Russia's Central Bank expects slowdown in inflation to continue
Weekly inflation data indicate that price growth is continuing to slow, Russia's Central Bank governor Elvira Nabiullina said. …
banks
Russia's Central Bank says key rate hike possible
The Russian Central Bank does not rule out raising the key rate if the slowdown in inflation does not proceed at the expected pace, Deputy …
Kazakhstan proposes national crypto bank
Member of the Kazakh Parliament Azat Peruashev, has initiated a proposal to establish a national cryptocurrency bank in the republic. …
VTB launches QR code payment for purchases in Turkey
VTB was the first among Russian banks to launch QR code payments for purchases in Turkey, the bank said on March 12. A buyer may pay for purchases at points of sale throughout the country by pointing the smart phone camera at the QR …
Three banks resume issuing cards to non-residents in Kazakhstan
Three Kazakh banks - Halyk Bank, Kaspi Bank and VTB's subsidiary - have resumed issuing payment cards to non-residents.
VTB bank to open subsidiary in Iran
Russia's VTB bank plans to open a full-fledged subsidiary bank in Iran by the end of 2025, President and Board Chairman Andrei Kostin said. "We are announcing today that we plan to open a bank by the end of this …
International Banking Forum kicks off in Baku
The 8th International Banking Forum is in full swing over two days in Baku, Azerbaijan. Executive Director of the Azerbaijani Central Bank Vusal Khalilov said the implementation of green taxonomy in Azerbaijan will establish a robust …
Turkey and Russia may pay for gas in national currencies
Turkey and Russia continue trade in national currencies and they can similarly pay for gas, a source in banking consulting in Ankara said when asked to comment on the situation with U.S. sanctions on Gazprombank, TASS reported. …
Türkiye seeks exemptions from US sanctions for Russian gas
US sanctions against Gazprombank may leave Türkiye without Russian gas. The Turkish authorities are seeking exemptions from these restrictions to continue using the Russian bank for gas payments.
Another five countries refuse to serve Gazprombank cards
Italy, Argentina, Egypt, Indonesia, Uruguay has warned its clients about possible issues
Banks in 9 countries suspend service to Russia's UnionPay
Today, banks in Turkey, the UAE, Thailand, Hungary, Vietnam, Germany, Kazakhstan, Qatar and China have stopped servicing UnionPay cards issued by Russian Gazprombank. The issue has been observed across both state banks …
Armenian Central Bank cuts refinancing rate once again
The board of the Armenian Central Bank has decided to reduce the refinancing rate by 25 basis points to 7.25% per annum, the bank said. …
Aksakov: Key rate may rise to 20%
The Bank of Russia may raise the key rate to 20% to return to 4% inflation.
Armenia reduces key rate
Today, it has been decided to slightly reduce the refinancing rate in Armenia. In this way, the Armenian Central Bank intends to increase the availability of loans and stimulate demand.
Georgia resumes servicing Zolotaya Korona payment system
Georgia's banks have resumed servicing the Zolotaya Korona payment system, President of the Banking Association of Georgia Alexander Dzneladze …
Bank of Russia increases dollar rate
The Bank of Russia set the official dollar rate at 92.6592 rubles for August 13, up 2.71 rubles against the previous indicator. The official euro rate was increased by 3.87 rubles to 100.559 rubles. The official yuan rate is fixed at …
Sberbank to raise mortgage rates in Russia
Russia's largest lender Sberbank opens new tab will raise its market mortgage rates to a minimum of 20% from August 6, according to Sberbank's …
Non-cash payments system to be expanded across North Caucasus
Cashless payments should be freely available in the North Caucasus Federal District
Russian Deputy Prime Minister Alexander Novak speaks on investment boom in Caucasus
The Russian Deputy Prime Minister, Alexander Novak, said that the investment flow to the Caucasus regions from Russian financial institutions has increased. According to him, "they have turned their attention to the region".
Anti-fraud center to protect residents of Kazakhstan from scammers
An anti-fraud center will open in Kazakhstan soon. The system will block suspicious transfers and return them to the senders if the fraud is confirmed.
