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Banking In Russia
Banking in Russia is subject to significant regulations as banks in the Russian Federation have to meet mandatory Law of the Russian Federation, Russian legislation requirements, and comply with numerous Bank of Russia instructions and regulations. History The modern Russian Federation inherited the Russian and central operations of the Banking in the Soviet Union, banking system of the Soviet Union, with a few big state banks (like Sberbank, Vnesheconombank (Russia), Vnesheconombank, and VTB Bank). 1998 financial crisis In 1988, 41 commercial and cooperative banks were registered in the USSR, including 25 banks on the territory of the RSFSR. By January the 1st, 1990, the statutes of 225 commercial and cooperative banks were registered, including 184 in 1989. In 1990, in connection with the declaration of state sovereignty by the RSFSR, the Russian Republican Bank of the State Bank of the USSR and Russian banks of specialized banks were declared the property of the RSFSR. Also, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barack Obama
Barack Hussein Obama II (born August 4, 1961) is an American politician who was the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, he was the first African American president in American history. Obama previously served as a U.S. senator representing Illinois from 2005 to 2008 and as an Illinois state senator from 1997 to 2004. Born in Honolulu, Hawaii, Obama graduated from Columbia University in 1983 with a Bachelor of Arts degree in political science and later worked as a community organizer in Chicago. In 1988, Obama enrolled in Harvard Law School, where he was the first black president of the ''Harvard Law Review''. He became a civil rights attorney and an academic, teaching constitutional law at the University of Chicago Law School from 1992 to 2004. In 1996, Obama was elected to represent the 13th district in the Illinois Senate, a position he held until 2004, when he successfully ran for the U.S. Senate. In the 2008 pre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Promsvyazbank
Promsvyazbank PJSC (PSB; ) is a state-owned, formerly private Russian bank from Moscow. It was owned by oligarchs Dmitry Ananyev and his brother Alexei Ananyev. As of 2012, it was the 10th-largest bank in Russia by assets. The bank was established in May 1995 by the Ananyev brothers, the owners of Technoserv, the largest systems integrator in the CIS. Its first customers were major telecom companies such as Rostelecom. Between 2006 and 2012, a 15.32% stake was owned by Commerzbank. In February 2010, an 11.75% stake was acquired by the EBRD. By February 2016, the bank provided services to more than 100,000 corporate and over 2 million private customers. In 2018, the Russian government nationalized the bank, and prosecuted its former owners; Interpol found the prosecution to be politically motivated. Promsvayzbank was officially designated as a supporting bank of the Russian defense sector. In response to the prelude to the Russian invasion of Ukraine, specifically the recognit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Otkritie FC Bank
PJSC "Bank Otkritie Financial Corporation" or Otkritie FC Bank (, translates as ''opening'' or ''discovery'') is one of Russia's largest full-service commercial banks. It has more than 440 offices of different formats in Russia. It was co-founded by Igor Finogenov, now CEO of the Eurasian Development Bank. Otkritie Bank ranked 1st among privately owned banks and 4th by assets among banking groups in Russia. In August 2017, Otkritie was bailed out by the Central Bank of Russia, at a cost to the state of over $8 billion. The central bank later described Otkritie's capital as "largely fictitious". History The lending institution was registered as ''TIPCO Venture Bank'' () in 1992. The bank was renamed in 1994 as joint stock investment commercial bank ''Novaya Moskva'' (, Russian for ''New Moscow''), and ''Nomos-Bank'' () in 2007. ICT Group ( Alexander Nesis is a co-owner) gathered a controlling stake in the bank in May 2006. Otkritie Holding In 2012 Otkritie took over NO ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Bank Of Moscow
Credit Bank of Moscow () is a Russian bank founded in 1992 and operating in Moscow and Moscow Oblast. In 2008-2015, the Moscow Credit Bank raised from 66 to 12 place by assets in Russian bank rating. Its funds increased 20 times and achieved 115 billion rubles. In 2016, it got into the top-10 in terms of leading Russian banks. As of September 2017 Credit Bank of Moscow is ranked 9th among Russian banks by assets. Now the Moscow Credit Bank is the biggest private regional bank in Russia. It's in the top of banks of major systemic importance. Ownership Credit Bank of Moscow is owned by Roman Avdeev, the head of Ingrad real estate development company and Rossium concern. Before 2012, Avdeev was the only beneficiary of the Moscow Credit Bank. He bought the bank in 1994. Now he controls 55,73% of stocks. Avdeev was the head of the international finance attraction department and a president of the Moscow Credit Bank. At the end of 2008, Avdeev stepped down, but remained a member of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russian Agricultural Bank
