Serbia's central bank said it has set minimum capital requirements for systemically important banks that will be required as of June 30.
The central bank has defined nine of the commercial banks in the country as systematically important. They must maintain an additional Tier 1 capital ratio at above 1% or 2%, depending on their importance.
Three banks – Banca Intesa, UniCredit Serbia and Komercijalna banka – have been defined as the most important and will have to maintain a minimum additional Tier 1 ratio of 2%.
Six other banks, OTP Bank, Raiffeisen Serbia, Erste Bank Novi Sad, Banka Postanska Stedionica, AIK Banka and Vojvodjanska Banka, must maintain an additional Tier 1 ratio of above 1%.
Freedom Holding Corp (Nasdaq: FRHC) is positioning itself to expand deeper into Europe’s financial services market with plans to launch a digital bank in France, backed by a €500mn ($572mn) ... more
A French banking licence would open the way to a new phase in the international expansion of Nasdaq-listed fintech group Freedom Holding Corp. That’s the expectation of Freedom, a company ... more
Freedom Holding Corp (Nasdaq: FRHC) slightly more than doubled its net income to $153.3mn in its fiscal year to March 31 from from $76.2mn in the previous fiscal 12 months, the international ... more