banks

Bank of Russia keeps key rate unchanged

Bank of Russia keeps key rate unchanged

Russia’s Central Bank has kept the key rate at 7.5% per annum for the fifth consecutive time, noting that it would consider the necessity of key rate hike to stabilize inflation at the targeted level of 4% at its forthcoming meetings. …

Venezuela to bring good news on MIR cards soon

Venezuela to bring good news on MIR cards soon

Moscow and Caracas have advanced in the development of a system of exchange of financial messages, bypassing SWIFT, and the use of Russia's MIR payment system in Venezuela, Venezuelan Foreign Minister Yvan Gil Pinto told the joint news …

Russia extends restrictions on sending currency abroad

Russia extends restrictions on sending currency abroad

Russia's Central Bank extended restrictions on currency transfers abroad six additional months, through September 30, 2023, the regulator said. Therefore, Russian citizens and individuals who are residents from friendly countries …

Raiffeisen eyes Russia unit sale or spinoff

Raiffeisen eyes Russia unit sale or spinoff

Raiffeisen Bank International (RBI) CEO Johann Strobl told the meeting the bank would pursue a possible sale or spin-off of its Russian business. According to him, it would continue to reduce activity in Russia while it …

Russia and Iran link their banking systems

Russia and Iran link their banking systems

The banking payment systems of Russia and Iran are already connected with each other, Iranian Minister of Economic Affairs and Finance Ehsan Khandouzi said. He noted that the banks will soon be able to open accounts for companies …

Bank of Russia keeps key rate unchanged

Bank of Russia keeps key rate unchanged

Russia’s Central Bank has kept its key rate at 7.5% per annum for the fourth time running, noting the rate increase possibility should pro-inflation risks intensify, according to a statement released by the regulator. "The …

Tinkoff suspends money transfers to Turkey

Tinkoff suspends money transfers to Turkey

Russia’s Tinkoff Bank announced it has stopped money transfers to Turkey amid the Western sanctions. "Regrettably, we cannot transfer money to this country. Due to the sanctions, …

Turkish central bank cuts key rate

Turkish central bank cuts key rate

Turkey's central bank lowered its key rate by 50 basis points to 8.5% on Thursday. "It has become even more important to keep financial conditions supportive to preserve the growth momentum in industrial production and the …

Russia’s international reserves up $3.1 bln over week

Russia’s international reserves up $3.1 bln over week

Russia’s international reserves gained $3.1 bln or by 0.5% over the week and amounted to $597.7 bln as of January 27, 2023, the Central Bank said on Thursday. "The amount of international reserves as of January 27 totaled …

Popular bank may exit Russia

Popular bank may exit Russia

Raiffeisen Bank International AG is evaluating all strategic options for Raiffeisenbank's future in Russia, including an elaborate exit from Raiffeisenbank, according to the group's statement. The net profit of the Russian …

Russian banks to earn up to $20 bln in 2023

Russian banks to earn up to $20 bln in 2023

Russian banks may earn up to 1.5 trillion rubles ($20.7 bln) in 2023, which is a 1.5-fold increase compared with the record profit of 2021, according to a note on the country’s banking sector posted on the PSB Analytics Telegram …

Cyber attack against Iran’s Central Bank repelled

Cyber attack against Iran’s Central Bank repelled

A major cyberattack against the Central Bank of Iran (CBI) was neutralized, according to an Iranian cyber security official. The general director of the Infrastructure Communication Company notified that a significant DDoS attack …