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…
Azerbaijan’s Financial Market Supervisory Authority is studying the possibility of local banks’ merger, according to the monitoring report on the implementation of measures reflected in the Strategic Roadmap for the Development of Financial Services. The possibility of further capitalization of the banks is also being considered, according to the report. The Financial Market Supervisory Authority…
The former Krediidipank is officially launching operations under the new Coop Pank brand. All Krediidipank subsidiaries will likewise be switching to the new name. Coop Pank’s major stakeholder is Coop Eesti, a retail group consisting of 19 regional consumer cooperatives. According to Coop Pank board chairman Margus Rink, 14 bank branches across Estonia have been…
An auction for placement of short-term notes worth 200 million manats of Azerbaijan’s Central Bank (CBA) will be held at the Baku Stock Exchange (BSE) on September 27, the BSE said. Some 2 million notes at a par value of 100 manats each and maturity period of 28 days will be put up for auction.…
Minimum authorized capital for each newly established commercial bank in Uzbekistan will be 100 billion soums starting from October 1. According to the decree of the country’s President Shavkat Mirziyoyev “On measures to further develop and improve stability of Uzbek banking system”, the banks operating in Uzbekistan must bring their authorized capital, if necessary, to…
The amount of currency purchased by Uzbekistan’s banks since the introduction of free currency conversion on September 5 exceeded $300 million, according to the country’s Central Bank. Of the total amount of the purchased currency, more than $200 million was sold to the population via currency exchange offices and $100 million was received from exporters.…