President of Turkmenistan Gurbanguly Berdimuhamedov signed a decree on reorganization of certain banks in the country, the Turkmen government said in a message. At a government meeting, the Turkmen president gave concrete instructions to the management of the country’s Central Bank. Also, a decree was signed on the transfer of rights and obligations on the…
The Central Bank of Uzbekistan has set new standards for managing current and instant liquidity of commercial banks, said the message posted on the bank’s website. The current liquidity ratio defined as the ratio of the amount of current assets (liquid assets and bank’s investments with a payment period of up to 30 calendar days,…
The Council of the National Bank of Ukraine (NBU) considers it sufficient to raise the minimum charter capital of banks to UAH 200 million, according to the council’s report posted on the central bank’s website. “Today’s requirements to the size of the banks’ charter capital in the amount of UAH 200 million from July 11…
The recently completed merger of Azerbaijan’s Atabank OJSC (AB; B-/Negative/b-) with Caspian Development Bank (CDB) has no immediate impact on Atabank’s ratings, Fitch Ratings said in its report. This reflects Fitch’s base case view, based on public disclosure, that the positive impact from the higher capital ratios of the merged bank is counterbalanced by recent…
Kazakh investor Arif Babayev has become the owner of Ukrainian Region-Bank renamed Sky Bank, the bank’s press service has reported. “The Kazakh investor bought universal bank Region-Bank with 26 year experience on the Ukrainian market renaming it Sky Bank and focusing on development of IT solutions,” the bank said on its website. “We are making…
The State Oil Fund of Azerbaijan (SOFAZ) sold $373.2 million through currency auctions organized by the Central Bank of Azerbaijan (CBA) in June, SOFAZ said in a message on July 3. During the six months of 2017, SOFAZ sold more than $1.687 billion at currency auctions. In total, Azerbaijan’s banks bought around $4.92 billion from…
Citizen of Belarus and Cyprus Viktor Prokopenya on June 30 submitted a package of documents to receive the approval of indirect acquisition of 100% of shares in the public joint-stock company Sberbank (Kyiv) via Paritetbank, Belarus to the National Bank of Ukraine (NBU), the press service of the central bank has reported. “At present the…