Russian banks

Russian banks receive record low net profit

Russian banks received a record low net profit of 500 million rubles in May, Russia's central bank chairwoman Elvira Nabiullina said at the State Duma. According to her, in January–May, banks earned a net profit …

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Russian banks reject more than 60% of loan applications

Russian banks rejected more than six in every 10 loan applications made last year, new data has shown. Only 36.9% of requested loans were granted in in Russia last year, down from 41% the year before, the National Bureau of Credit …

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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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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's amount of bad assets increases by 137%

The volume of bad assets has continued to grow in Russia's banking system. In recent years, it has more than doubled, according to the Russian Analytical Credit Rating Agency (ACRA). "The number has increased …

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 Will Sberbank be privatized?

The chairperson of the Central Bank of Russia Elvira Nabiullina said that it would be possible to discuss privatization of Sberbank after the restoration of the Russian banking market and the growth of confidence …

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Russian bunks not compromised by BadRabbit attack

Some Russian financial organisations suffered a cyber attack from the so-called BadRabbit malware distributed through email, the country’s central bank’s Financial Sector Computer Emergency Response Team (FINCERT) said, adding …

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Nabiullina: Russia’s banking system stable

Russia’s banking system is stable, the Central Bank Chief Elvira Nabiullina said in an interview aired by the Rossiya-24 TV news channel. "The banking system is stable. We have to monitor general indicators …

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