The state-owned Oschadbank (Kyiv) seeks to boost the share of small and medium-sized enterprises (SME) in its loan portfolio 6-fold by 2020, to 30%, Oschadbank Board Chairman Andriy Pyshny has said. “The development strategy of Oschadbank, which has been in the active phase of modernization in the past three years carried out jointly with our…
Sergiy Tigipko intends after the purchase of VS Bank (Lviv) to merge it with TAScombank (Kyiv), the businessman said during the Ukrainian banking forum CIS Bankers held in Kyiv. “We want to merge VS Bank and TAScombank – we undertook such obligations. This will allow us to significantly increase the capital (by 60%), which we’ve…
In August-September the National Bank of the Republic of Kazakhstan purchased $139.7 million on the market over the foreign exchange interventions, the financial regulator’s press service reported. “In August and September, the interventions amounted to $70 million and $69.7 million respectively,” Director of the Monetary Operations Department of the National Bank of Kazakhstan Aliya Moldabekova…
Starting from December 2020, foreign banks and insurance organizations will be allowed to open branches in Kazakhstan, the press service of the country’s National Bank reported. On October 18, the chairman of the National Bank of Kazakhstan, Daniyar Akishev, said that the country’s accession to the World Trade Organization opened new areas of activity for…
Azerbaijan Banks Association (ABA) positively assesses the consolidation in the country’s banking sector, ABA head Zakir Nuriyev said. “Such discussions have always been held in the banking sector, but they have intensified lately,” he said, adding that ABA supported such negotiations. Nuriyev noted the necessity to encourage such negotiations so that they were held at…
The Supreme Court of Ukraine has upheld court decisions obliging ex-owner of the insolvent Delta Bank Mykola Lahun to compensate UAH 4 billion, or $150 million, in favor of the state-run Oschadbank, according to the latter’s press service. The case concerns Delta Bank’s failure to fulfill obligations under two contracts of 2010 related to the…
The Baku Stock Exchange (BSE) held an auction on placement of short-term notes of Azerbaijan’s Central Bank (CBA) in the amount of 150 million manats with a maturity of 28 days, BSE said. The demand during the auction once again exceeded supply – banks submitted applications for 431.9 million manats. The entire amount put up…