Russian Central Bank

License of Sevastopol-based VVB bank revoked

Russia’s central bank has revoked a banking license from Sevastopol-based bank VVB, ranked 179th by assets as of March 1, the authority said. In December 2017, the central bank introduced an interim administration at VVB for six …

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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 …

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Russian Central Bank: economic growth has taken hold

Russia’s Central Bank has stated the trajectory of slow but steady economic growth, the regulator’s Research and Forecasting Department said in a report. The report added that the shift from moderately tough to neutral …

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Russia’s net capital outflow doubles in Jan-Feb

Russia saw a net capital outflow of $9.8 billion in the first two months of 2018, up from $4.4 billion in the same period a year earlier, the country's central bank said. "The net private capital outflow was mainly linked with …

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Russia's gold hoard is now bigger than China's

Russia has overtaken China as the fifth-biggest sovereign holder of gold, allowing it to diversify its foreign currency holdings amid a deepening rift with the US. The Bank of Russia in January increased its holdings by almost 20 metric …

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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 …

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Russia central bank chief says may speed up rate cuts

Russia’s central bank may cut rates faster than previously thought and possibly as soon as next week, Governor Elvira Nabiullina said on Thursday, adding that she saw little economic or financial impact from possible new …

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Russia's Central Bank sees no deflation risks

Russia's Central Bank Chair Elvira Nabiullina said that she sees no deflation risks in Russia. According to her, the central bank sees no deflation risks, but inflation expectations are yet to match the central …

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