Belarus: Belarusbank signs memorandums of understanding with Afreximbank and SID Banka

BelarusBy admin 2016-12-13 Leave a comment

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,…

Ukraine: NBU starts publishing daily analysis of banking system liquidity

UkraineBy admin 2016-12-13 Leave a comment

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…

Ukraine: NBU retains refinancing rate at 14%

UkraineBy admin 2016-12-12 Leave a comment

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…

Ukraine: banks stabilizing at weak levels

UkraineBy admin 2016-12-12 Leave a comment

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: Central Bank to tighten monetary policy in 2017

AzerbaijanBy admin 2016-12-07 Leave a comment

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…

Azerbaijan: ADB ready to support business and banking sectors

AzerbaijanBy admin 2016-12-07 Leave a comment

The Asian Development Bank (ADB) is ready to support small and medium-sized enterprises (SMEs) in Azerbaijan, a source in the country’s government reported. ADB offers to support business by opening credit lines for local banks. “Thus, the ADB wants to provide support to banks in Azerbaijan and contribute to the development of SMEs”, said the…

Moldova: bad credits up in October 2016

MoldovaBy admin 2016-12-06 Leave a comment

Bad credits in the banking system of Moldova amounted to 16.29% as of the end of October, up by 0.52% MoM. Compared with October 2015, it increased by 6.48% or 1.7 times from 9.81%, NBM reports. The biggest shares of bad credits were recorded by Victoriabank – 33.82% (against 32.92% in September and 11.15% in…

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