The Central Bank is the most important institution that performs the functions of issue of cash, control over private banks, the conduct of monetary policy in the country. In terms of impact on the economy Central Banks can outperform all departments of the economic bloc of the Executive, including ministries …
Read More »The capitalization of the largest banks in the world has fallen since the beginning of the year to $465 billion
Twenty largest banks in the world since the beginning of this year lost a quarter of its total market value, total equivalent to $465 billion, the data provided in the survey research company FactSet. According to The Wall Street Journal (WSJ), the maximum loss of the Italian UniCredit, whose market …
Read More »The base rate for banks is increased
The contributions of banks to the Deposit insurance system has increased. With 01.07.2016, base rate, according to which calculates the sum of the next payment of the Bank increased from 0.1% to 0.12% of total deposits of the Bank for the quarter. These rules apply to all Russian banks within …
Read More »The Russians are tired of complaining to banks
Every tenth customer of the Bank is dissatisfied with the service, but prefers to remain silent about it or make claims directly to the employees of the credit institution The Russians believe that to complain about the banks is useless. Every tenth customer of the credit institution remains dissatisfied with …
Read More »The head of VTB found the similarities between banks and liquor stores
The presence of a Bank in walking distance is a great advantage, which can be compared with the access to the liquor store. On Friday, July 1, in the framework of the International financial Congress, held in St. Petersburg, said the head of VTB Andrey Kostin. “We use the most …
Read More »The Federation Council allowed banks to collect debts without a court
The Federation Council approved a law under which Russian banks will have the right to recover debts on loans out of court, says “Газета.Ru”. Of the adopted law should be that banks will be able to apply directly to the court bailiffs in the case that the borrower does not …
Read More »The four largest Russian banks will require additional capitalization
Four Russian Bank among the largest the capital has reduced to the threshold level, reported today by RBC with reference to the report of the Agency “Expert-Rating”. Their number includes such credit institutions as VTB 24, Promsvyazbank, MDM Bank and ubrr. The study indicated that as of June 1, banks …
Read More »International banks are leaving Britain after the referendum
The largest investment banks began to curtail their activities in the UK after the referendum in the country in which the British voted for the state’s withdrawal from the European Union, the Financial Times reports, citing sources. According to the newspaper, some steps in this direction have already begun to …
Read More »The profit of Russian banks jumped 26 times
Russian banks in January-may of 2016 received 235 billion rubles of profit. This is stated in the materials of Bank of Russia. Over the same period last year this figure amounted to nine billion rubles. Thus, the profit of the sector increased 26 times. In may, banks earned 68 billion …
Read More »Go away for good: at the SPIEF predicted the elimination of 90% of the banks
The Russian President acknowledged that the rapid growth of our economy in the coming years is not threatened Photo: TASS The most acute problems in the Russian economy have been solved, growth will resume soon, said President Vladimir Putin, speaking at the St. Petersburg international economic forum. However, the …
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