PASHA Bank’s share in the Azerbaijani banking market in terms of volume of assets reached 10% as of late 2016, Taleh Kazimov, the bank’s CEO and chairman of Executive Board, declared. The bank’s share in terms of the volume of the loan portfolio reached 5.5%, he said on April 25. In 2016, PASHA Bank’s assets…
The National Bank of Ukraine (NBU) on April 24, recognized Diamantbank (Kyiv) insolvent, according to the central bank’s website. The NBU board made corresponding decision No. 264-RSh/BT as of April 1, the bank failed to achieve the minimum level of regulatory capital adequacy at a ratio of 5% established by the central bank. Following the…
The Privat Group, the former owner of which is businessman Ihor Kolomoisky, in a report on profit and losses and other revenue for 2016 admitted spending on reserves for depreciation of credits and advance payments to clients UAH 144.713 billion, according to a draft audit report of Ernst&Young (E&Y), posted by the creative producer of…
Citibank (Kyiv) has decided to send UAH 1.269 billion to pay dividends, the bank has said in a report. The decision was made by the bank’s shareholders at a general meeting on April 19. Dividends will be paid within six month from the moment of the decision-making. Dividends will be paid directly to shareholders. Citibank…
The European Bank for Reconstruction and Development (EBRD) intends to buy a stake in state-owned Oschadbank (Kyiv) in the amount of 10-25% depending on the price, and sell it in three or five years at one of the Ukrainian exchanges, EBRD Managing Director for Eastern Europe and the Caucasus Francis Malige has said. “We are…
The state-owned Ukrgasbank in cooperation with Oxygen Group and ULF Finance has started to issue interest-free loans for the purchase of electric cars, the bank’s press service reported. The loan program is designed for four years. Loans will be issued at an interest rate of 0.001% a year with the first installment of 40% of…
The board of the National Bank of Ukraine (NBU) has decided to reduce the refinancing rate from April 14, to 13% per annum from 14% per annum introduced on October 28, 2016. “The restoration of the mitigation of the monetary policy is in line with the necessity of achieving inflation targets in 2017-2019 and would…