Fitch Ratings, the international ratings agency, said that it had withdrawn International Bank of Azerbaijan’s (IBA) $500 million senior unsecured notes following the completion of the bank’s debt restructuring and the settling of the issue on September 1. The agency has not yet rated the new $1 billion senior notes due 2024 issued in part…
Latvian and Lithuanian trade union leaders visiting Estonia last week were given an in-depth overview by Estonian colleagues of employees’ issues related to the creation of Luminor, a new Baltic bank, by the merger of the Baltic operations of DNB and Nordea. “Since we will have a Baltic bank in the new Luminor Bank, its…
The National Bank of Ukraine (NBU) has allowed banks to provide loans in domestic currency against the collateral of foreign currency on customers’ accounts. This has been reported by the press service of the central bank. “As part of further relaxations of anti-recessionary foreign exchange restrictions, the National Bank of Ukraine has allowed banks to…
Assets of Azerbaijan’s AtaBank OJSC have increased by 30%, to 609.9 million manats since the beginning of 2017, said Chairman of the bank’s Executive Board Dayanat Guliyev. He made the remarks at the signing ceremony of a partnership agreement with the Chinese UnionPay in Baku. “AtaBank is one of the country’s leading banks in terms…
Soon Latvian residents and businesses will be able to perform most transactions within seconds, Swedbank representatives promise. This will be made possible thanks to lightning-fast or electronic transaction system between European banks. Multiple Latvian banks intend to join this system. Swedbank predicts that Latvian residents will like this, seeing as how they have already gotten…
The Board of the National Bank of the Republic of Belarus (NBRB) has decided to reduce the refinancing rate from 12% to 11.5% per annum on September 13, the information and public relations office of the National Bank of the Republic of Belarus reported. The interest rates on standing and bilateral transactions designed to maintain…
The National Bank of Ukraine (NBU) has lifted restrictions on the issuance of cash in foreign currency and banking metals from current and deposit accounts through cash desks and ATMs, the NBU reported on the website. “Individuals will be able to receive cash in foreign currency or banking metals from current and deposit accounts through…