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…
The National bank of Tajikistan (NBT) is reportedly taking measures to stabilize the country’s currency market. “Since the beginning of the year, the Tajik national currency, the somoni, has lost 7.32% of its value against the dollar at the official exchange rate,” said an official source at Tajik central bank. “Meanwhile, the somoni has lost…
Ukraine’s Cabinet of Ministers, under a proposal of the Finance Ministry, has approved the attraction of an external advisor who will advise the ministry in upgrade of the strategy for reforming state-owned banks. The decision was made by the government on April 12. “Implementing clause 13 of the memorandum (signed by Ukraine and the International…
Tsesnabank JSC informed it has received a permission of the National Bank to acquire a major stake in Bank CenterCredit JSC and approval to become a bank holding. “Tsesnabank (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE on receipt on April 10, “of permission No. 19 dated April 7,…
The Individuals’ Deposit Guarantee Fund on the basis of the decision of the National Bank of Ukraine (NBU) dated April 7, on declaring Finbank (Odessa) insolvent on April 10, introduced temporary administration in the financial institution for one month, the fund said on its website. Viktoria Stepanets has been appointed temporary administrator of the bank.…
Ameriabank retains absolute leadership in the banking sector of Armenia by all key financial indicators i.e. assets, liabilities to clients, total capital, loan book and net profit, based on 2016 results. Furthermore, the bank has reported strong performance in retail banking. (PanArmenian/Business World Magazine)