Russia Bans Four Ukrainian Banks in Crimea, Including PrivatBank

Russia’s Central Bank has terminated the operation of branch offices of four Ukrainian banks – PrivatBank, All-Ukrainian Stock Bank, Kyivan Rus Bank, and ImexBank – on the territory of Crimea and Sevastopol. A press release issued by the Central Bank cites the banks’ failure to meet their obligations before account holders as the reason behind this action. Previously, the Russian Central Bank has threatened the Crimea-based Ukrainian banks with conservatorship over failure to meet their obligations.

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Kolomoyskiy’s bank received the largest support from the National Bank of Ukraine

National Bank of Ukraine

National Bank of Ukraine

Wednesday, April 9, 2014, 10:04

New National Bank of Ukraine Chairman Stepan Kubiv lent UAH 21.5bn to banks to hold liquidity at a stable level and cover the deposits outflow since assuming his post six weeks ago. Lesya Voytytska at Hubs.com.ua, reports.

The NBU has not divulged any details about which banks got the financial assistance and what the volumes of it are but some bankers shared information with Hubs.

Privatbank, which has held deposits of 40.6% of all Ukrainian depositors, was given the largest sum. “As of the end of March the NBU gave it UAH 9bn to cover outflow,”claims a Privat director who requested anonymity. Continue reading

Yefremov’s Accounts Blocked for “Financing of Terrorism”

State Financial Monitoring Service has blocked personal accounts of Oleksandr Yefremov, chair of the Party of Regions faction in Rada and head of the Luhansk oblast organization of the Party of Regions. Yefremov reported this during a press conference today, “Luhansk.Commentaries” informs.  Continue reading

Sberbank slump sows panic on Russian markets

14.03.2014 08:42

After a positive opening of the trade session on March 13, the Russian market tried to sustain its growth, but after reaching 1285 points it rolled back down to 1248 points hitting a 3-year low

The MICEX dropped by 2.01% and landed at 1248.56, while the RTS index dropped by 2.02% to 1077. 89 points. Trading volume on the Moscow International Stock Exchange totaled RUB 423.904 billion for the day [around US $11.6 billion]. Continue reading

Open Letter to Yanukovych from Chairman of the Association of Ukrainian Banks

Oleksandr Suhonyako, the chairman of the Association of Ukrainian Banks, addresses the President of Ukraine Viktor Yanukovych in an open letter.

Image by Interfax-Ukraine

Image by Interfax-Ukraine

Viktor!

There are various reasons for addressing you informally. First, I cite the fact that we are the same age. Second, my wealth affords me that privilege, for I, thank God, am much wealthier than you. Let me explain: my physical needs are met, and I am not concerned with their enlargement.

Why am I writing? I’ve had enough for a long time, as have all citizens.

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