PrivatBank (Dnipro) has proposed repaying UAH 13.8 billion debt on refinancing to the National Bank of Ukraine (NBU), which will free ex-co-owner of the financial institution Ihor Kolomoisky from personal guarantees, NBU Head Valeriya Gontareva has said. “The bank wants to repay this refinancing to us, but then they will rid Kolomoisky of all the…
Two individuals, Ukrainian citizens, in April submitted packages of documents to the National Bank of Ukraine (NBU) to obtain its approval for the acquisition of a direct stake in the public joint-stock company Prominvestbank (Kyiv), the press service of the central bank has reported. “Now the documents have been registered and are under consideration. After…
The key risks of the Ukrainian banking sector are low operation efficiency of state-owned banks and low quality of their assets, according to the banking sector review published by the National Bank of Ukraine (NBU) on its website. “Largest state-owned banks require the radical change of their business models and designing long-term development strategies. The…
Since the start of the month, Agroinvestbonk, Tajikistan’s largest lender, began telling its clients that as of May 4 they would only be able to withdraw 500 somoni ($58) daily on their cards. Since February, the bank had been allowing account-holders to withdraw double that amount. Things have not quite yet got as bad as…
Azerbaijan’s Financial Market Supervisory Authority (FIMSA) has registered a prospectus of the Azerbaijani Central Bank’s short-term notes worth 25 million manats, FIMSA said on May 8. The message said 250,000 notes would be issued at a par value of 100 manats each, and their maturity period would be 28 days. A short-term note is a…
OTP Bank in January-March saw a 14.6% fall in net profit, to UAH 279.492 million. Its net interest income narrowed by 37.5%, to UAH 483.17 million. Not taking into account spending on reserves, net interest income totaled UA 447.34 million (up by 18.8% YoY). Commission income grew by 22.1%, to UAH 249.063 million. The bank…
A strategy for state-owned banks being designed will focus on settling the problem of competition between the financial institutions, first of all PrivatBank and Oschadbank (both based in Kyiv), Ukrainian Finance Minister Oleksandr Danyliuk has said. “Oschadbank is competing with PrivatBank. I cannot criticize managers of the two banks for competition: they are commercial structures,…