banks

Russians owe banks 13.5 trillion rubles

Russian total banking debt volume increased by 26% from the beginning of this year to 13.49 trillion rubles, according to the National Rating Agency (NRA). The agency said that in the period from January to May the banks' total …

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License of Russia's Sovetsky bank revoked

Russia’s central bank has revoked a banking license from Saint Petersburg-based bank Sovetsky today, the authority said. In February 2012, the Bank of Russia has approved the plans of its participation in bankruptcy prevention …

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Georgia trying to contain banks

An unexpected ally of the government in this process was the main opponent of the current authorities, former President Mikhail Saakashvili

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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'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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Will Russia find replacement for SWIFT?

Russian banks are looking for a replacement for the SWIFT bank payment system, as cutting them off from the system is possible due to the US sanctions announced by Treasury Secretary Steven Mnuchin. US …

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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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Turkish football club completes first bitcoin transfer

A Turkish football club has completed the country's first ever transfer using the Bitcoin cryptocurrency, broadcaster CNN Turk reported. Harunustaspor, a local amateur league club, signed 22-year old Omer Faruk Kiroglu for 2,000 …

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Russian banks 'lose' 140 billion rubles

Russian banks' profits declined by 15% to 790 billion rubles, according to the Russian Central Bank. "The number of profitable credit organizations prevails: 420 credit organizations had reported a profit of 1.6 trillion …

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