“The monetary policy of the National Bank of Kyrgyzstan for 25 years of work had no negative effect on the country’s gold and currency reserve,” Deputy Head of the Department for Financial and Economic Analysis and Monitoring of the Development of the President’s Staff Artem Novikov said at a conference “Formation and Development of the…
Center “Development of Corporate Social Responsibility”, First Ukrainian International Bank and Ukrsibbank BNP Paribas Group signed a memorandum on cooperation in the implementation of the educational project “Your Future in the Banking sector”. Within the framework of the project, a detailed map of banking professions will be developed, a web portal for free access to…
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…