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…
The National Bank of Kyrgyzstan sold 169 kg of gold in measured ingots for 468 million soms, the Chairman of the NB KR Tolkunbek Abdygulov said at the parliament session. According to him, these ingots have never been ordered from foreign countries. Kyrgyzaltyn produces them. The project for the sale of gold bars was launched…
Ukrainian businessman, owner and president of DCH Group Oleksandr Yaroslavsky is ready to purchase another Ukrainian bank if his bid to acquire Prominvestbank (PIB) fails. “I will expand my presence in the financial segment. If I am unsuccessful with PIB, I’ll look at other banking institutions. I have acquired several large industrial assets, and now…
Belarus’ National Bank will unify the methods of calculating the gold and foreign exchange reserves, the information and public relations department of the National Bank reported. As of July 1, the status of the gold and foreign exchange reserves will be characterized by a single indicator – the value of the International Reserve Assets (IRA)…
The situation with approval of voluntary restructuring plan of foreign obligations of the International Bank of Azerbaijan (IBA) by foreign creditors will be clarified by mid-July, Azerbaijan’s Finance Minister Samir Sharifov declared on June 13. “We have already informed the public about the negotiation process,” said the minister. Earlier, the IBA commenced a process of…
Some $25.47 million has been withdrawn from Bank National Credit in favor of insiders, the Individuals’ Deposit Guarantee Fund reported on its website. “The amount equivalent to a quarter of the balance sheet of PJSC Bank National Credit has been debited from the correspondent account of Bank Frick and Co Aktiengesellschaft (Liechtenstein) in favor of…