Gazprombank

Gazprombank presents its possibilities in Azerbaijan

Gazprombank is ready to participate in all Azerbaijani investment projects implemented on a project finance basis, the bank's deputy chairman Famil Sadigov said during the business seminar 'Azerbaijan on the way to the …

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SOCAR Polymer fully uses Gazprombank loan

Director General of SOCAR Polymer LLC Farid Jafarov said that the company has fully used the loan provided by Russia's Gazprombank. In June 2015, the Azerbaijani state-owned company SOCAR and the Gazprombank …

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Russia's Sberbank loses leadership

Sberbank has ceased to be the most reliable bank in Russia, according to Forbes ranking of the 100 most reliable Russian banks of the current year, based on their international ratings. It was bypassed by three credit organizations: Rosbank …

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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 …

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Gazprombank finances construction of two SOCAR plants

The State Oil Company of Azerbaijan (SOCAR) and Gazprombank have signed an agreement to finance the construction of plants for production of polypropylene and high density polyethylene by SOCAR Polymer company. The document was

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Moody’s lowers ratings of top Russian banks

 Moody’s has lowered the ratings of Russia’s Sberbank, VTB, Gazprombank, Rosselkhozbank, Agency for Housing Mortgage Lending, VEB and Alfa-Bank, Gazeta.ru reports.Moody’s lowered the credit rating of Russia to Ba1 speculative grade. 

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Russian Prime Minister Dmitry Medvedev will present an anti-crisis plan to President Vladimir Putin. The document composed by the Ministry for Economic Development consists of 101 provisions and will cost the government a whopping sum of 2 trillion rubles. It will be the final version of the plan for sustainable development of the economy and social stability in 2015.

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Rating agencies have turned against Russia

Moody's ratings agency has shifted Russia's government bond rating to Baa3/Prime 3 from Baa2/Prime 2, the agency has said in a statement.  Moody's said it also “lowered Russia's country ceilings for foreign currency debt to Baa3/Prime 3 from Baa2/Prime 2.  

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Fitch Ratings collapse Russian banks

Sberbank,Rosselkhozbank, Gazprombank, Vnesheconombank and another 26 Russian financial institutions, as well as their subsidiaries, lost today in the long-term issuer default rating in foreign currency by decision of the international rating agency Fitch, after cutting Russia's sovereign rating to BBB-, one notch above junk status.

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