The National Bank of Ukraine (NBU) has introduced some new requirements for payment systems oversight, their participants and operators, the central bank has said on its website. The new requirements are outlined in NBU Board resolution No. 11 signed on February 13, approving of amendments to some NBU acts. The document came into effect on…
The number of transactions using payment cards in 2016 increased by 28% YoY, to 2.513 billion, and their volume – by 30.6%, to UAH 1.61 trillion. According to the website of the National Bank of Ukraine (NBU), the volume of transactions to obtain cash using payment cards rose by 22.5% and amounted to UAH 1.039…
The refinancing rate of the National Bank of the Republic of Belarus (NBRB) was reduced from 17% to 16% per annum on February 15, the NBRB Information and PR Office reported. Apart from that, the interest rate on standing and bilateral operations designed to keep up the current liquidity of Belarusian banks was reduced from…
Closed Joint-Stock Company Tajprombank (Tajik Joint-Stock Commercial Industrial Bank for Reconstruction and Development), one of Tajikistan’s distressed commercial banks, does not hurry up to pay out savings to its customers. The customers complain that they cannot take their money from the bank, although it received 450 million somoni from the government at the beginning of…
S&P Global Rating (S&P) has assessed the banking system of Ukraine as highest-risk system under its Banking Industry Country Risk Assessment (BICRA), S&P has said in its report. “The economic risk in the Ukrainian banking system remains one of the highest in a global comparison, as reflected in our score of ’10’ (the highest-risk systems),…
Solvent banks in the fourth quarter of 2016 reduced the debt to the National Bank of Ukraine (NBU) on refinancing loans by UAH 5.058 billion, or by 18%, to UAH 22.995 billion, according to the regulator’s website. According to the NBU, the loan principal on January 1, 2017 amounted to UAH 22.57 billion. “Most of…
The National Bank of Ukraine (NBU) in 2017 divided banks into three groups – state-run banks, banks of foreign bank groups and banks with private capital, the NBU has reported on its website. According to NBU Board decision No. 76-sh dated February 10, the state-run banks group includes banks where the state directly or indirectly…