The Bank of Russia has withdrawn from 17 March 2016 the license for banking operations at the Moscow National corporate Bank (Neckarpark), according to the Central Bank. According to the regulator, Accordbank had committed violations of banking legislation and Bank of Russia regulations in assessing credit risk. According to the …
Read More »Central Bank: the Russian economy is still adjusting to low oil prices
Adjustment of the Russian economy to the low level of world commodity prices this year will continue, I believe in the Central Bank of the Russian Federation. Earlier on Friday, the Board of Directors of the Bank of Russia took a decision to maintain the key rate at 11% per …
Read More »The Bank in Moscow was fined for the transfer of personal data of the client to the collectors
In Moscow at the request of prosecutors, a commercial Bank was brought to administrative responsibility in the form of a fine for violation of the order of the processing of personal data of the citizen. As reported by “Rosbalt” in press service of the Prosecutor General, JSC “Bank credit cards” …
Read More »The Central Bank of China will allow banks to get into equity debtors
The people’s Bank of China is preparing new rules that would allow banks to exchange outstanding loans to companies on their shares. The new rules will lead to a reduction in overdue loans in the banks, moreover, will help free up the funds needed to Finance major infrastructure projects and …
Read More »Analyst: Bank of Russia is unlikely to lower its key interest rate
The Director of the analytical Department of “Alpari” Alexander Razuvaev doubts that the Central Bank of the Russian Federation at the meeting on March 18 will lower the key rate, which now stands at 11% per annum. “The rate has remained unchanged since August last year. However, it is likely …
Read More »The Central Bank will introduce a compulsory electronic insurance policies from 2017
The Bank of Russia proposes to oblige all insurers operating on the OSAGO market, to conclude contracts in electronic form from 1 January 2017. The relevant information contains in the message of the regulator. “The electronic sale of insurance policies was launched in Russia on 1 July 2015. However, the …
Read More »A meeting of the Central Bank: to reduce or keep?
This week will be a meeting of the Bank of Russia on issues of monetary policy. Overall, there was good conditions for a rate cut, but experts are not sure that the regulator will decide on some steps. Reuters conducted a poll of 22 economists, the vast majority of them …
Read More »The Central Bank has demanded to toughen the approach to work with VIP-clients
The Bank of Russia has demanded from financial and credit institutions to tighten the approach to work with clients of premium segment. On Monday, March 14, according to “Kommersant” with reference to a letter the regulator sent to the bankers in the beginning of this month. The Central Bank attributes …
Read More »The Chairman of the Central Bank predicted a significant growth in 2016 of Bank contributions of Russians
In 2016, the household deposits in Russian banks may increase by 15 percent, said the Deputy Chairman of the Bank of Russia Mikhail Sukhov. This prediction he made in his speech at the Russian economic and financial forum in Switzerland. The words of the Chairman of the Central Bank passes …
Read More »Employee of a Russian Bank admitted “criminal conspiracy”
The accused, according to investigators, collected the data for the foreign intelligence Service of the Russian Federation Yevgeny Buryakov, an employee of one of the well-known Russian banks, admitted in an American court in “criminal conspiracy”. According to the investigation, he and two of his accomplices, Igor Sporyshev and Victor …
Read More »