Raiffeisen Bank Aval (Kyiv) has become the third bank in Ukraine that will be able to carry out operations with the cash reserves of the National Bank of Ukraine (NBU) and also provide regional banks with cash and take surplus from them, reads a report on the NBU’s website. According to the report, Raiffeisen Bank…
The Deposit Guarantee Fund continues payments to the depositors of JSC Artem Bank and PJSC Vector Bank, the fund’s press service reports. “From October 10 the Deposit Guarantee Fund has started carrying out payments to the depositors of PJSC Vector Bank, who haven’t received their refunds during previous payments, and the depositors whose accounts have…
The Central Bank of Azerbaijan (CBA) raised 100 million manatsat a deposit auction, the CBA said on October 9. The CBA was ready to receive 456.3 million manats from banks, and therefore, the demand exceeded supply almost 4.6-fold. The weighted average interest rate on deposit transactions at the auction was 10.01%. The CBA started holding…
Azerbaijan’s banks will get bigger in 2018, through the ongoing consolidation as well, Anar Hasanov, first deputy chairman of Azerbaijani AccessBank’s Management Board, said. “I believe that new bank merger cases will occur on the market in 2018,” he declared. “The banking sector is moving in this direction and local banks will be enlarged. It…
Azerbaijani banking sector stabilized after creditors restructured $3.3 billion in foreign obligations of the state-owned International Bank of Azerbaijan (IBA) in return for government bonds, said Nariman Mannapbekov, head of ADB Azerbaijan office. “Some capitalized banks are making initial efforts to gradually build-up their loan portfolios,” Mannapbekov said. On July 15, 2015, President of Azerbaijan…
Six banks violate the requirements for capitalization to UAH 200 million, Deputy Chairman of the National Bank of Ukraine (NBU) Yekateryna Rozhkova has said. “We diagnosed 37 small banks. After diagnostics, two banks were declared insolvent, two ceased operations and the remaining 33 did not require capitalization based on the quality of assets. But if…
The only shareholder of Alfa-Bank (Kyiv), ABH Ukraine, on October 2 and October 3 issued two tranches of eurobonds for a total of $100 million, according to a press release from the financial institution. According to the document, the securities were issued under the Reg S rule (for non-U.S. investors) with a maturity date on…