Starting on December 16, First Ukrainian International Bank (FUIB) began to disburse the guaranteed amounts of deposits to the customers of PJSC “Bank Mykhailivskyi”, that is to individuals whose funds were subject to compensation by the Private Deposit Guarantee Fund. PJSC “FUIB” disburses funds to depositors who, when concluding bank deposit/account agreement with PJSC “Bank…
President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti has said that the EBRD is strongly supportive of the decision of the Ukrainian government to nationalize PrivatBank and to protect the bank’s depositors, both individuals and businesses. “The nationalization which took place with the cooperation of existing shareholders will be combined with…
Belarus’ largest commercial bank OAO Belarusbank has signed memorandums of understanding with African Export-Import Bank and Slovenian SID Banka during Belarusbank’s conference in Frankfurt (Germany), the bank’s press service reported. The conference gathered around 100 representatives of the World Bank, German financial institutes and insurance companies, as well as representatives of such institutions of Italy,…
The National Bank of Ukraine (NBU) has started publishing daily analysis of liquidity of the banking system containing data about the state of the correspondent accounts of banks as of early working day and information about factors influencing their change, the regulator has said on its website. The data will be updated before 11:00 of…
The National Bank of Ukraine (NBU) has retained refinancing rate at 14%. The bank has announced its decision to conduct the more moderate monetary policy to curb inflation consequences of the increase of the minimum wage to 3,200 UAH a month. The central bank said that the decision on the size of the discount rate…
The Ukrainian banking sector continues to face challenges in credit growth due to the burden of unresolved problem loans and solvency issues, Fitch Ratings has said in a press release referring to its report “Ukrainian Banks Dashboard 3Q16.” “We expect sector performance to remain under pressure from high provisioning needs, while solvency recovery is likely…
Azerbaijan’s Central Bank (CBA) will carry out tight monetary policy in 2017, the CBA Chairman Elman Rustamov said. “Due to transition to a floating exchange rate of Azerbaijani manat, we switched to targeting the growth of money supply”, Rustamov said. “Our main goal is to prevent additional currency emission and not to exert pressure on…