Page 23 - bne Newspaper 170317

Weekly Lists
March 17, 2017 www.intellinews.com I Page 23
bne:Banker
Ukraine central bank eases capital controls over FX purchase transactions
Tajik banks pay refunds to customers before liquidation begins
The National Bank of Ukraine (NBU) continues to gradually ease capital controls in the country, with the regulator now relaxing restrictions imposed on some FX purchase transactions, the central bank said in a statement on March 15.
The NBU imposed capital controls in 2014, when the currency and economy went into meltdown, and is able to ease now the situation has stabilised.
Two troubled Tajik commercial banks due for liquidation, Tajprom- bank and Fononbank, began paying out savings on March 16 to their customers, Asia-Plus news agency reported.
The banks are the latest proof of weakness in Tajikistan’s financial sector. The authorities attempted to rescue the banks with injec- tions of TJS450mn (€51.4mn) to recapitalise Tajprombank and TJS80mn for Fononbank to avert a potential liquidity crisis. The injections appear to have been insufficient. At the same time, two of the largest Tajik banks, TSB and Agroinvestbank, have been given injections of TJS2.25bn and TJS1.7bn but they are still subject to troubles.
Turkey will repay all foreign loan obligations of seized Islamic lend- er Bank Asya, including a coupon payment of a $250mn sukuk that was due in September, Deputy PM Nurettin Canikli said on March 16, Hurriyet Daily News reported.
Bank Asya, which was founded by supporters of the US-based cleric Fethullah Gulen, was seized by the state in 2015 and trans- ferred to the Saving Deposit Insurance Fund (TMSF). The govern- ment claims Gulen was behind the failed July 15 coup attempt.
An attempt to sell the bank failed last year as no bids were re- ceived. Later the TMSF decided to suspend the operations of the Is- lamic lender and announced in August that it had started a process for the liquidation of Bank Asya. The process should be completed within three years, according to Canikli.
Turkey to repay all foreign loans of seized Islamic lender Bank Asya