http://www.russiabankingnews.com en Copyright 2008, www.russiabankingnews.com Sat, 19 Jul 2008 09:21:00 -0500 Sat, 19 Jul 2008 09:21:00 -0500 RUSSIABANKINGNEWS.COM RSS GENERATOR http://blogs.law.harvard.edu/tech/rss 60 http://www.russiabankingnews.com/img/ http://www.russiabankingnews.com/ratings/3822.html Moody's confirmed TransCreditBank's long-term rating for FX deposits at "Ba1", short-term rating at "Not Prime" and financial solvency at "D-". The "stable" outlook for ratings was also confirmed. Bank's Ratings http://www.russiabankingnews.com/ratings/3822.html Mon, 21 Jul 2008 08:21:00 -0500 http://www.russiabankingnews.com/investing/3821.html From the 2 nd quarter of 2007 until the end of the 2 nd quarter of 2008, "Trubnaya Square — Russian Metallurgy" fund made its investors 42.63% (the second highest on the market), while "Trubnaya Square — Russian Oil" yielded 28.70%. Investing http://www.russiabankingnews.com/investing/3821.html Sat, 19 Jul 2008 09:21:00 -0500 http://www.russiabankingnews.com/investing/3820.html The additional issue consists of 600,000,000 common shares issued as entries to account with the nominal value of RUR1 per share (at the offering price of RUR8). The issue was placed by closed subscription to Non-profit Organization "Non-Government Pension Fund "Blagosostoyanie". Investing http://www.russiabankingnews.com/investing/3820.html Fri, 18 Jul 2008 17:21:00 -0500 http://www.russiabankingnews.com/technology/3819.html Factoring is an effective instrument for large clients as well as small- and medium-sized businesses. It will increase the number of buyers, expand the area of deliveries, boost sales, derive maximum profit from seasonal demand highs and liquidate cash gaps. Technology http://www.russiabankingnews.com/technology/3819.html Thu, 17 Jul 2008 23:21:00 -0500 http://www.russiabankingnews.com/ceo/3818.html Elena Khisamova has been appointed as the Head of ECM, Sergey Volk has been appointed a Director of Global Banking and Sergey Baranov has been appointed the Global Head of Business Applications Support and Development. Who's who http://www.russiabankingnews.com/ceo/3818.html Thu, 17 Jul 2008 20:21:00 -0500 http://www.russiabankingnews.com/events/3817.html The President of the KBR and VTB President and CEO discussed the implementation of the Cooperation Agreement signed between VTB Bank and the Government of the KBR in June 2004. The Agreement is aimed at developing socially important spheres of economy and creating conditions to increase the investment potential of the Republic. Events http://www.russiabankingnews.com/events/3817.html Thu, 17 Jul 2008 20:21:00 -0500 http://www.russiabankingnews.com/ceo/3816.html Alexander Kuznetsov will develop Investment Banking, where the Bank intends to significantly enhance its market positions. Specifically, the Bank will focus on arranging various forms of financing for large and largest borrowers (bond issues, syndicated loans), sales of structured products and developing services on the derivative and other segments of financial markets. Who's who http://www.russiabankingnews.com/ceo/3816.html Thu, 17 Jul 2008 08:21:00 -0500 http://www.russiabankingnews.com/ratings/3815.html Moody's Investors Service has also confirmed the other Bank of Moscow ratings — the long-term credit rating (Âàà2, outlook "stable") and the Eurobond rating (À3, outlook "stable"). Bank's Ratings http://www.russiabankingnews.com/ratings/3815.html Wed, 16 Jul 2008 13:21:00 -0500 http://www.russiabankingnews.com/statements/3814.html VTB Group today reports that its core income, defined as net interest income before provisions and net fee and commission income, is up 114.4% year-on-year to US$ 1.2 billion reflecting strong underlying momentum in the business. Net interest margin rose to 5.1% in the first quarter of 2008 from 4.4% in 2007. Financial Statements http://www.russiabankingnews.com/statements/3814.html Wed, 16 Jul 2008 10:21:00 -0500 http://www.russiabankingnews.com/investing/3813.html The VTB Supervisory