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    November, 12 123 banks were already ruined in the USA from the beginning of 2009, in 2008 - 26, in 2007 - only 3.

    September, 24 One of the largest Japanese banks Aiful Corp. to axe almost 2000 jobs (44%).

    June, 23 CEE Banking Sector Report: Total assets in CEE Banking sector grew 25 per cent in 2008 to €1,772 billion.

    May, 13 Citigroup uses almost $45 billion TARP Funds for Loans.

    May, 11 Bank of America is going to sell a 5.8% stake in China Construction Bank Corp. for about $7.3 billion.

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    Pravex Bank


    Pravex BankPRAVEX-BANK’s key strategic area for development operates as a multi-functional financial institution that provides a full range of both retail and corporate banking services. PRAVEX-BANK has gained public recognition and can now be proud of its achievements, which have made the PRAVEX-BANK brand a symbol of trust and reliability. Having been on the Ukrainian banking market for over 15 years, every year PRAVEX-BANK becomes increasingly available, convenient and closer to all its potential clients and partners in terms of both its high service standards and its geographic reach. The Bank was able to achieve these results through the creation of a very large network of offices and branches throughout Ukraine, and as a result, the Bank ensures the maximum proximity of banking services to each client. The Bank has over 588 directorates and outlets both in the Kyiv region and in all Ukrainian regions, including the Autonomous Republic of Crimea.

    Headquarters:Kyiv, Ukraine
    Telephone: 8 800 500 4 500
    Founded:1990
    Site: www.pravex.com/eng/
    ID: 1032. Updated: 12.05.2004

    Pravex Bank :: Press Releases

    03.07.2009 More than 30,000 grams of precious metals were purchased with a discount according to results of work for April 2009.  More


    Business and Financial News

    
    French Bank to Repay Government Bailout - 14.10.2009
    Crédit Agricole, the French bank, said Wednesday that it would repay the €3 billion of debt the government bought last December, becoming the latest big bank to pay back a bailout.
    Source: New York Times
    Up to 175,000 students still waiting for loans and grants - 09.10.2009
    Up to 175,000 students are still waiting for their loans and grants a week after university courses started, it emerged today.
    Source: Guardian.co.uk
    Card fraud in the UK falls by 23% - 08.10.2009
    The amount of money being lost through card fraud fell by 23% in the first half of the year in the UK, as criminals changed their strategies and prevention measures began to take effect, according to figures published today.
    Source: Guardian.co.uk
    The trend: large banks will acquire smaller banks - 18.09.2009
    KBW Inc., the New York-based boutique that advises financial institutions, expects 500 to 1,000 U.S. banks to fail by 2011, Chief Executive Officer John Duffy said.
    Source: Bloomberg
    Colonial Banc Group declares bankruptcy - 15.08.2009
    Colonial became the largest US bank to fail this year after it was declared bankrupt and had the bulk of its assets taken over by rival BB&T, the government banking insurer said Friday.
    Source: Agence France-Presse
    Fighting economic crisis in U.K. - 27.07.2009
    Current economic difficulties in U.K. were caused by global financial crises and have resulted into the following changes in the country's economy in 2007-2008:
    Source: BanksDaily.com
    The European Central Bank injects €442 billion into banking system - 25.06.2009
    The European Central Bank (ECB) allotted €442 billion to banks for 12 months, the biggest amount it has ever given in a single auction. The amount was more than most economists had expected.
    Source: RTTNews

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