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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 …
Over the last two years, cyber attacks caused 3 billion rubles of damage to Russia’s financial sector, deputy chair of the Federation Council Committee on Constitutional Legislation and State Building Lyudmila Bokova said at …
China's banks have the strongest credit profile among the emerging market BRICS nations (Brazil, Russia, India, China and South Africa), while Russia's banks - the weakest profile in the group, Moody's Investors Service said in a …
Russia’s Central Bank will provide Trust Bank with a combined 1.1 trillion rubles ($19.17 billion), Central Bank Deputy Governor Vasily Pozdyshev said. The banks’ problematic assets could be united under …
Russian bailiffs canceled physical persons' bad debts in the amount of about 2.2 trillion rubles to banks, the Izvestia newspaper reported with reference to Russia's Federal Bailiffs Service. In 2017, bailiffs were not able to …
Representatives of Russian businessman and lawmaker Suleiman Kerimov's Bonum Capital entered Vozrozhdenie bank's board of directors. Bonum Capital is in talks to buy the bank, according to the fund's …
This year, approximately 35-50 banks can be deprived of licenses in Russia, according to the review of the January situation in the Russian banking sector prepared by the RIA Rating agency. In the period of January-February …
The volume of bad assets has continued to grow in Russia's banking system. In recent years, it has more than doubled, according to the Russian Analytical Credit Rating Agency (ACRA). "The number has increased …
Russian businessman and lawmaker Suleiman Kerimov is in talks with the majority shareholders of Russia’s Vozrozhdenie bank about buying their stake in the lender, sources close to the talks said. The bank’s …
A cleanup of Russia's banks almost complete, Russia's Central Bank Chair Elvira Nabiullina said today. "In 2017, the Bank of Russia was forced to revoke more than 50 bank licenses," she said, adding …
Russia’s Deposit Insurance Agency (DIA) is preparing a reform of liquidation of crashed banks for a quick public sale of their assets, the DIA’s head Yury Isayev said. The agency currently deals with …
Russia's banking system would likely hit record profits next year, the main Sberbank analyst Mikhail Matovnikov said. According to him, Russian banks's profits would have reached 1.5 trillion rubles …
The chairperson of the Central Bank of Russia Elvira Nabiullina said that it would be possible to discuss privatization of Sberbank after the restoration of the Russian banking market and the growth of confidence …
Some Russian financial organisations suffered a cyber attack from the so-called BadRabbit malware distributed through email, the country’s central bank’s Financial Sector Computer Emergency Response Team (FINCERT) said, adding …
Russia’s banking system is stable, the Central Bank Chief Elvira Nabiullina said in an interview aired by the Rossiya-24 TV news channel. "The banking system is stable. We have to monitor general indicators …
Russia's State Duma plans to draft a law, which obliges bank owners to be answerable for obligations with their property not only in case of bankruptcies, but in cases of recovery procedures as well. Chairman of the State …
Russia’s B&N Bank could need between 250 billion rubles and 350 billion rubles ($4.3-$6.03 billion) in additional provisions for bad loans, Russia's central bank deputy governor, Vasily Pozdyshev, said. …
Russia's central bank is independent in taking decisions towards problematic banks and doesn't need an approval by the Kremlin, the Kremlin spokesman Dmitry Peskov said. "The central bank fully …
Russia’s central bank said that it will nationalise B&N Bank in the second rescue of a top lender in three weeks. B&N asked for a rescue package yesterday after running into financial difficulties …
The initiative group of deputies of the State Duma’s Committee for State Construction and Legislation has began discussing the issue of increasing the responsibility of bank owners - up to the introduction of subsidiary responsibility, when …