Council considered and approved the Regulation on VTB Bank Information Policy and the Regulation on VTB Bank Dividend Policy. Investing http://www.russiabankingnews.com/investing/3813.html Wed, 16 Jul 2008 10:21:00 -0500 http://www.russiabankingnews.com/ratings/3812.html In the TOP 1000 world banks ranking published by The Banker magazine in its July 2008 issue, Evrofinance Mosnarbank raised from 940th position to 800th bettering its position by 140 points as compared to the previous year. Bank's Ratings http://www.russiabankingnews.com/ratings/3812.html Tue, 15 Jul 2008 03:21:00 -0500 http://www.russiabankingnews.com/loans/3811.html The Bank's portfolio of credits for individuals exceeds Rub 90 billion. Every month Bank of Moscow examines around 100,000 applications for loans. Therefore more effective risk management is not merely meeting the regulator's requirements, but an important factor for the Bank’s competitiveness. Personal loans http://www.russiabankingnews.com/loans/3811.html Tue, 15 Jul 2008 03:21:00 -0500 http://www.russiabankingnews.com/ratings/3810.html The criteria for selecting the winners included the bank's position in the market, market share, innovative banking products, management system, professionalism of the staff, innovative character, balance sheet and shareholder equity. Bank's Ratings http://www.russiabankingnews.com/ratings/3810.html Tue, 15 Jul 2008 03:20:00 -0500 http://www.russiabankingnews.com/investing/3809.html VTB Bank has disposed of its entire holding of 21,253 shares (10.63 %) in AK "Alrosa" (ZAO) as part of the agreement with the Federal Property Management Agency (Rosimushchestvo). According to the provisions of the transation, the cash proceeds for the deal amounts to RUR 8.7 billion. Investing http://www.russiabankingnews.com/investing/3809.html Tue, 15 Jul 2008 00:21:00 -0500 http://www.russiabankingnews.com/investing/3808.html The shareholders approved the Bank's 2007 Annual Report, and its annual financial statements, including the profit and loss statement (JSC VTB Bank profit and loss account) for the year 2007. The meeting also approved the profit allocation for the 2007 performance. Investing http://www.russiabankingnews.com/investing/3808.html Tue, 15 Jul 2008 00:21:00 -0500 http://www.russiabankingnews.com/investing/3807.html The issue comprises 20 mln bonds of RUR1,000 face value each. The bond matures in 3 years. The issuer set the coupon rate at annual 8.5%, which corresponds to yield-to-maturity of annual 8.68%. Investing http://www.russiabankingnews.com/investing/3807.html Mon, 14 Jul 2008 20:21:00 -0500 http://www.russiabankingnews.com/loans/3806.html Currently "UkrSibbank" renders loans for SME with maturity of up to 7 years and grace period of up to 1.5 years. Rates for this type of loans make up: 17.7% in UAH, 13% in USD, 12% in EUR and 8.49% in CHF. Interest rate under such loans is 1% less then that under a standard one. Personal loans http://www.russiabankingnews.com/loans/3806.html Mon, 14 Jul 2008 20:21:00 -0500 http://www.russiabankingnews.com/statements/3805.html For the year to date JSCIB "UkrSibbank" has closed over 17 000 SME loan deals for the total amount of more than USD 1bln. The year-over-year total amount of loans made up over USD 800bln. Financial Statements http://www.russiabankingnews.com/statements/3805.html Mon, 14 Jul 2008 20:21:00 -0500 http://www.russiabankingnews.com/investing/3804.html Investors made 59 bids for the total of RUR 6.19 bn, with foreign investors accounting for over 40 % of the demand. Most of the bids designated a coupon rate within 9.5-10 % p.a. Investing http://www.russiabankingnews.com/investing/3804.html Sat, 12 Jul 2008 06:21:00 -0500 http://www.russiabankingnews.com/ceo/3803.html Mr. Braginsky graduated from the Physics Department of the Moscow State University, and holds a Master's degree in Economics from the State University - Higher School of Economics in Moscow. Who's who http://www.russiabankingnews.com/ceo/3803.html Sat, 12 Jul 2008 04:21:00 -0500