Tuesday, October 25, 2011

Dollar on the interbank market is stable

B Friday, January 21 at the Ukrainian interbank market prices for the U.S. currency has stabilized. So, by the close of trading on the dollar price levels rose to 7.9450 / 7.9520 (opening - 7.9410 / 7.9505) Rublyovy Market closed at 0, 2650/52 (opening - 0.2647 / 51). Market Euro-hryvnia opened quotes 10.7585 / 10.7730, by 12:00 the prices have gone down 10.7450 / 10.7580, and by the close of trading back up to 10 , 7535/10, 7690. Source dengi.ua

Anti-corruption law - a step away from acceptance

Anti-Corruption Act, stricter standards of conduct for officials is one step away from acceptance. Already in the first week of February it can be approved by parliament and then signed by the president when it immediately after its publication in the Voice of Ukraine "the law takes effect, the newspaper Segodnya. "Basically, I do not understand why it was necessary to abolish the old laws and make new ones - and says. Fr. head of anti-corruption committee of parliament Gennady Moskal. - The law has changed to 5%, not more, that all could accept as amended, and from January 1, he would have acted. I told the leaders of the faction of Regions, which just summed up the president. " According to Moskal, the new law is also not without flaws: "For example, the subjects of corruption in it named only NGOs, although they should be to write, and parties, which flourished around the main corruption." He believes that the law should be taken as soon as possible: "On 2 February, we consider it to committee. It will be fast - between the first and second reading made a total of 32 amendments, and those smaller. So what is the law of February 3, you can make in the hall. " Recall the anti-corruption legislative package was adopted in summer 2009. At first it was planned that he will come into force in 2010, then - from April 1, 2010, and later - in 2011. In the end, ten days before the New Year it was canceled. President Viktor Yanukovych made a new law, which passed the first reading on December 23.

Interbank: The euro fell to a penny

At the end of trading on the interbank market, the euro fell to a penny, the dollar fell slightly, according to the company InterBiznesKonsalting, trading in the euro resulted in a range 10,8682-10,8817 UAH / EUR, trading in the dollar - 7 9485-7,9540 UAH / USD, trading in ruble - 0,2726-0,2727 UAH / USD. Recall, trades on the euro were opened in the range 10,8755-10,8860 USD / EUR trades on the dollar - 7,9530-7,9590 UAH / USD, trading in ruble - 0,2724-0,2727 UAH / USD.

The official exchange rate on January 25

According to the official site of the National Bank of Ukraine, on January 25, National Bank has established the following official rate of hryvnia against foreign currencies: $ 100 - 794.0500 (24 January - 794.2500) 100 EUR - 1077.6053 (January 24 - 1073.9054) 10 ? - 2.6600 (24 January - 2.6465)

Monday, October 24, 2011

Britain raised the tax on banks to 2.5 billion pounds in 2011

The UK government has considered the country's banks stable enough to raise the tax on the banking sector this year to 800 million pounds - up to 2.5 billion pounds ($ 4 billion), writes the Financial Times. Tax on the banking sector proposed by the finance minister George Osborne, originally planned at 2.5 billion pounds a year, but then the authorities have decided to reduce it to first years to 1.7 billion pounds to loose after the crisis, banks have managed to strengthen the capital. Return to the original volume of payments considered markets as a signal of stability of the British finsektora. "The increase in tax revenue of 800 million pounds will help create a predictable and stable tax system. We are talking about the economy: it is necessary to ensure that banks make a fair contribution to reducing the budget deficit," - said Dzh.Osborn. However, the British finance minister expects that, despite the increase in taxes, the government would soon negotiate with the City to increase lending to small businesses. Under the proposed Treasury Project Merlin, "UK banks should set aside more than ? 1 billion to small businesses to ensure regional growth. On materials the Interfax-Ukraine

Lukoil allowed to buy six gas stations

Anti-Monopoly Committee of Ukraine allowed the company "Lukoil-Ukraine" to acquire six service stations, the press office vedomtsva. Granted permission to buy a complete property complex - gas station, which is owned by OOO "Construction and assembly company Primbudservis" (Kiev) in Uman (Cherkassy region). Another five filling stations "Lukoil might buy from LLC Skeet Invest.

