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…
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…
As of the end of October Moldova-Agroindbank remained the major lender, giving out loans equal to MDL 10 billion 944.8 million, or 30.5% of all loans given out as of this date. The month before the bank lent MDL 11 billion 095.8 million. Moldindconbank and Victoriabank were the second and the third to Moldova-Agroindbank, retaining…
The government will offset the losses on the export loans issued by the Belarusian banks in 2017-2018, reads Resolution No. 981 of the Council of Ministers of Belarus of November 30. The document was published on the national legal portal on December 2. The Council of Ministers made a decision to offset export loan losses…
A state-owned stake of 99.9945% of the Ukrainian Bank for Reconstruction and Development (UBRD, Kyiv) has been sold at the starting price of 82.827 million UAH, Ukraine’s State Property Fund (SPF) has said. The fund received a bid only from one buyer and the shares could be sold at the price proposed to the buyer,…
As of November 1, the regulatory capital of Belarusian banks totaled Br8.38 billion, up by Br534.6 million or by 6.8% since the beginning of the year, according to the latest statistics report released by the National Bank of the Republic of Belarus (NBRB). The sufficiency level of the regulatory capital in the Belarusian banking industry…
An auction for placement of short-term notes worth 75 million manats of Azerbaijan’s Central Bank will be held at the Baku Stock Exchange (BSE). Some 750,000 notes at a par value of 100 manats each and maturity period of 28 days will be put up for auction. The maturity date of the notes is December…