The net profit of solvent banks in Ukraine amounted to UAH 11 billion in January-October, the press service of the National Bank of Ukraine (NBU) said in a post on Telegram. “Solvent banks received UAH 11 billion in net profit in January-October compared to UAH 58.4 billion in net profit in January-October 2021,” the report…
The European Bank for Reconstruction and Development on November 22 announced it had reduced its equity stake in TBC Bank, one of the largest lenders in Georgia. The bank sold 850,000 shares in an accelerated bookbuild placement on the London Stock Exchange, EBRD said, adding the shares sold on November 22 represented 1.5% of TBC…
The National Bank of Ukraine last week sold $182.18 million on the interbank foreign exchange market and purchased $16.1 million. In total, since the beginning of 2022, the National Bank has sold on the interbank market $22.426 billion and EUR 1.789 billion and bought $3.226 billion and EUR 110.97 million. (Ukrinform/Business World Magazine)
Finora Bank, co-founded by Estonian businessmen Veikko Maripuu and Andrus Alber, has begun operations in Lithuania, promising to bring new financing to the market, particularly for small businesses, the creative sector and the green economy. In the coming months, the new bank will start operations in Estonia. Maripuu said that financing for small businesses was…
Commercial banks in Georgia loaned GEL 42.94 billion ($15.62 billion) and received deposits of GEL 42.04 billion ($15.29 billion) in September, the latest data from the National Bank of Georgia showed. The volume of loans decreased by 0.64% in September compared to the previous month, while the number of deposits increased by 0.68% MoM. Last…
With the involvement of experts from the World Bank, the National Bank of Georgia (NBG) has developed new transparency requirements for financial organisations operating in the country in a bid to ensure transparency of prices of financial products sold in combination and encourage competition in the market. The requirements apply to commercial banks and branches…
Siauliu Bankas has started converting Ukrainian hryvnias into euros, the first commercial bank to offer the service in Lithuania. However, only Ukrainians will be allowed to use the service to exchange up to 10,000 hryvnias. Converting the Ukrainian currency into euros became possible after Lithuania’s central bank signed agreements with its Ukrainian counterpart and Siauliu…