Ukrainian entrepreneurs who have accounts in the American bank Mercury have received letters of termination of service. Ukrainian entrepreneur and founder of Petcube Yaroslav Azhnyuk shared the news on his LinkedIn page. The letter from the bank states that the decision is related to recent changes in the bank’s policy, which prohibits opening and maintaining … Read more
A global outage in IT systems affected Sense Bank, one of Ukraine’s largest banks, and Vodafone Ukraine on the morning of July 19. News emerged early on July 19 that airports were facing issues with their IT systems, leading to to delays to flights from cities such as Berlin, Sydney, and Edinburgh. The problem appeared … Read more
Ukrainian authorities are considering the possibility of creating a new stock exchange to ensure the continued uninterrupted functioning of the secondary market for government bonds, since the largest and oldest stock exchange in the country, PFTS, is insufficiently capitalized, and its owner has confirmed that he would not inject new capital, say the materials of … Read more
The chairman of the board of the state-owned PrivatBank (Kyiv), the largest by assets and net profit in the country, Gerhard Boesch, will leave the bank after three years of work, and the supervisory board has already started the process of selecting a new chairman. “Mr. Boesch will continue to fully perform his duties until … Read more
On Friday, the average purchase rate of a cash dollar in Ukrainian banks, compared to Thursday, increased by 12 kopecks. and is 40.51 hryvnias. The selling rate increased by 13 kopecks. — up to 41.08 hryvnias. The minimum dollar purchase rate in banks is 39.90 hryvnias, the maximum is 40.75 hryvnias. For sale, the minimum … Read more
The National Bank, together with the adoption of the Lending Development Strategy, updated the minimum requirements for capital adequacy standards for banks under a new (three-tier) structure, and from August 5, 2024, banks must comply with the standards: fixed capital adequacy level 1 – at the level of 5.625%, tier 1 capital adequacy – 7.5% … Read more
Chernivtsi Regional Military Administration will compensate entrepreneurs-exporters of the region for part of the payment for insurance services of the Export Credit Agency (ECA) or part of the bank commission when they receive an investment loan for the creation of facilities and infrastructure necessary for development processing industry and export of goods, works, services of … Read more
The National Bank of Ukraine (NBU) cancelled the licenses of Amina-Leasing Gruaa LLC and Private Conversation LLC due to failure to comply with its decision. As reported on the regulator’s website, enforcement measures were taken due to failure to submit reports to the NBU for the fourth quarter of 2023 and for 2023. In this … Read more
The National Bank of Ukraine (NBU) is giving Getin Holding six months to sell its 100% stake in the charter capital of Idea Bank (Lviv), the holding said in a statement on the Warsaw Stock Exchange on Thursday. It states that on May 2, 2024, Getin Holding received a decision from the NBU Committee on … Read more
Hackers targeted Ukraine’s largest mobile-only bank, Monobank, with a powerful denial of service (DDoS) attack on May 2, the company’s co-founder and CEO Oleh Horokhovskyi reported. DDoS attacks direct excessive amounts of traffic at a website in order to overload its servers, often causing disruptions to service. Horokhovskyi announced “another powerful DDoS attack” against the … Read more