Russian Agricultural Bank () is a 100% state-owned bank regulated by the Bank of Russia. RusAg provides lending support to Russian agribusiness companies. History Modern agribusiness production systems are capital intensive. A large portion of capital used in agribusiness is borrowed. The agrarian credit system in Russia goes back to 1882 when the first specialized banks – ‘Peasant Land Bank’ and ‘Gentry Land Bank’ – were established. During the Soviet period, about 90% of all long-term loans were extended to agribusiness. The Russian Agricultural Bank (RusAg) was set up on March 15, 2000 under the special decree of the acting president of the Russian Federation Vladimir Putin with the mission to be the conductor of the state credit and financial policy in the agribusiness sector, to facilitate a strong performance by clients, to invest in the core businesses and technology and to be the basis of the national credit and financial system of agribusiness in the Russian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alfa-Bank
Alfa-Bank JSC () is the largest of the private banks in Russia. It was founded in 1990 by Russian businessman Mikhail Fridman, who remains the controlling owner. Headquartered in Moscow, it operates in seven countries, providing financial services to 22 million active corporate customers and over 1 million active retail clients as of 2021. On 1 March 2022, Mikhail Fridman and Pyotr Aven left the bank's board of directors after coming under EU sanctions imposed in response to the 2022 Russian invasion of Ukraine. For the same reason, the bank has been sanctioned by US and EU authorities beginning in February 2022 and 2023, respectively. History Timeline: 1990s *1990 – Alfa-Bank founded as a partnership with limited liability by Russian entrepreneur Mikhail Fridman. *1991 – Licence to banking operations received from Central Bank of Russia and first corporate accounts open. *1992 – Central Bank grants more licences for broader activities. Alfa-Bank opens first nostro a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gazprombank
Gazprombank (), or GPB (JSC), is a private-owned Russian bank, the third largest bank in the country by assets. Since November 2014, Nikolai Shamalov#Yuri Shamalov, Yuri Shamalov's Gazfond is its largest shareholder. Gazprombank is one of the main channels for payments for Russian oil and gas. The bank’s principal business areas are corporate banking, retail banking, investment banking and depository services. Its banking activities also include securities trading, foreign exchange operations, precious metals operations, clearing operations and settlement services. The bank has a distribution network of 43 branches and over 260 banking outlets located throughout the Russian Federation. GPB also has ownership interests in three other Russian banks. In addition, Gazprombank is represented in the market of Belarus through ownership interests in foreign bank: Belgazprombank (Belarus). Gazprombank (Switzerland) Ltd announced it was ceasing to trade in October 2022. Gazprombank als ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sberbank Of Russia
The Public JSC Sberbank (, initially a contraction of ) is a Russian majority state-owned banking and financial services company headquartered in Moscow. As the Russian successor entity of the State Labor Savings Banks System of the USSR, it was called Sberbank of Russia until 2015, and in 2020 further shortened its brand to Sber. Following the termination of its operations in the European Union in the immediate aftermath of the Russian invasion of Ukraine, its international footprint is primarily in the Commonwealth of Independent States. By 2022, the bank accounted for about a third of all bank assets in Russia. The bank's rise since 1990s is in part due to its close connections to the Russian government. Sberbank has 86 branches and 1 representative office in 79 regions of Russia and 1 foreign country. it was the largest bank in Russia and Eastern Europe, and the third largest in Europe, ranked 60th in the world and first in central and Eastern Europe in ''The Banker''s Top ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Коммерсантъ
(, , ''The Businessman'' or Commerce Man, often shortened to Ъ) is a nationally distributed daily newspaper published in Russia mostly devoted to politics and business. The TNS Media and NRS Russia certified July 2013 circulation of the daily was 120,000–130,000. It is widely considered to be one of Russia's three main business dailies (together with ''Vedomosti'' and '' RBK Daily''). History The original ''Kommersant'' newspaper was established in Moscow in 1909, but was shut down by the Bolsheviks following the October Revolution in 1917. In 1989, with the onset of press freedom in Russia, was relaunched under the ownership of businessman and publicist Vladimir Yakovlev. The first issue was released in January 1990. It was modeled after Western business journalism. The newspaper's title is spelled in Russian with a terminal hard sign (ъ) – a letter that is silent at the end of a word in modern Russian, and was thus largely abolished by the post-revolution Ru ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomberg L
Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and mayor of New York City (2002–2013) * Ramon Bloomberg (born 1972), American artist and film director Other uses * Bloomberg L.P., financial news and media company founded by Michael Bloomberg ** Bloomberg News Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg T ..., a news agency ** '' Bloomberg Businessweek'', weekly business magazine and website ** '' Bloomberg Markets'', a monthly financial magazine ** Bloomberg Radio, a business radio network ** Bloomberg Television, a business news channel *** Bloomberg TV Canada *** Bloomberg TV ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
