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…
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)…