Another five countries refuse to serve Gazprombank cards
Italy, Argentina, Egypt, Indonesia, Uruguay has warned its clients about possible issues
banks
Banks in 9 countries suspend service to Russia's UnionPay
Today, banks in Turkey, the UAE, Thailand, Hungary, Vietnam, Germany, Kazakhstan, Qatar and China have stopped servicing UnionPay cards issued by Russian Gazprombank. The issue has been observed across both state banks …
Armenian Central Bank cuts refinancing rate once again
The board of the Armenian Central Bank has decided to reduce the refinancing rate by 25 basis points to 7.25% per annum, the bank said. …
Aksakov: Key rate may rise to 20%
The Bank of Russia may raise the key rate to 20% to return to 4% inflation.
Armenia reduces key rate
Today, it has been decided to slightly reduce the refinancing rate in Armenia. In this way, the Armenian Central Bank intends to increase the availability of loans and stimulate demand.
Georgia resumes servicing Zolotaya Korona payment system
Georgia's banks have resumed servicing the Zolotaya Korona payment system, President of the Banking Association of Georgia Alexander Dzneladze …
Bank of Russia increases dollar rate
The Bank of Russia set the official dollar rate at 92.6592 rubles for August 13, up 2.71 rubles against the previous indicator. The official euro rate was increased by 3.87 rubles to 100.559 rubles. The official yuan rate is fixed at …
Sberbank to raise mortgage rates in Russia
Russia's largest lender Sberbank opens new tab will raise its market mortgage rates to a minimum of 20% from August 6, according to Sberbank's …
Non-cash payments system to be expanded across North Caucasus
Cashless payments should be freely available in the North Caucasus Federal District
Russian Deputy Prime Minister Alexander Novak speaks on investment boom in Caucasus
The Russian Deputy Prime Minister, Alexander Novak, said that the investment flow to the Caucasus regions from Russian financial institutions has increased. According to him, "they have turned their attention to the region".
Anti-fraud center to protect residents of Kazakhstan from scammers
An anti-fraud center will open in Kazakhstan soon. The system will block suspicious transfers and return them to the senders if the fraud is confirmed.
Forecast for Azerbaijan’s 2024 economic growth raised
The European Bank for Reconstruction and Development (EBRD) has raised its forecast for Azerbaijan’s economic growth to 3.1% in 2024 (from the 2.4% it …
Egypt may start accepting Mir cards in 2024
Egyptian banks expect that the Mir system will be introduced in the country this year. The works are now underway on the technical side of the issue.
Bank of Georgia purchases Armenia's Ameriabank
Armenia's Ameriabank has announced the completion of the transaction for its purchase by the Bank of Georgia Group and a change of shareholders. The Armenian bank says on its website that its new shareholders are Bank of Georgia …
Two banks continue accepting Russia's Mir cards in Tajikistan
Two banks in Tajikistan - Amonatbonk and Dushanbe City Bank - continue to accept cards from the Russian Mir payment system, the banks’ call centers said. At the same time, Amonatbonk said to accept Mir payment cards issued …
Armenia refused to work with Russia's "Mir"
Banks participating in Armenia's ArCa unified payment system ceased servicing Mir cards today. At the same time, Mir cardholders with any Russian banks still have access to key services within the VTB Armenia infrastructure, namely …
Armenian banks stop accepting Mir cards - report
The majority of Armenian banks will no longer accept Mir payment cards as of March 30, a representative of VTB Armenia Bank …
Georgia's National Bank reduces refinancing rate once again
The National Bank of Georgia said it was continuing its exit from a tight monetary policy by reducing the refinancing rate by 0.75 percentage points, down to 8.25%. The Bank said both domestic and external factors had contributed to …
Russia extends restriction on currency withdrawals until September 9
In Russia, restrictions on the withdrawal of foreign currency remain. It has been in force for almost two years. Today, it has been extended for another six months by decision of the Central Bank.
Asian Development Bank allocates money to support women in Georgia
The Asian Development Bank (ADB) and Credo Bank have signed a loan of 65 million lari ($25 million) to support onlending activities to …
