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Articles with tag "Banks"
Illegal Lending Poised to Rise in Russia as Borrowing Conditions Tighten – Report
The Central Bank has imposed sweeping restrictions on consumer lending.
Putin Signs Law Allowing Police to Freeze Bank Accounts Without Court Orders
Legal experts have raised concerns about the law’s scope and lack of clarity.
2 Min read
Russian Banks Report Deposit Outflows Amid Falling Rates and Freeze Fears
Eight of the country’s 20 largest credit institutions experienced deposit outflows in June.
2 Min read
Oman Tightens Banking Restrictions on Russian Firms – Vedomosti
Russian companies have increasingly turned to Oman for cross-border settlements after tighter financial regulations took effect in the United Arab Emirates...
2 Min read
opinion
Jason Corcoran
Russian Banks Will Fall. The Question Is How Hard.
With some of Russia's largest banks preparing to seek bailout talks, it is clear the country's financial balancing act will not last.
5 Min read
Kyrgyz Banks Tighten Restrictions on Russian Transactions Amid U.S. Sanctions Pressure
Payment processing times have increased, commission fees have doubled and some transfers from Russian firms have been halted altogether.
2 Min read
Russian Billionaire Puts $216M Bank Stake for Sale on Online Marketplace – Kommersant
The 5% stake in Sovcombank put up for sale on Avito belongs to billionaire Mikhail Klyukin, Kommersant reported.
2 Min read
Russia’s Largest Banks Exploring Bailouts as Bad Loans Grow – Bloomberg
The discussions are said to have become “more urgent throughout the banking industry” as the growing volume of bad loans sparks fears that some of...
2 Min read
Russian Importers Hit by VTB Account Freezes, Disrupting China Trade
Employees at five importing firms reported that VTB blocked their accounts between mid-May and July.
2 Min read
1 in 3 Russians Report Transfer Blocks Under New Central Bank Rules, Survey Finds
The measures, which went into effect on May 15, give banks the authority to limit transfers and block cards in cases of suspected fraud.
2 Min read
Russia’s VTB Reports Increase in Overdue Retail Loans
The proportion of non-performing loans (NPLs), those overdue by more than 90 days, in the bank’s portfolio climbed to 4% in May.
3 Min read
Sberbank Workaround Lets Customers Send Money to Europe – The Bell
Legal experts told journalists that the workaround for transferring funds does not technically breach sanctions due to the use of intermediaries.
2 Min read
Russia at Rising Risk of Systemic Banking Crisis, State-Linked Economists Warn
While a full-blown crisis has not yet materialized, several warning signs point to a high likelihood of one happening, the experts said in a report.
3 Min read
Moscow Court Jails Exiled ‘Putin Banker’ Sergei Pugachev 14 Years in Absentia
Pugachev, once a powerful senator and founder of Mezhprombank, was known in the 2000s as “Putin’s banker” due to his close ties to the Kremlin.
1 Min read
Russia's Largest Banks Face Sharp Rise in Loan Defaults
At Sberbank, the volume of mortgage loans showing signs of distress surged 90% between January and March.
2 Min read
Raiffeisen Pauses Russian Bank Sale Amid U.S.-Russia Talks – FT
Raiffeisen Bank International has faced pressure from both U.S. and European authorities to reduce its presence in the Russian market.
2 Min read
Bank Deposits Are Back as Russians’ Favorite Investment in 2024
Depositing money in high-yielding bank accounts is back as Russians’ favorite store of wealth to protect their life savings against the ravages of high...
6 Min read
Putin Approves Sale of Goldman Sachs’ Russian Unit to Armenian Investment Fund
The terms of the deal were not disclosed.
1 Min read
Dutch Bank ING Seals Deal to Leave Russia After 30 Years
ING said it will incur a loss of 700 million euros as part of its exit from the Russian market.
1 Min read
Sberbank Opens First Full-Service Branches in Occupied Ukraine’s Kherson, Zaporizhzhia Regions
Sberbank was among the first Russian companies to be sanctioned over the invasion of Ukraine, leading to its complete withdrawal from the European market...
1 Min read
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