Russian banks

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Russia’s central bank decides on B&N Bank

Russia’s central bank decides on B&N Bank

  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 …

State Duma wants to tighten requirements for bank owners

State Duma wants to tighten requirements for bank owners

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 …

Major Russian banks officially withdraw from ARB

Major Russian banks officially withdraw from ARB

The Council of the Association of Russian Banks (ARB) has approved applications for withdrawal from the association of Sberbank, VTB, VTB 24, Gazprombank, Rosselkhozbank, Bank Otkrytie, Alfa Bank, Binbank and BM Bank. ”The representatives …

Poll: Russians lose faith in banks

Poll: Russians lose faith in banks

According to the poll results of the NAFI Analytical Center, the number of Russians trusting banks decreased. During the year the share of respondents who expressed confidence in banks decreased from 67% to 60%. At the same time, of …

VEB and RosEvroBank join Association of Regional Banks of Russia

VEB and RosEvroBank join Association of Regional Banks of Russia

The Board of the Association of Regional Banks of Russia (the ‘Russia’ Association) has decided to accept Vnesheconombank (VEB) and RosEvroBank. The relevant information appeared in the press release of the association. A week before, …

Do Russian banks continue withdrawing from ARB?

Do Russian banks continue withdrawing from ARB?

A number of Russian banks are ready to follow the eight largest banks that have declared their readiness to withdraw from the Association of Russian Banks (ARB). "Those who disagreed with a policy of the head of the ARB Garegin …

Russian banks hit record profits

Russian banks hit record profits

The Russian banking sector's profits in the first half of this year exceeded 750 billion rubles, which is a historic high for the Russian Federation, according to the Bank of Russia's information and analytical material for the …

Sberbank becomes most valuable Russian bank

Sberbank becomes most valuable Russian bank

Sberbank became the only Russian brand in the Top100 of the banking rating and the only Russian banking brand in the Brand Finance Global 500, its brand value has increased by 33% over the last year (almost 570 billion rubles).  …

Presentation of Gazprombank held in Baku

Presentation of Gazprombank held in Baku

A presentation of Gazprombank (GPB) was held in Baku today, the First Vice-President of GPB, Alexander Kaznacheyev, presented the opportunities of the Russian oil and gas giant Gazprom's bank in Azerbaijan, the …

Ruble grows amid growing oil

Ruble grows amid growing oil

Oil prices, after falling the day before, began to recover gradually due to a thorough implementation of the agreement on the production cuts. Thus, the March futures for Brent crude oil on London's …

VTB: Bank of Russia may reduce key interest rate to 7-8%

VTB: Bank of Russia may reduce key interest rate to 7-8%

The Central Bank of Russia may reduce the key interest rate to 7-8% in the next year, the president of Russia's VTB Bank, Andrei Kostin, said. "There is a chance that the key rate in 2017 will be reduced to …

Russia’s Central Bank lowers its key interest rate

Russia’s Central Bank lowers its key interest rate

The board of directors of Russia’s Central Bank has decided to cut its key interest rate to 10.5% for the first time in nearly a year. The Central Bank noted "the positive trends of more stable inflation, decreased …

SOFAZ remains second largest shareholder of VTB

SOFAZ remains second largest shareholder of VTB

VTB has released data on its shareholders as of January 25th 2016. According to the daya, the Federal Property Management Agency has the largest package – 60.9%. Its share remained unchanged from the date of publication of the ...

Is everything okay with Russian banking system?

Is everything okay with Russian banking system?

The Deputy Chairman of the Executive Board of Sberbank, Bella Zlatkis, commented on the situation in the Russian banking system. According to her, "there is hardly a person who says that the banking system is …