The Individuals’ Deposit Guarantee Fund tentatively earned around 3 billion UAH from selling property of insolvent banks in 2016, director of the consolidated sale and asset management department of the fund Yulia Bereschenko has said. “We received around 3 billion UAH. We are summarizing the results of the year, as it takes a couple of…
An auction on the placement of short-term notes with the total amount of five million mantas of Azerbaijan’s Central Bank was held at the Baku Stock Exchange (BSE). The bonds’ maturity is 27 days, according to the BSE. Applications worth about 3.51 million manats were submitted by two investors. The applications were within the price…
Ukraine’s Finance Ministry at the end of 2016 additionally injected 107 billion UAH into PrivatBank (Dnipro), Fitch Ratings has said in a press release. At the end of 2016 Fitch Ratings downgraded ratings of the financial institution. Fitch said that in December 2016 the Finance Ministry paid 107 billion UAH for shares of PrivatBank. The…
Asef Namazov, a member of the Supervisory Council of the Bank Respublika OJSC, has been appointed chairman of the bank’s Executive Board, the bank said in a message. On this post, Namazov succeeded Khadija Hasanova, who has become a member of the Supervisory Council of the Bank Respublika OJSC. Bank Respublika has been operating in…
The size of the budget for Estonia’s central bank for 2017 is 22.7 million euros, up approximately by 800,000 euros or by 4.3% YoY. “Leaving aside cash-related costs, which are very different in different years, the budget of the central bank will increase by 0.77 million euros or approximately 4.3% compared to 2016”, the Bank…
The National Bank of Moldova (BNM) put into circulation six commemorative coins as payment and numismatic. According to BNM’s press service, the series “Personalities” will be completed with the coin dedicated to celebrating the 100th anniversary of the birth of artist Mihai Grecu, a Moldovan artist who boosted fine arts in Moldova. The coin represents…
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…