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…
The Supreme Court of Ukraine has upheld court decisions obliging ex-owner of the insolvent Delta Bank Mykola Lahun to compensate UAH 4 billion, or $150 million, in favor of the state-run Oschadbank, according to the latter’s press service. The case concerns Delta Bank’s failure to fulfill obligations under two contracts of 2010 related to the…
The Baku Stock Exchange (BSE) held an auction on placement of short-term notes of Azerbaijan’s Central Bank (CBA) in the amount of 150 million manats with a maturity of 28 days, BSE said. The demand during the auction once again exceeded supply – banks submitted applications for 431.9 million manats. The entire amount put up…
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…