banks

Russian banks preparing for U.S. sanctions

Leading Russian banks are working on plans to help each other retain an access to the global financial system if they are hit by new U.S. sanctions, according to sources familiar with the matter. The banks are "examining how they …

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Putin holds meeting with VTB head

Russian President Vladimir Putin had a working meeting with President and Chairman of the VTB Bank Management Board Andrei Kostin to discuss the bank’s performance last year, mortgage lending and housing construction …

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Sberbank to complete sale of Denizbank in H1 2019

Russian state lender Sberbank plans to complete the sale of Turkey’s Denizbank in the first half of the year, Sberbank said in a filing. Sberbank, Russia’s biggest bank by assets, bought Denizbank in 2012 for around $3.5 …

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Russians cannot get out of debt?

The Russians scored a record number of loans in 2018. The average debt burden of Russian families increased from 22% to 27%.  Russian people's current total debt is 14.86 trillion rubles. According to the …

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Bank secrecy to be abolished in Russia?

Russia's Federal Antimonopoly Service intends to obtain a legal basis for accessing financial information on bank accounts, deputy head of FAS Anti-Cartel Department Dmitry Artyushenko said. He stressed that …

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Debt fever accelerates in Russia

Russian total banking debt volume increased by 22.8% in comparison with an increase of 13/2% in 2017 to 14.9 trillion rubles, according to the Russian Central Bank's review of the Russian banking sector. This is a …

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 Bank of Georgia names Archil Gachechiladze as CEO

Bank of Georgia Group Plc named Archil Gachechiladze as chief executive officer, replacing Kaha Kiknavelidze who will step down at the end of the month, the company said. According to the lender, Gachechiladze will join …

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Gazprom Armenia counter-attacks Pashinyan team

The accusations of Armenia's State Revenue Committee of tax evasion have threatened Gazprom Armenia’s planned signing of an important agreement with a Russian bank, CEO of Gazprom Armenia national gas distribution company Hrant …

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Azerbaijan’s Central Bank to hold deposit auction

Azerbaijan’s Central Bank will hold a deposit auction on August 27 to raise 350 million manat, the banks said in a statement. The auction will be held on the Bloomberg trading platform.  The interest rate on …

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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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