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…
Nationalized PrivatBank has been determined an authorized bank that can be attracted to the storage of cash reserves of the National Bank of Ukraine (NBU), the NBU reported on its website, with reference to NBU Board resolution No. 460-RSh dated July 19. “Thus, the National Bank continues to delegate some of the functions that it…
The Finance Ministry of Ukraine and PrivatBank signed a memorandum of cooperation, which would allow using unique achievements and technologies of the bank in the IT industry to create a unified system for verifying budgetary payments in Ukraine, the PrivatBank press service reports. According to Finance Minister Oleksandr Danyliuk, the national budget annually loses billions…
Russia’s VTB 24 is buying the share (49%) of Azerbaijani AtaHolding group of companies in the authorized capital of VTB Bank Azerbaijan, says a message on the website of the Center for Disclosure of Corporate Information. VTB 24 will acquire 124,496,737 shares of the bank at a cost of $0.25 each. Thus, the total transaction…