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,…
Information that Ukraine is allegedly actively engaged in international court proceedings initiated by PrivatBank against the Russian Federation regarding the compensation of damage from the loss of the banking business and assets due to illegal Crimea annexation is false, the Finance Ministry of Ukraine has reported. “The Ukrainian State does not participate in the claims…
The Central Bank of Azerbaijan (CBA) left the discount rate unchanged at 15%. This decision was made at a meeting of the CBA Management Board on March 10. The CBA said the decision was made in connection with the first positive trends observed in the macroeconomy as well as new expectations. Thanks to the measures…
The Cabinet of Ministers of Ukraine has increased the authorized capital of the PJSC State Export-Import Bank of Ukraine by UAH 4.7 billion. This has been stipulated in a government’s resolution dated March 6, No.123, the government’s official website reports. “To increase the authorized capital of the PJSC State Export-Import Bank of Ukraine by UAH…