The center for monitoring and combating computer attacks in the financial sphere will start operating in 2018, First Deputy Chairman of the Board of Belarus’ National Bank Taras Nadolny declared ahead of the third CIS international banking and finance forum Minsk Business Meetings. “We are now working to set up the unit which will deal…
The Estonian business of the Swedish financial provider SEB earned a profit of EUR 22.9 million in the third quarter of 2017, which is a 17.4% increase over the same period last year, when the bank reported a profit of EUR 19.5 million. The operating income of SEB Estonia in the third quarter was EUR…
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…