Mikhail Khromov

Is Russia’s B&N Bank on brink of collapse?

Russia’s B&N Bank, the owner of Russia’s 12th biggest lender by assets, has asked the central bank for a bailout, the regulator said today. The central bank said B&N Bank’s owners, a holding group controlled by …

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Do Russians believe in banks once again?

Russians now view banks differently, as shown by a poll conducted by the Russian Public Opinion Research Center (VTsIOM). The results show that they prefer to reduce daily expenses by keeping free funds in a bank account. "The way …

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Dollar returns in July 2015

There was a sharp decline in the dollar exchange rates today on the Moscow stock exchange. Dollar fell below 56,55 rubles for the first time since mid-July 2015, reaching 56.36 rubles. The euro exchange rate declined by 0.29 rubles to 60.63 …

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Loan history of Russians to no longer be a mystery

The banking community under the auspices of the 'Russia' association sent a letter to the Russian Central Bank with a request to cancel a consent of the Russians to a request to loan bureaus in some cases. …

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Russians await 84 rubles a dollar

The majority of Russians expect a depreciation of the ruble at the end of spring, during which the value of the dollar will reach 84 rubles, the survey conducted by the All-Russian Public Opinion Research Center in late February reports. At the same ...

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Has Russian Central Bank 'frozen' key rate?

The Board of Directors of the Russian Central Bank decided to keep its key interest rate at 11% today. Against the backdrop of another oil price slump, monthly consumer-price growth rates have stabilized at a high level with a higher …

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What is happening to the ruble?

Ruble exchange rate continues to drop. As of 10:30, the dollar reached the the level of 84.66 rubles on the Moscow Stock Exchange, gaining 3.26 rubles. In turn, the euro rose to 92.46 rubles, increasing by 3.81 rubles. …

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Does the ruble continue to seek lowest rate?

Despite the very positive autumn forecasts, the ruble continues to weaken. The official dollar rate for the weekend and Monday beat the high again, reaching 71 rubles 32 kopecks. Thus, the dollar's value rose immediately by 74 kopecks, …

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