banks

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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What awaits Russian banks in 2018?

Russia's Central Bank announced transition to proportional regulation of the banking system. In other words, in 2018 banks will have to decide whether to increase their capital to 1 billion rubles and work under universal license, …

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DemirBank's license canceled

The license of DemirBank Open Joint-Stock Company is withdrawn from December 23 according to the decision of the Board of Directors of the Financial Markets Supervision Chamber, APA reports. The decision was made by the …

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Russian Central Bank to 'bail out' Promsvyazbank

Russia's central bank said that it had put Promsvyazbank under temporary administration as part of a bailout plan. The central bank said in a statement it was providing funds to support Promsvyazbank’s liquidity and would send …

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Kadyrov, Kostin discuss investments in Chechnya

VTB Bank President and Chairman of the Board Andrey Kostin visited Grozny and met with the head of Chechnya Ramzan Kadyrov, Kadyrov wrote on his Instagram page. "During the friendly conversation, …

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Russia stocks up with dollars

Russian companies increased their foreign exchange reserves in cash, Russia's Central Bank said. As of July 1, 2017, the total amount of foreign exchange reserves in cash in Russian banks and other sectors amounted to $59.8 billion, …

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Sberbank withdraws from Europe

Russia's Sberbank plans to leave the market of certain European countries due to sanctions imposed on it, Sberbank CEO and Chairman of the Board German Gref said.

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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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EBRD ready to allocate $500 mln loan to TANAP

Azerbaijan’s Southern Gas Corridor Closed Joint Stock Company may receive $500 million loan for the Trans Anatolian Natural Gas Pipeline (TANAP) from the European Bank for Reconstruction and Development (EBRD) . A decision on …

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