Serbia's central bank said it has set minimum capital requirements for systemically important banks that will be required as of June 30.
The central bank has defined nine of the commercial banks in the country as systematically important. They must maintain an additional Tier 1 capital ratio at above 1% or 2%, depending on their importance.
Three banks – Banca Intesa, UniCredit Serbia and Komercijalna banka – have been defined as the most important and will have to maintain a minimum additional Tier 1 ratio of 2%.
Six other banks, OTP Bank, Raiffeisen Serbia, Erste Bank Novi Sad, Banka Postanska Stedionica, AIK Banka and Vojvodjanska Banka, must maintain an additional Tier 1 ratio of above 1%.
Russia’s second-largest bank state-controlled VTB posted a 33% year-on-year decline in net IFRS profit to RUB61.3bn, according to a report by the bank. VTB still plans ... more
Fitch Ratings has issued a note highlighting “tangible” progress in the past four years in the reform of Uzbekistan's ... more
The European Bank for Reconstruction and Development (EBRD) has allocated a €75mn for risk-sharing facility to Privredna banka Zagreb (PBZ), a part of the Intesa Sanpaolo Group, as part of a new ... more