Fitch Ratings has upgraded the long-term foreign currency issuer default ratings (IDRs) of seven Ukrainian banks to ‘B-‘ from ‘CCC’, Fitch has said in a press release. The banks are State Export-Import Bank of Ukraine (Ukreximbank), State Savings Bank of Ukraine (Oschadbank), Alfa-Bank, Ukrsotsbank, ProCredit Bank (Ukraine), Credit Agricole Bank and Pravex-Bank. The outlooks on…
The necessity to additionally capitalize state-run banks will be established after assessing their credit risks in line with the resolution of the National Bank of Ukraine (NBU) No. 351 on the approval of the procedure for determining credit risks under active bank transactions by banks that was recently endorsed, Deputy Finance Minister Yuriy Butsa has…
The National Bank of Ukraine (NBU) allowed the liquidation of Finexbank (Kyiv) at the initiative of the owners. According to the regulator’s website, on November 17, Finexbank had sufficient liquidity to make payments to clients. The volume of highly liquid assets amounted to 21 million UAH, while total liabilities were 6.5 million UAH, in particular…
Azerbaijan’s Financial Market Supervisory Authority has presented a map of bank branches and offices in top tourism destinations in the country. Besides Baku, the map also covers main tourism regions of Azerbaijan – Ganja, Guba, Gabala and Shaki. The bank branches that operate around-the-clock and on weekends are highlighted on the map. The map was…
Russian banks have slowed down their activeness in Kazakhstan. The total loan portfolio of Kazakh subsidiaries of Russian banks decreased by 154 billion tenges, or by 11% since the beginning of 2016. The loan portfolio of Russian banks in Kazakhstan is reducing faster than the loan portfolio of other banks – the total loan portfolio…
The number of unprofitable banks in Ukraine in January-September decreased to 35 out of 100 operating banks, while in 2015 loss was recorded at 41 banks, in 2014 – at 52 banks. According to the website of the National Bank of Ukraine (NBU), the overall balanced loss in the banking system of the country in…
Governor of the National Bank of Ukraine Valeria Gontareva has met with Dominique Strauss-Kahn, former IMF managing director (2007-2011) and a member of the Supervisory Board of Bank Credit Dnepr PJSC. At the meeting participants discussed the key problems and challenges facing the domestic banking sector that had direct implications for the country’s economic growth…