banks

 Bank of Georgia names Archil Gachechiladze as CEO

Bank of Georgia Group Plc named Archil Gachechiladze as chief executive officer, replacing Kaha Kiknavelidze who will step down at the end of the month, the company said. According to the lender, Gachechiladze will join …

Read
Gazprom Armenia counter-attacks Pashinyan team

The accusations of Armenia's State Revenue Committee of tax evasion have threatened Gazprom Armenia’s planned signing of an important agreement with a Russian bank, CEO of Gazprom Armenia national gas distribution company Hrant …

Read
Azerbaijan’s Central Bank to hold deposit auction

Azerbaijan’s Central Bank will hold a deposit auction on August 27 to raise 350 million manat, the banks said in a statement. The auction will be held on the Bloomberg trading platform.  The interest rate on …

Read
Russians owe banks 13.5 trillion rubles

Russian total banking debt volume increased by 26% from the beginning of this year to 13.49 trillion rubles, according to the National Rating Agency (NRA). The agency said that in the period from January to May the banks' total …

Read
License of Russia's Sovetsky bank revoked

Russia’s central bank has revoked a banking license from Saint Petersburg-based bank Sovetsky today, the authority said. In February 2012, the Bank of Russia has approved the plans of its participation in bankruptcy prevention …

Read
Georgia trying to contain banks

An unexpected ally of the government in this process was the main opponent of the current authorities, former President Mikhail Saakashvili

Read
License of Sevastopol-based VVB bank revoked

Russia’s central bank has revoked a banking license from Sevastopol-based bank VVB, ranked 179th by assets as of March 1, the authority said. In December 2017, the central bank introduced an interim administration at VVB for six …

Read
Russia's Sberbank loses leadership

Sberbank has ceased to be the most reliable bank in Russia, according to Forbes ranking of the 100 most reliable Russian banks of the current year, based on their international ratings. It was bypassed by three credit organizations: Rosbank …

Read
Will Russia find replacement for SWIFT?

Russian banks are looking for a replacement for the SWIFT bank payment system, as cutting them off from the system is possible due to the US sanctions announced by Treasury Secretary Steven Mnuchin. US …

Read

Populars