banks

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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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Do Russian banks continue withdrawing from ARB?

A number of Russian banks are ready to follow the eight largest banks that have declared their readiness to withdraw from the Association of Russian Banks (ARB). "Those who disagreed with a policy of the head of the ARB Garegin …

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Do Russians believe in banks once again?

Russians now view banks differently, as shown by a poll conducted by the Russian Public Opinion Research Center (VTsIOM). The results show that they prefer to reduce daily expenses by keeping free funds in a bank account. "The way …

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 Five arrested in Georgia for identity theft

Five people have been arrested in the Georgian capital of Tbilisi and the city of Gori today for identity theft and fraudulent activities. The officers of the division for the fight against cybercrime under the central criminal police …

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'People's' bonds becoming popular

For the first day, the Russians bought government federal bonds for individuals - 'people's bonds' - in the amount of 696.8 million rubles, the Russian Ministry of Finance said. "The placed volume is 696,807 million …

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Court declares Telman Ismayilov bankrupt

Today, the Moscow Region Arbitration Court declared former owner of the Cherkizovsky market, businessman Telman Ismailov a bankrupt and started the procedure of selling his property. Recall that in 2009 businessman …

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