British bank Barclays buys Citigroup unit credit Egg

British bank Barclays announced the purchase of the American Citigroup for an undisclosed sum the British unit of credit cards online bank Egg, reports Reuters. British division Egg, which currently has 1.15 million accounts with a total balance of 2.3 billion pounds ($ 3.75 billion), will be integrated into the unit of credit cards Barclays. The transaction is expected to be completed in the second half of this year. Citi bought Egg from British insurer Prudential Plc in 2007 for 575 million pounds. American Financial Group last year announced a desire to sell Egg, considering it after the crisis of non-core asset. In mid-February, Barclays agreed to sell its Russian subsidiaries of LLC "Barclays Bank, which was established on the basis of Expobank. Barclays acquired Expobank in 2008 for $ 745 million net profit for Barclays results of fiscal year 2010 grew by 36%, to 3.56 billion pounds. Pretax profit for the period reached 6.07 billion pounds. Source: BBC News

Spanish banks need financial assistance amounting to 15 billion euros

Central Bank of Spain said that many of the country's banks need financial help, writes Bloomberg. 12 Spanish banks, including branches of Deutsche Bank and Barclays, in need of cash infusions in order to match their capital requirements of regulators. The total investment should be around 15 billion euros, with the most difficult situation - the banks and Bankia Novacaixagalicia, requiring 5.8 billion and 2.6 billion euros, respectively. Meanwhile, rating agency Moody's downgraded the credit rating on the eve of Spain to the level of "Aa2". The agency stated that the Spanish financial institutions may take up to 50 billion euros to meet capital requirements. Source: Banki.ru

NBU sold Feb. 16 bank certificates of deposit at 1,657 million hryvnia

The National Bank on Wednesday, February 16, sold their bank certificates of deposit totaling $ 1,657 million hryvnia. This was reported by the National Bank. National Bank to regulate liquidity mobilized funds through a tender to deploy NBU certificates of deposit for a period of 7 days on the weighted average interest rate of 2.0% per annum 5 banks in the amount of 1,353 million hryvnia, and for 14 days at the weighted average interest rate of 2.5% per annum 2 banks amounting to 304 million hryvnia. As reported, the NBU on 15 February, the banks sold their certificates of deposit totaling $ 335 million hryvnia. In accordance with paragraph 2.6 of Chapter 2 of the Regulation of National Bank of Ukraine liquidity of Ukrainian banks, approved by the Board from 30.04.2009 № 259, on interest tenders for placement of certificates of deposit banks offer their own interest rate. In January the National Bank to regulate liquidity mobilized (attracted) to banks for a total of 9,715 million hryvnia. In 2010, the NBU has attracted 248,097 million hryvnia to banks. NBU shall deposit auctions to withdraw from the market of money to spare. Materials: Ukrainian News

The bankers persuaded the People's Deputy: a bank will be over 120 mln.

The People's Deputies voted to increase the minimum size of the authorized capital of newly established banks. After the document comes into force, to create a new bank will have no 75 (as previously), and 120 million hryvnia. For taking on the whole of the bill (№ 0884), 230 deputies voted. In addition, the same document is enhanced requirements for the minimum "ustavnika" existing banks - up to 120 mln. True, the banks, whose authorized capital is less than this figure is on the capitalization for five years. Now the minimum allowable size of "ustavnika" current bank is set at 75 mln. According to "Delo", earlier this same bill was supposed to dramatically tighten the requirements posed by an authorized capital of banks. If now the bank's authorized capital at the time of registration can not be less than 75 mln., The bill proposes to raise this threshold to 6.7 times - up to 500 mln. Such high demands of intense criticism among bankers, for their review of the Association of Ukrainian Banks and the Association "Ukrainian Credit-bank Union", representing virtually all banks in Ukraine. As a result, when finalizing the document, the size requirements for capital have been relaxed to 120 million hryvnia. We remind myself a bill on amending some laws of Ukraine (regarding regulation of banks) was registered in November 2007. However, serious changes in the text were made in the autumn of 2010. The initiators of the bill are the deputies of the Party of Regions Yuri Voropayev, Rinat Akhmetov, and Alexander Vilkul.