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…
Delta Bank based in Almaty city has announced it is shutting down its branches in 7 cities. The bank de-registered its branches in the cities of Atyrau, Aktobe, Uralsk, Karagandy, Taraz, Pavlodar and Petropavlovsk. Delta Bank was founded on September 1, 1993 in Aktau on the initiative of major oil and gas companies of West…
Major tasks of the future head of the state-owned PrivatBank include the development of a strategy for growth, preparations for successful inclusion of foreign investors in its capital within several years and further efforts to clear up the bank from toxic assets, acting governor of the National Bank of Ukraine (NBU) Yakiv Smolii said. Smolii…
The Board of the Central Bank of Uzbekistan has decided to raise the refinancing rate to 14% from 9%, the press service of the bank said in a message. “This decision was made due to the acceleration of inflation for the past period and the need to limit the increased inflationary risks,” the message said.…
First Ukrainian International Bank (FUIB) presented the annual report on the results of the bank’s work in 2016. “We abandoned the format that is traditional for banks annual results and used a creative approach to the preparation of the annual report. In addition to information on the bank’s activities, we also analyzed the main figures…
The National Bank of Ukraine (NBU) has given six months to PrivatBank to settle relations with Football Club Dynamo (FC, both based in Kyiv) in line with regulatory requirements. According to the response of the central bank to PrivatBank, lending to persons connected with the previous owners of PrivatBank (including FC Dynamo) violates the restrictions…