The World Bank (WB) maintains interest in the creation of a Development Bank in Azerbaijan, Angela Prigozhina, the WB senior financial sector specialist, declared. “We do not abandon this idea – there are a huge number of other state financial institutions, including funds and agencies that are engaged in lending to the economy and support…
After tests conducted by the National Bank of Ukraine (NBU) a total of 36 banks are to reduce credits issued to affiliated persons, the NBU has reported on its website. “After tests it has been identified that the largest credit risks for debts of affiliated persons were higher than the requirement at 44 banks. As…
The National Bank of Tajikistan (NBT) has withdrawn licenses from two bailed-out banks – Tajprombank (Tajik Joint-Stock Commercial Industrial Bank for Reconstruction and Development) and Fononbank. By Tajik central bank’s decision their licenses for carrying out banking activities were withdrawn on February 24. The NBT notes that other directions of activities of those two organizations…
The government’s resolution to recapitalize nationalized PrivatBank for the amount of UAH 9.8 billion by the issue of 15-year government domestic loan bonds with the indexed value (with reference to the U.S. dollar exchange rate), adopted on February 22, was executed on February 24, according to the National Bank of Ukraine (NBU). According to the…
The Individuals’ Deposit Guarantee Fund from February 27, will continue payments to the depositors of Artem-Bank (Kyiv), according to the fund’s website. According to the fund, payments will be carried out in the period until April 10, inclusive on the general register of depositors through the agent banks of Kredobank and FUIB (depending on the…
State-controlled Ukrgasbank (Kyiv) will put about 180 real estate objects worth more than UAH 1.8 billion up for sale through electronic auctions on the SETAM site. “We believe that now is the right time for the sale of assets. The country is showing the signs of macroeconomic stability, the business environment behaves more actively and…
Kazakh state-owned Damu Entrepreneurship Development Fund will provide a credit line to Kazakh Kazkommertsbank in the amount of 1 billion tenge. The credit line will be directed to ‘Almaty Innovation’ program, which envisages financing of small and medium-sized businesses in the city of Almaty. As much as 500 million tenge of the credit line are…