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…
Ambassadors of the Group of Seven (G7) countries have praised the Ukrainian government’s decision to nationalize PrivatBank and expressed their hope for strengthening the country’s banking sector. “We recognize and applaud the leadership of the governor of the National Bank of Ukraine, the Prime Minister, the Minister of Finance and the President for their continued…
Ukrainian President Petro Poroshenko said that the situation with PrivatBank (Dnipro) was not only a threat to itself, but to Ukraine’s entire banking system. “A threat to the bank and the whole Ukrainian banking system has appeared. It is obvious to us. Our key financial partners – IMF, World Bank, EBRD and others – have…
Managing Director of the International Monetary Fund (IMF) Christine Lagarde has welcomed the decision of the Ukrainian government and the National Bank of Ukraine on the nationalization of PrivatBank, the largest bank in the country, as it is an important step to ensure financial stability. “Today’s decision of Ukrainian authorities to nationalize PrivatBank is an…
The European Bank for Reconstruction and Development (EBRD) has taken part in forming a new team of top managers of PrivatBank (Dnipro), Ukrainian President Petro Poroshenko has said. “A new professional group of specialists has been hired to manage the bank. The European Bank for Reconstruction and Development took part in the process”, the president…