Azerbaijani banks sold $621.67 million in January-June, down 2.7-fold YoY, according to the report of the Central Bank of Azerbaijan (CBA). Bank clients purchased 10.35 million pounds sterling, 126.58 million euros and 1.09 billion Russian rubles in cash over the six months of this year. (Trend/Business World Magazine)
Raiffeisen Bank Aval (Kyiv) has issued a loan in the national currency for UAH 400 million to the International Finance Corporation (IFC). According to the website of Raiffeisen Bank Aval, the loan is granted for eight years. The IFC will use the funds raised to finance the investment projects of Ukrainian companies. “We are working…
According to the results of the first half of the year, First Ukrainian International Bank (FUIB) increased the amount of cash loans by 70% YoY. At the same time, the increase of the issuance of loans on the open market amounted to 190% – these are new customers of the bank. The average amount of…
Currency reserves of the Central Bank of Azerbaijan (CBA) increased by approximately $870.2 million (by 21%) in July as compared to June 2016, and amounted to $5,033.1 million, according to the statistical data posted on the CBA website. CBA’s reserves increased by $69 million (by 1.4 %) MoM, while by $1,058.7 million (26.6%) since early…
Credit Rating agency announced the results of the rating action taken on bank deposit ratings assigned earlier to Ukraine’s banks. The agency confirmed grade 5 (highest deposit strength) of the bank deposit rating of First Ukrainian International Bank (FUIB). The rating was updated on July 28. According to the applied special-purpose rating scale the deposits…
Insolvent banks’ assets worth UAH 644 million have been sold via ProZorro.Sales system in July, according to a report posted on the Deposit Guarantee Fund’s website. “We set several new own sales records over the month – almost UAH 668 million. This is the sum of sales per month, of which UAH 644 million are…
TAScombank (Kyiv) saw UAH 22.337 million of net profit in January-June, up 30.7-fold YoY (UAH 727,000). According to a bank report, its net interest income in H1 quadrupled, to UAH 617.9 million. Not taking into account expenses to form reserves net interest income totaled UAH 392.055 million (6.2-fold rise). The bank saw a 2.5-fold rise…