A new building of Rysgal commercial bank – Turkmenistan’s first bank created by private entrepreneurs – opened in Ashgabat. The private credit organization created by entrepreneurs gives a new impetus to developing the private sector of the Turkmen economy. In late March, the International Monetary Fund (IMF) said Turkmenistan needed to improve the business and…
This year has seen an increase in demand for consumer loans – EUR 9.3 million was provided to clients in the first half-year of 2017, up by 15% YoY, as reported by SEB Bank representatives. “According to SEB Bank’s data in summer months residents more actively use loans to purchase cars, perform home repairs, travel…
The National Bank of Kazakhstan is maintaining the base rate at 10.5%. “The National Bank of the Republic of Kazakhstan has decided to keep up the base rate at the level of 10.5% within +/- 1% corridor. The annual inflation level is consistent with the forecasts made by the National Bank and remains within the…
The total debt of largest Ukrainian insolvent banks and their owners to the state and depositors amounts to at least UAH 144.5 billion. This data has been provided by the National Bank of Ukraine (NBU) and the Deposit Guarantee Fund. “Among the largest debtors are the following financial institutions: Delta Bank (with a total debt…
The transactions on purchase and sale of foreign currency between the authorized banks and their clients were carried out at the average exchange rate fixed in interbank trading sessions held in Uzbekistan during the previous week. By its resolution the Uzbek government abolished this procedure. According to the decision of the country’s Cabinet of Ministers,…
Total volume of capital of Azerbaijan’s banking sector amounted to almost 2.76 billion manats in January-May, according to a banking sector outlook of the Financial Market Supervisory Authority (FIMSA). Total capital volume of Azerbaijani banks has increased by 44.5% since early 2017. By late May, the sector’s total assets amounted to 30.1 billion manats as…
The International Bank of Azerbaijan (IBA) has received enough votes from creditors to start the process of restructuring its foreign liabilities, Bloomberg reported, referring to the bank’s statement. Creditors holding more than 87% of the debt have voted in favor of the restructuring process, according to the report. Voting on the plan of voluntary restructuring…