Central Bank fines 10 banks and issues warning to a payment system operator

Among them, eight were related to regulatory functions and the financial health of credit institutions. This included the implementation of Central Bank directives, adherence to prudential standards, the results of inspections, and compliance with regulations regarding appeals from individuals and legal entities.

The Central Bank imposed fines on 10 banks for various violations uncovered during inspections. Additionally, the regulator issued a warning to a payment system operator for failing to comply with directives and legal requirements.

The remaining 36 issues were related to licensing and registration procedures. The supervisory authority registered 11 new microfinance organizations, approved seven amendments to the charters of credit institutions, and sanctioned two transactions involving their shares.

The committee also reviewed 14 candidates for managerial and other key positions in banks. Furthermore, the credit union Start Kapital Invest was removed from the registry following the completion of its liquidation process.