Nordic Environment Finance Corporation recently granted the right to open current accounts in hryvnia with Ukrainian banks
The National Bank of Ukraine granted the Nordic Environment Finance Corporation the right to open current accounts in hryvnia with Ukrainians banks.
A framework signed September 17, 2009, was established for using such accounts when carrying out transactions to provide loans and guarantees in domestic currency to Ukrainian residents under the projects implemented as part of the framework agreement between the government of Ukraine and the Nordic Environment Finance Corporation.
The International Finance Corporation was granted the right to use domestic currency earlier in order to fund projects when effecting payments and settlements linked to transactions to provide loans and guarantees in the domestic currency to residents.
Additionally, NBU Board Resolution number 172 expanded correspondent account relationships with the European Bank for Reconstruction and Development. This allows the EBRD to open correspondent accounts in hryvnia with any authorized Ukrainian bank. Resolution 172 is on the approval of amendments to regulation on opening and maintaining correspondent accounts of residents and non-resident banks in foreign currency and correspondent accounts of non-resident banks in hryvnia.
Outhryvnia-denominated transactions will be able to be carried by out by EBRD through the correspondent accounts as part of EBRD's activities in Ukraine in accordance with an agreement signed on May 29, 1990, with Ukraine.
- TKB Bank ranks in top 10 as listed by Expert RA agency
- TBC Bank named best bank in Georgia by Global Finance magazine
- Amirbekyan of Anelik Bank wins TFP Trade Expert award
- UniCredit sells non-performing mortgage loans
- European Investment Bank lends millions to AccessBank to finance small businesses
- First Ukrainian International Bank among most transparent financial institutions in region, study says
- VTB Bank named best trade-finance bank in Russia by magazine
- AtaBank, Central Bank of Azerbaijan Republic host financial literacy event
- Richard de Keijzer named managing director for ABN AMRO Commercial Finance in the UK
- Galt & Taggart named Best Investment Bank in Georgia by Global Finance magazine