Emerging Markets, Emerging Russia, Emerging Views
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By Yevhen Hrebeniuk, Senior Equity Analyst at Troika Dialog Ukraine
Peter Tils, head of Deutsche Bank’s Central and Eastern European operations said on Friday that the bank’s Ukrainian subsidiary has received a banking license from the National Bank and will begin operating on September 30.
Tils said that despite Ukraine’s complicated economic situation, Deutsche Bank is optimistic [...]
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By Ivan Anderzhanov in Moscow
The Austrian banking group Raiffeisen International said today it has agreed with the European Bank for Reconstruction and Development on the terms of €150m in subordinated loans for its subsidaries in Ukraine, Russia and Romania.
“The aim of the subordinated credits is to strengthen the capitalization of Raiffeisen International’s network banks in [...]
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Yevhen Hrebeniuk, Senior Analyst at Troika Dialog Ukraine
The National Bank of Ukraine has announced that one of the two failed banks on the country’s top 20 list may be sold to a foreign investor.
The temporary administrator of Ukrprombank has received and is considering proposals from US, Russian and Swedish investors to purchase a stake in [...]
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By Ivan Anderzhanov in Moscow
The business climate in Central & Eastern Europe (CEE) picked up for the first time since the beginning of 2008, according to the latest Thomson Reuters & OeKB CEE Business Climate Index. The report also indicated that Russia is the top-rated country as far as business expectations are concerned.
The index polling [...]
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By Ivan Anderzhanov in Moscow
The analyst community fretted as they poured over the news yesterday that Raiffeisen non-performing loans in Russia have jumped from to 7.2% by the end of June from 2% at the end of 2009.
The interim report shows that the Austrian bank earned almost nothing in Russia during the second half of [...]
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By Yevhen Hrebeniuk, Senior Equity Analyst at Troika Dialog Ukraine.
The National Bank has published its action plan for the second of 2009 aimed at supporting the hryvnia and helping the banking sector recover. In the document, the bank commits to keeping inflation under 13% by year end and monetary base growth at 6% in 2009.
In [...]
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Yevhen Hrebeniuk, Senior Equity Analyst at Troika Dialog Ukraine
The International Monetary Fund’s executive board has completed its second review of Ukraine under the standby loan arrangements and has decided to extend the third tranche of $3.3 bln. The total amount disbursed to Ukraine now stands at $10.9 bln.
The board also modified the performance criteria, softening [...]
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