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…
First Ukrainian International Bank (FUIB) has become the first bank in Ukraine to issue an e-license. As of today, FUIB has issued 5 out of 11 e-licenses in Ukraine and is the leader in providing this service in Ukraine. On July 3, the National Bank started issuing personal licenses to individuals in electronic form through…
PrivatBank in January-March saw its net profit rise 3.52-fold, to UAH 744 million, the bank said in the information disclosure system of the National Commission on Securities and the Stock Market. Its net interest income increased by 22%, to UAH 959 million. After sending UAH 2.337 billion to the reserves for bad loans, the bank’s…
Azer Turk Bank’s assets reached 311. 623 manats as of June 30, said the message posted on the bank’s website on July 24. Loan portfolio of the bank totaled 126.7 million manats. The aggregate capital of the bank, after payoffs, amounted to 54.811 manats, the capital adequacy ratio was set at 40.84%. The total income…
Finance and Capital Market Commission in cooperation with Federal Bureau of Investigation’s Counterproliferation Center found out in a target inspection that Latvian banks – Norvik Banka and Rietumu Banka – had not followed requirements of regulations for the prevention of money laundering and terrorism funding. Violations are associated with client evaluation, which includes transaction monitoring…
S&P Global Ratings affirmed its “B+/B” long- and short-term counterparty credit ratings on Ipoteka Bank JSCM. The outlook is stable. The affirmation reflects S&P’s view that over the past two months Ipoteka Bank’s capitalization has significantly improved on the back of support received from the government of about Uzbekistani sum (UZS) 380.8 billion (about $95…