The National Bank of the Republic of Belarus (NBRB) will reduce the refinancing rate from 15% to 14% per annum on April 19, according to the NBRB Information and PR Office. The Board of the National Bank of the Republic of Belarus took a decision to reduce the refinancing rate from 16% to 15%, the…
The National Bank of Kyrgyzstan sold 151 kg of gold in weighted bullion bars for almost 420 million soms, the Chairman of the NB KR Tolkunbek Abdygulov declared. According to him, the Parliament didn’t support the proposal of the National Bank to abolish customs payments for the import of small gold bars, which would make…
State-controlled Oschadbank (Kyiv) has attracted credit resources from the German-Ukrainian Fund (GUF) in the amount of EUR 8 million and UAH 50 million to finance micro, small and medium-sized businesses. According to a bank press release, the parties signed the relevant credit agreements within the framework of the memorandum on strategic partnership and cooperation on…
The process of inventory of two troubled commercial banks – Tajprombank (Tajik Joint-Stock Commercial Industrial Bank for Reconstruction and Development) and Fononbank – is going on and special administrators appointed by the court say the banks have enough assets to settle with their customers. The banks began paying out savings starting from March 16. The…
Once the sale of Sberbank of Russia’s subsidiary in Ukraine is closed, the bank will be renamed Norvik Banka. “The bank will be renamed. By all appearances, its name will be Norvik Banka, because it will be a subsidiary of European bank Norvik Banka,” Russian-born businessman Grigory Guselnikov said. The change in the bank’s brand…
The European Bank for Reconstruction and Development (EBRD) has appointed Ayten Rustamova the bank’s new head of office in Tajikistan, said the message on EBRD’s website. Ayten Rustamova will be based in Dushanbe, where she replaces Richard Jones who has returned to EBRD London headquarters. The EBRD also has a second office in the country,…
Belarusian banks demonstrate an increasing interest in the exchange market of deposit auctions, Andrei Aukhimenya, Chairman of the Board of the Belarusian Currency and Stock Exchange (BCSE), reported. The Chairman of the Board said: “Last week we launched the exchange market of deposit auctions. Several days of active trading demonstrated that banks were now fighting…