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Tuesday, June 18, 2019

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National Bank of Ukraine News

National Bank of Ukraine's international reserves rise to $9.6 billion

Preliminary data from the National Bank of Ukraine (NBU) indicates that its international reserves rose to approximately $9.6 billion as of May 1, the bank said on Thursday. Major factors that weighed on this total were principal debt and interest payments on external sovereign bonds and government securities, and to the International Monetary Fund. Total payments amounted to $737 million when interest is included. Read More »

NBU seizes Alpari Bank after buyer's paperwork rejected

The National Bank of Ukraine (NBU) issued a violation order recently against Anastasiia Abramova for allegedly not securing NBU consent through proper paperwork before acquiring a 99.9 percent stake in Alpari Bank.  Any individual or legal entity wishing to acquire a portion of a holding in a bank must seek approval first. This includes notifying the NBU of their intentions and submitting documents for the bank to approve. Read More »