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…
The state-controlled Oschadbank (Kyiv) in January-June saw net profit rise by 22% YoY, to UAH 306 million, according to a press release from the bank. Operating income increased by 20.3%, to UAH 4.7 billion. The assets of the bank in six months increased by 4.6%, to UAH 220.3 billion. The loan and investment portfolio rose…
S&P Global Ratings affirmed its “B-/B” long- and short-term counterparty credit ratings on Turon Bank, the rating agency said in a message. The outlook remains stable. The affirmation follows Turon Bank’s removal in June by the Uzbek government from a list of entities to be privatized. As such, S&P thinks that strategic uncertainty related to…