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…
The transition bank created on the basis of Diamantbank declared insolvent earlier would have enough attractive assets, and the bank had a potential investor, Diamantbank Board Chairman Oleh Khodachuk has said. “In four days after the introduction of interim administration the bank’s employees carried out titanic work resulted in submitting an application of a qualified…
Alfa-Bank (Kyiv) in January-March received UAH 6.876 million of net profit against UAH 536.849 million of net loss for the same period in 2016. According to a bank financial report released on its website, its net interest income in the reporting period increased 2.63-fold, to UAH 653.827 million. Excluding expenses for the formation of reserves,…
According to the data of Association of Latvian Commercial Banks, compared to 2015, the number of POS terminals in Latvia increased 16% in 2016, reaching 41,613 terminals in total. On average, 494 new POS terminals are released in the country. Aside from that, the number of legal persons using POS terminals to process clients’ payments…