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…
Stakeholders of Azerbaijan’s DemirBank decided to increase the bank’s total capital, the bank said in a message. The capital will be increased by transforming the bank’s external liabilities worth $105 million into Tier 1 capital, according to the message. The bank’s recapitalization plan approved by the stakeholders has already been submitted to the Financial Market…
The National Bank of Ukraine (NBU) has become a member of the Basel Consultative Group (BCG), the outreach arm of the Basel Committee for Banking Supervision (BCBS), the NBU has reported on its website. “The BCG aims at attracting supervision officials of the countries which are not committee members to the discussion of new proposals…