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…
Azerbaijan’s Financial Market Supervisory Authority (FIMSA) has registered the additional issuance of shares of AtaBank OJSC in the total amount of 20 million manats, FIMSA said in a message on March 10. One million shares have been issued at a par value of 20 manats each. The shares will be placed via closed subscription. AtaBank…
State-run PrivatBank (Dnipro) has filed an application seeking to join the primary government domestic loan bond dealer list, PrivatBank Head Oleksandr Shlapak has said. “PrivatBank has not worked on the interbank market for two years. In January we placed funds on the interbank market, we buy and sell government domestic loan bonds. Now we have…
Chairman of the National Bank of Ukraine Valeriya Gontareva discussed with Director of the World Bank for Ukraine, Belarus and Moldova Satu Kahkonen and Director of the World Bank for Finance and Markets Global Practice Alfonso Garcia Mora the current stage of the reform of the banking sector. This has been reported by the press…