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…
The National Bank of Ukraine (NBU) intends by 2018 to transfer to a new model of banking supervision, which will be based on a risk-based approach, a source in the banking circles reported, with reference to NBU Deputy Head Yekateryna Rozhkova, during the regulator’s traditional meeting with bank representatives. According to the report, the new…
Gorkhmaz Aghayev has become a member of the Supervisory Council at the OJSC VTB Bank Azerbaijan, said a message posted on the bank’s website. Earlier, Aghayev worked at AtaBank OJSC, Bank of Baku OJSC, Caspian Development Bank OJSC and Azerbaijan Global Investments, where he served as a legal councilor. Currently the Supervisory Council at the…
Shareholders of Azerbaijan’s NIKOIL Bank CJSC will discuss the change of composition of the bank’s Supervisory Board on January 16, 2017. During the shareholders’ meeting to be held in Moscow they will also discuss the change of composition of the bank’s Audit Committee and giving premiums to its members. Currently, NIKOIL Bank’s Supervisory Board is…
The Antimonopoly Committee of Ukraine (AMC) has allowed ex-Deputy Prime Minister for Social Policy Sergiy Tigipko, the founder and major shareholder of TAS Group, to indirectly acquire Universal Bank (Kyiv) through Bailican Limited (Cyprus). Universal Bank was founded in 1994. The largest shareholder of the bank as of the beginning of 2016 was ERB New…
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…