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,…
PrivatBank states it will increase its payment terminal network by 20% with Verifone services, about 20,000 Verifone VX 520 terminals are expected to be deployed by September, the bank’s press service reports. “PrivatBank aims at increasing its network for payment and contactless cards acceptance by 20% in 2017. Verifone has been selected as the payment…
The National Bank of Tajikistan (NBT) has stopped operations of six more lending agencies. On May 1, Tajik central bank issued resolution on withdrawing licenses of the microlending agencies Asrina (Khujand) and Armon (Dushanbe). Asrina and Armon reportedly failed to comply with the NBT’s minimum capital requirements for the microlending organizations and the NBT withdrew…
State-controlled Oschadbank (Kyiv) in 2016 received UAH 464.085 million of net profit against UAH 12.273 billion of net loss for 2015. According to the financial report of the bank, its net interest income in 2016 was UAH 2.677 billion, while in 2015 this figure was “minus” UAH 9.844 billion. In addition, the bank received UAH…
Tajikistan’s largest commercial banks – Tojik Sodirot Bonk (TSB) and Agroinvestbonk – will hardly recover from recent shocks quickly. It will take them years to restore their financial assets. Two other distressed banks – Tajrpombank and Fononbank – have been declared bankrupt. Until recently TSB and Agroinvestbonk have occupied a half of the country’s banking…