Licenses of 13 exchange offices were revoked in 2016 for the systematic violation of regulations and failure to fulfill the requirements of the National Bank of Kyrgyzstan. In recent years, the number of exchange offices increased in Kyrgyzstan. At the beginning of 2016 there were 394 of them – 65 more than in 2015. In…
The Individuals Deposit Guarantee Fund expects that state-run Oschadbank (Kyiv) would become participant of the fund in the middle of 2018, Managing Director of the fund Kostiantyn Vorushylin said. “We expect that from 2018 Oschadbank will become participant of the fund. It is already planned. This will mean additional payments to the fund,” he said,…
Raiffeisen Bank Aval saw UAH 3.804 billion of profit after taxation in 2016, being the best among Ukrainian banks, the National Bank of Ukraine (NBU) has reported. Citibank saw UAH 1.45 billion of profit and OTP Bank saw UAH 913.76 million, being third. Credit Agricole Bank saw UAH 807.79 million and ING Bank Ukraine –…
The share of bad and non-performing loans (NPL) today is around 50% of the total loan portfolio of Ukrainian banks, Director of the financial stability department of the National Bank of Ukraine (NBU) Vitaliy Vavryschuk said. “We have revealed during stress tests that the share of these loans is around 50%,” he said. Vavryschuk said…
Moody’s Investors Service expects Kazakh banks to continue facing solvency risks over the next 12-18 months amid a challenging business environment, the rating agency said in its report entitled “Banks – Kazakhstan; Heightened Insolvency Risks Drive the Negative Outlook”. “Asset quality remains weak across Kazakhstan’s banking sector as the depreciated tenge, combined with challenging operating…
The analysis of the state of assets of state-run Ukreximbank and Oschadbank (both based in Kyiv) conducted by the National Bank of Ukraine (NBU) in January revealed worsening of the quality of some credits in the past year, the Finance Ministry said. “The discipline of servicing the credits by many large borrowers significantly worsened, and…
The National Bank of Ukraine (NBU) could start dialog with holders of eurobonds of nationalized PrivatBank (Dnipro), Deputy NBU Governor Kateryna Rozhkova has said. “We have received letters. Eurobond holders want to hold a dialog. We are ready to meet, present our position, as we acted in line with law,” she said. “I do not…