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Some $25.47 million has been withdrawn from Bank National Credit in favor of insiders, the Individuals’ Deposit Guarantee Fund reported on its website.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…
A Chinese company plans to invest its funds in the Bank Moscow-Minsk, manager for Belarus at DRex Food Group Zoya Kavaleva reported after the talks with Belarus Agriculture and Food Minister Leonid Zayats on June 12. “We would like to invest in the bank. We want to buy a stake in the bank or some…
Azerbaijan’s Rabitabank OJSC plans to increase its authorized capital through the new issue of shares, according to the bank’s message. The issue will be discussed during the extraordinary meeting of the bank’s shareholders, to be held on July 14. Meanwhile, the changes to Rabitabank’s regulations will also be discussed in connection with the new issue…
The National Bank of Ukraine has allowed businesses to invest abroad up to $2 million in equivalent on the basis of one currency license for one calendar year, whereas up to now the total amount of such transactions was $50,000 for one calendar month. According to the regulator, relevant resolution No. 51 dated June 8…
Standard & Poor’s (S&P) Global Ratings expects that Azerbaijan’s Kapital Bank OJSC will likely increase its already material market share, while its operating revenues continue increasing progressively and its profitability remains high, according to an S&P report. S&P confirmed the credit rating of the Azerbaijani bank at BB-/B level with a negative outlook. Meanwhile, the…