OAO Belarusbank jointly with Russia’s Roseximbank will provide special-terms financing for supplies of high-tech products from Russia to Belarus, the Belarusian bank said in a press-release. Operating as part of Russian Export Centre Group, Roseximbank has been financing Russia’s high-tech products facilitation program since 2015. The banks will provide documentary credit financing in support of…
Elmir Habibullayev has been elected the new chairman of the Supervisory Board of Subsidiary of the International Bank of Azerbaijan (IBA) in Russia, IBA-Moscow, the Center for Disclosure of Corporate Information reported. In addition, by the decision of the parent bank (IBA), Farid Hashimov has been elected a member of the Supervisory Board of the…
Rosinterbank, included in Russia’s 100 largest banks in terms of assets, has completely stopped providing services to its clients, the bank said. “Individual and corporate clients will not be serviced at Rosinterbank’s offices and branches starting from September 15, in order to stabilize the bank’s financial performance”, the bank’s statement said. A source reported that…
The international rating agency Fitch expects that corporate lending in Russia will grow by 5% in 2016 and retail loans will increase within 3%, the agency’s analyst Anton Lopatin said. “In the first half of the year corporate lending adjusted for currency revaluation increased by 2%. Reasons of this growth – rates have decreased, correspondingly,…
The combined net profit of Russian banks amounted to 537 billion rubles in January-August and it is expected to exceed 700 billion rubles overall in 2016, Deputy Central Bank Chairman Mikhail Sukhov said. He said that the January-August net profit exceeded the central bank’s earlier forecast, which stood at 500 billion rubles. Retail lending declined…
The Russian central bank could reduce its key rate at the next meeting on September 16, CEO of the country’s biggest lender Sberbank German Gref said. “If inflation goes down, there are chances”, Gref said. The board of directors of the ruler decided on July 29, to keep the interest rate at 10.5% after a…
Belarusian banks’ total balance sheet profit amounted to 399.7 million Belarusian rubles (Br) in January-July, or $204.231 million at the official rate of the central bank, up by 35.2% YoY, the National Bank of Belarus said in a statistical report. Banks’ equity capital totaled 8.138 billion rubles ($4.158 billion) as of August 1, up by…