Russian banks

Sberbank: no shortage of plastic for "MIR" cards

Sberbank: no shortage of plastic for "MIR" cards

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 …

Rouble strengthens

Rouble strengthens

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 receive record low net profit

Russian banks receive record low net profit

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 reject more than 60% of loan applications

Russian banks reject more than 60% of loan applications

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 …

Russian Central Bank does not see more major bailouts

Russian Central Bank does not see more major bailouts

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 …

Moody's: Russia's banks have weakest credit profile among BRICS

Moody's: Russia's banks have weakest credit profile among BRICS

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 to give $19 billion to "bad debts" bank

Russia to give $19 billion to "bad debts" bank

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 …

Debts in amount of 2.2 trillion rubles of Russians canceled

Debts in amount of 2.2 trillion rubles of Russians canceled

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 …

Is it safe to keep money in Russian banks?

Is it safe to keep money in Russian banks?

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 …

 Russia's amount of bad assets increases by 137%

Russia's amount of bad assets increases by 137%

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 …

Russia's Kerimov in talks to buy Vozrozhdenie bank - media

Russia's Kerimov in talks to buy Vozrozhdenie bank - media

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 …

Russia's central bank head: banking cleanup almost done

Russia's central bank head: banking cleanup almost done

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 …

 Banks' profits to be record in post-crisis Russia

Banks' profits to be record in post-crisis Russia

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 …