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…
Public joint-stock company Sberbank (Kyiv) from May 30 will close the account at Deutsche Bank, the bank has reported on its website. “Due to the closure of the account of Sberbank in the U.S. dollars at Deutsche Bank Trust Company Americas, starting from May 30 we ask to use the account at The Bank of…
There were 36 banks in Ukraine as of April 1 that needed boosting their charter capital by July 11, to the required minimum set of UAH 200 million, or $7.55 million, according to the National Bank of Ukraine (NBU). The list of banks with charter capital worth less than UAH 200 million includes Motor-Bank, Zemelny…