HomeMaterials for 16.05.2011
16 May 201109:20

UBRD rating affirmed at AA-

The National Rating Agency affirmed the Ural Bank for Reconstruction and Development’s individual paying capacity rating at AA- (extremely high capacity Level 3). The bank’s financial situation at the moment is seen as stable and strong. The bank keeps on expanding its share of the market dynamically, its performance indicators are adequate to the market opportunities and reflect the growing inflow of resources, primarily from the deposits and their later investment in business and consumer loans as well as in a marketable blue chips portfolio. The profitability of the bank’s transactions is
16 May 201109:20

VIM Avia, Moscovia delay flights in April

VIM Avia and Moscovia delayed more flights than any other company in April 2011, Russia’s Federal Air Transport Agency (Rosaviation) reports. For one, VIM Avia delayed 96 out of 395 flights operated last month, which comes to 24% of the total number of flights; Moscovia put off 35 flights out of 181, which came to 19% of all the flights operated in April. Kogalymavia, Avianova, Taimyr, Mirninskoye Airlines ALROSA, and IzhAvia also delayed quite a few flights in April 2011: the number of delayed flights came, respectively, to 17%, 12%, 10%, 10%, and 10% of the total number of flights operated
16 May 201109:19

FAS might look into Visa, MasterCard

It has been reported to RBC daily that Russia’s Federal Antimonopoly Service might soon start looking into the activity of Visa and MasterCard to check whether the commissions the companies charge for the administration of the cards are actually competitive. The FAS had actually planned to start the investigation as early as two months ago, but no formal pretext presented itself just then. The banks that were unhappy with the growing hidden commissions and charges allegedly refused to place official protests with the FAS. Now the Service has obtained valid grounds to start investigating the