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…
The total loss of Ukrainian solvent banks was estimated at UAH 223 million in January-July, down 41.5-fold YoY, according to the National Bank of Ukraine (NBU). Ukraine’s solvent banks received UAH 1.43 billion in profit over the period under review. According to the NBU, incomes of banks for January-July amounted to UAH 101.624 billion, which…
The National Bank of Ukraine (NBU) at the foreign exchange auction on August 17 bought $44 million, according to the press service of the central bank. As a result of the auction, the minimum exchange rate of hryvnia was UAH 25.5 per U.S. dollar, the maximum – UAH 25.5195 per U.S. dollar, and the average…
Commission for money withdrawal from DNB Bank’s ATMs has been introduced by Swedbank and only for its own clients, DNB Bank’s representatives say. “DNB Bank has not changed conditions for its clients – DNB Bank clients will still be able to withdraw money from this bank’s ATM network in accordance with previous conditions,” the bank…
Assets of solvent banks in Ukraine, excluding the insolvent financial institutions, in January-June fell by UAH 18.375 billion ($715 million), or by 1.5% YoY, as of July 1, 2017, to UAH 1.238 trillion, or $48.2 billion, according to the National Bank of Ukraine. The assets decreased by UAH 11.655 billion ($453.5 million), or by 0.9%…