Air Astana and Lufthansa enhanced their cooperation with the signing of a code share agreement, Air Astana press service reported. The code share agreement is valid on Air Astana’s flights between Astana and Frankfurt and Lufthansa’s flights from Frankfurt to Almaty and Astana with effect from March 26. The agreement allows for increased choice for…
The European Investment Bank (EIB) has provided the second senior loan of EUR 20 million to AccessBank. The loan will be utilized by AccessBank to provide financing to small and medium enterprises in Azerbaijan. Since AccessBank is a leading bank in Azerbaijan specialized in providing financial services to local micro and SME businesses in the…
Shareholders of the Open Joint-Stock Company (OJSC) Tojik Sodirot Bonk (TSB), which is Tajikistan’s second largest commercial bank, will discuss the results of the bank’s activity and its further fate at an annual meeting of shareholders that will take place in Dushanbe on April 29. In accordance with the decision of the TSB Supervisory Board,…
The National Bank of Ukraine (NBU) has simplified the purchase of foreign currency for certain transactions, according to the central bank’s website. The NBU, in particular, allowed business entities to buy currency at the expense of loan funds in the hryvnia attracted under state guarantees for implementing programs related to improving the defense capacity and…
Two troubled commercial banks – Tajprombank (Tajik Joint-Stock Commercial Industrial Bank for Reconstruction and Development) and Fononbank – have begun paying out savings to their customers. The banks began to pay out savings starting from March 16, according to the Deposit Insurance Fund, which insures savings deposits of physical entities. The Dushanbe Economic Court launched…
The National Bank of Ukraine (NBU) has suggested implementing the National Security and Defense Council (NSDC) decision by banning the Ukrainian subsidiaries of Russian state-owned banks from moving capital outside Ukraine. “The imposition of such sanctions means prohibiting the carrying out of any financial operations in favor of the parent bank, i.e. granting interbank loans,…
The shareholders of Kazakhstan’s Tengri Bank and Capital Bank Kazakhstan have signed a memorandum of intent to merge, the press-services of two banks said in a message on March 15. The bank’s consolidated capital will be 43.2 billion tenge and the bank will rise to the 17th place among second tier banks in Kazakhstan. Currently,…