In Russia, Islamic banking may cover several other regions. It can be implemented in Moscow and St. Petersburg, regions of the North Caucasus Federal District, and in the Far North, Sberbank said.
This year, Sberbank clients will be able to open an Islamic deposit
In Russia, restrictions on the withdrawal of foreign currency remain. It has been in force for almost two years. Today, it has been extended for another six months by decision of the Central Bank.
The Banks Association of Türkiye received information and notified its member banks about the problems of exporters regarding payments with Russia
The savings of Russians kept in yuan have doubled over the year. The volume of loans in yuan has also increased. The yuan has surpassed the dollar in terms of the volume of funds in the Russian banking system.
The vast majority of Russian banks are under British sanctions, the kingdom's government department reports. Restrictive measures also concern the Central Bank of the Russian Federation and the Ministry of Finance.
It is not worth waiting for a serious rise in the dollar before the end of the year, the head of VTB said. In his opinion, the exchange rate will remain at 90 rubles.
From November 3, Russians will not be able to use UnionPay cards of Russian Standard Bank in other countries. This is due to new sanctions from the US Treasury.
Sberbank announced an increase in the rate on market mortgage programs by 0.5 percentage points. On September 16, the Central Bank lowered the key rate by 50 basis points, to 7.50% per annum. “Mortgage rates are …
The largest Turkish Ziraat Bank continues servicing the Russian Mir card, the bank said. "Yes, you can use this card", the bank said, noting that as of Monday morning there were no complaints from the Russian …
Since July 1, the Clearstream International Depository blocked the correspondent account of Rosbank. Now the bank cannot receive income on securities issued outside of Russia, Frank Media writes. The decision was made after the …
Sberbank refuted the rumor that the bank had run out of plastic for Mir cards. “Fake: Sberbank has run out of plastic for issuing Mir cards”, the credit institution said in a statement. Sberbank noted that due …
The SuperJob service's survey showed that the ban on transactions with Russian Visa and Mastercard cards led to an increase in demand for Mir-UnionPay cards. The Mir - UnionPay card gives the opportunity to pay for goods and …
The purchase of electronic tickets for Russian Railways trains via Apple Pay, Google Pay and Samsung Pay services may not be available, the carrier warns. "Currently, Apple Pay, Google Pay and Samsung Pay may not be available for …
The rouble strengthened on Wednesday, supported by rising oil prices which also pushed Russia’s benchmark MOEX stock index to a record high, as the finance ministry held two OFZ treasury bond auctions
Russian banks received a record low net profit of 500 million rubles in May, Russia's central bank chairwoman Elvira Nabiullina said at the State Duma. According to her, in January–May, banks earned a net profit …
Russian banks rejected more than six in every 10 loan applications made last year, new data has shown. Only 36.9% of requested loans were granted in in Russia last year, down from 41% the year before, the National Bureau of Credit …
The Bank of Russia instructed systemically important banks to connect to the Faster Payment System (FPS) by October 1, 2019. Banks with the all-purpose license should be connected by October 1 of the next year, according to the regulator. …
The International Monetary Fund (IMF) staff team said the cleanup of Russia's banking sector needs to be completed, the authorities also need to continue strengthening bank supervision and regulation. According to the …
First Deputy Chairman of Russia’s Central Bank Dmitry Tulin said that about three-quarters of its plan to clean up the banking system are completed. According to Tulin, Russia’s central bank does not …
