Ukraine’s Finance Ministry at the end of 2016 additionally injected 107 billion UAH into PrivatBank (Dnipro), Fitch Ratings has said in a press release. At the end of 2016 Fitch Ratings downgraded ratings of the financial institution. Fitch said that in December 2016 the Finance Ministry paid 107 billion UAH for shares of PrivatBank. The…
Asef Namazov, a member of the Supervisory Council of the Bank Respublika OJSC, has been appointed chairman of the bank’s Executive Board, the bank said in a message. On this post, Namazov succeeded Khadija Hasanova, who has become a member of the Supervisory Council of the Bank Respublika OJSC. Bank Respublika has been operating in…
The size of the budget for Estonia’s central bank for 2017 is 22.7 million euros, up approximately by 800,000 euros or by 4.3% YoY. “Leaving aside cash-related costs, which are very different in different years, the budget of the central bank will increase by 0.77 million euros or approximately 4.3% compared to 2016”, the Bank…
The National Bank of Moldova (BNM) put into circulation six commemorative coins as payment and numismatic. According to BNM’s press service, the series “Personalities” will be completed with the coin dedicated to celebrating the 100th anniversary of the birth of artist Mihai Grecu, a Moldovan artist who boosted fine arts in Moldova. The coin represents…
The German-Ukrainian Fund (GUF) has provided state-controlled Ukrgasbank (Kyiv) with additional funding in the amount of EUR3.5 million and 23 million UAH for lending to small and medium businesses, the bank said. According to the report, a relevant agreement with the GUF was signed on December 28, 2016. Financial resources are given to Ukrgasbank for…
Azerbaijan intends to expand cooperation with Iran in banking sphere, Azerbaijan’s Economy Minister Shahin Mustafayev said. The banking sphere is one of the most prospective directions for the expansion of the Azerbaijani-Iranian cooperation, the minister said. He noted that as part of the intergovernmental commission’s meeting, such structures as the Financial Market Supervisory Authority and…
The “Joint Future” campaign of Azer Turk Bank goes on. Many students studying abroad benefit from this campaign. The “Joint Future” campaign started on July 4. The purpose of the Bank, holding social responsibility activities as one of its priorities, is to support youth studying in foreign universities, and by this to take even the…