (UAH 271.020 million). Excluding expenses for formation of reserves, its…
PrivatBank (Kyiv) saw net loss of UAH 1.604 billion in January-September compared with net profit of UAH 592 million a year ago, according to a financial report of the bank posted on its website. The bank said that its net interest income grew by 43.8%, to UAH 4.959 billion. Not taking into account expenses on…