The market value of the assets of PJSC Bank Nadra (Kyiv) included in the liquidation mass is UAH 7.9 billion, which is six times lower than their book value, according to data from an independent appraiser, posted on the website of the Individuals’ Deposit Guarantee Fund. According to the evaluator, 92% of the bank’s assets…
Aiyl Bank issued loans in the amount of 90 million soms to 190 farmers, Chairman of the Board of Aiyl Bank OJSC Murat Akimov said today at a meeting of Onuguu-Progress faction. However, the parliamentarians said that not all farmers could take loans. According to the deputy Tazabek Ikramov, his friend couldn’t get the money.…
Mission of the International Monetary Fund (IMF), which is now in Baku, discussed the current situation in the banking sector with leading Azerbaijani banks, head of the Azerbaijan Banks Association (ABA) Zakir Nuriyev reported. The sides discussed the decisions made by the regulator – Azerbaijan’s Financial Market Supervisory Authority – on stabilization of the situation…
Currency reserves of the Central Bank of Azerbaijan (CBA) increased by $42.1 million (0.97%) to $4,369.3 million in February as compared to January, the CBA said in a message on March 1. CBA’s reserves increased by 8.5% in February as compared to the same month of 2016. Currency reserves of the CBA decreased by $1,042.3…
Tajikistan’s central bank late last week announced it was pulling the licenses of two of its troubled banks and was trying to work out how to compensate account-holders. That decision, publicized on February 24, comes only weeks after the National Bank of Tajikistan (NBT) committed to spending tens of millions of dollars on refinancing the…
The International Bank of Tajikistan (IBT) has opened its banking service in Kulob. The IBT’s banking service center reportedly offers the following services to its customers: money transfer; currency exchange; loaning; deposit keeping; plastic card transactions; and so forth. The closed joint-stock company “International Bank of Tajikistan” was established in February 2016, as the microfinance…
The Board of the National Bank of Kyrgyzstan on February 27, decided to retain the size of the bank rate of 5%, its deputy chairman Nurbek Zhenish said. The decision was made on the basis of social and economic development of the country in February. It is noted that inflation dynamics in Kyrgyzstan now was…