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International Forum “Big Eurasia territory: risks and opportunities”

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The Forum was held on March 15, 2017 and united more than 350 representatives of Russian companies, which work or are interested in cooperation within the markets of Asian-Pacific Region, Eurasian Economic Union and the European Union, including PJSC “Gazprom”, VTB Bank (PJSC), Vnesheconombank, MMC Norilsk Nickel, MC “METALLOINVEST” LLC, PJSC “NLMK”, RUSAL, JSC “SUEK”, OJSC Russian Railways, JSC “Sinara Read more »

The Bank of Russia: banking sector growth continues

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In February banks continued to build-up profits: in January – February 2017 their financial result amounted to RUB 212 bln., which is 2,5 times as much as for the same period last year. The data comes from the Information and analytical materials “Review of the Banking Sector of the Russian Federation in February 2017” on the Bank of Russia website. Read more »

The Bank of Russia: crypto-currencies will not expand soon.

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The regulator is prepared to address crypto-currencies, but they won’t become a mass payment instrument in the nearest future. This opinion was expressed by the Deputy Head of Banking Supervision Department of the Bank of Russia Alexey Lobanov during the conference “Today and tomorrow of the Russian banking sector”.“Regarding crypto-currencies – the question should be addressed to the regulator, Read more »

Gold and foreign currency reserves of the National Bank of Kazakhstan showed the maximum value for 4 years

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Foreign exchange reserves of the National Bank in June 2016 amounted to 30.5 billion dollars, the maximum value since July 2012. Meanwhile, the National Fund assets reached 65.7 billion dollars. About this in an interview with Bloomberg said Chairman of the National Bank of Kazakhstan Daniyar Akishev. According to him, most of the growth was due to the revaluation of Read more »

Russian banks will be able to replenish their capital Chinese yuans

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Central Bank of Russia will allow Russian banks to replenish their capital in RMB. Since there is an interest on the part of the Chinese banks to open in Russia Chinese bank branches. Then they’ll be able to form the authorized capital by means of its currency. Now the preparation of the documents are in the final phase. The preparation Read more »

China banks interested in the Russian market

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Chinese money is coming into the Russian financial system as an alternative to money from the west. Russian banks announce support for Chinese e-payment system UnionPay and are beginning to take loans in China. In the future, can strengthen its position in the world market once the two currencies – the ruble and yuan. But the value of Russia to Read more »