The Central Bank of Azerbaijan (CBA) plans to discuss the issue of revising the discount rate in mid-June, Elman Rustamov, chairman of the CBA, declared on May 30. “The monitoring of market prices in Azerbaijan held in May showed that inflation continued to decline,” Rustamov said. “In this situation, the issue of revising and mitigating…
The International Bank of Tajikistan (IBT) has opened its first banking service center in Qurghon Teppa, the capital of Khatlon province. The center opening ceremony that took place on May 25 was attended by top managers of the bank, regional administrators of Khatlon, representatives of the National Bank of Tajikistan (NBT)’s office in Khatlon, managers…
The board of the National Bank of Ukraine (NBU) has decided to lower the refinancing rate to 12.5% as of May 26, from 13% per annum. The decision was sealed in NBU resolution No. 318-rsh dated May 25, the NBU said in a statement. (Interfax-Ukraine/Business World Magazine)
PrivatBank is going to appeal a ruling by Kyiv’s district administrative court, which found it illegal to forcibly swap PrivatBank’s certain obligations for shares of an additional issue by the bank, the so-called bail-in procedure. “The decision of the court of first instance will be appealed by us, and we will prove our position,” PrivatBank…
State-run PrivatBank (Kyiv) has not yet been notified of a lawsuit lodged by eurobond holders with the London Court of International Arbitration (LCIA) against a forced swap of their securities for shares of an additional issue of the bank (the so-called bail-in procedure), Chairman of the bank’s board Oleksandr Shlapak has said. “We have not…
The National Bank of Ukraine (NBU) has deleted two companies – Analitic-Partners and Insider – from the registry of audit firms authorized to conduct audit checks at banks in Ukraine, the NBU reported on its website. The regulator says that the decision was taken on the basis of the companies’ applications. At the moment, there…
JSC RBK Bank announced the intention to merge with JSC Qazaq Banki. “Shareholders of JSC Bank RBK and JSC Qazaq Banki are negotiating the merger of the two institutions. In the near future the banks are expected to sign a memorandum of understanding, which will become the starting point for the merger,” the KASE report…