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Weekly Lists
August 25, 2017 www.intellinews.com I Page 22
bne:Banker
Ukraine central bank lifts capital controls on withdrawal of funds from bank accounts
All four bidders approved in sale of Bulgaria’s Bank Victoria
The National Bank of Ukraine (NBU) continues to gradually ease capital controls imposed by the government in the wake of the economic crisis in the country, removing the remaining restrictions on the withdrawal of funds from bank accounts by individuals, the regulator said on August 23.
The individuals will be able to withdraw foreign currency cash or investment metals from current and deposit accounts through cashier’s offices and ATMs without any limitation on amount. The regulator imposed limits on withdrawals in September 2016, re- stricting individuals to withdraw up to the equivalent of UAH250,000 per day per customer.
All four candidates who have declared an interest in the purchase of Bank Victoria, a subsidiary of the defunct Corporate Commercial Bank (Corpbank), continue into the next stage of the procedure, Corpbank trustees trying to sell Victoria Bank for the fourth time announced on August 23, according to dnevnik.bg.
100% of Bank Victoria is being offered for sale in a package
with Corpbank’s receivables against it. The latter amounted to BGN85.2mn (€43.6mn) at end-May, the marketing document said. The total assets of Bank Victoria stood at BGN126.8mn at end-May, and its equity amounted to BGN34.7mn. It held BGN31.4mn in cash.
Russia's largest lender state-controlled Sberbank revised a num- ber of target indicators for 2017 upwards, the bank said on August 23. The bank expects return on capital at about 20% this year (up from 16-19% previously) and capital sufficiency ratio of at least 10.5% (up from 10%).
The revision follows strong results published for the second quarter and beating analysts’ expectations.
Sberbank posted 28% year-on-year net profit growth of RUB185.6bn in second quarter, making a profit of RUB352.2bn (€5bn) in the first half of 2017 alone (versus RUB167bn and RUB334bn expectations, respectively).
Russia's Sberbank raises 2017 targets after strong second quarter