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%…
The banking system of Ukraine (solvent banks as of the reporting date) in January-June saw UAH 1.85 billion of net loss, the National Bank of Ukraine (NBU) has reported on its website. The NBU also recalled that in Q1 profit of the banking system was UAH 4.1 billion (taking into account adjusting entries as of…
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…