Net profit of Ukraine's largest lender PrivatBank, nationalised in late 2016, jumped by 2.7 times to UAH18.3bn ($310mn) in January-June, the lender said in a statement e-mailed to bne IntelliNews on July 12.
According to the statement, PrivatBank's net interest income stood at UAH9.8bn, net commission income reached UAH8.5bn in the first half of 2019.
The bank was nationalised in late 2016 owing to an alleged hole of UAH148bn ($5.6bn) in its balance sheet because of related-party financing. In 2017, the then central bank governor Valeriya Gontareva said the post-nationalisation audit of the bank had found that 100% of the corporate portfolio had been made to related parties.
Banca Transilvania (BT), the biggest financial group in Romania, plans to take over Microinvest, the leader of the non-bank financial market in Moldova specialised in financing micro-enterprises, BT ... more
Thirteen of 21 economists surveyed by Reuters said they expected that the Turkish central bank would bring in another rate cut at its monetary policy committee (MPC) meeting on January 16. The ... more
Bulgaria’s locally-owned First Investment Bank (FIBank) plans to raise BGN200mn (€103mn) in order to cover the capital shortfall found by the European Central Bank during an asset quality review ... more