HomeMaterials for 06.09.2011
06 September 201111:09

Sberbank, Bank of Moscow Top List of Capital-Exporting Banks

Russia’s top thirty banks facilitated the export of $20bn from Russia in the first half of 2011; Sberbank and the Bank of Moscow crown the list, Deputy Director of the Central Bank of Russia’s Financial Stability Department Sergey Moiseyev said at the International Banking Forum in Sochi. We see a two-way trend: on the one hand, banks are trying to find new niches and segments where they can successfully offer loans with tolerable risks, and on the other hand they play an active part in the export of capital. Thus, the country’s thirty largest banks facilitated the outflow of about $20bn in
06 September 201111:09

Koltsovo Airport: Jet Fuel Supply to Last 7 Days

Yekaterinburg-based Koltsovo Airport is not facing any jet fuel supply problems at the moment, but existing supply difficulties might lead to some shortage, the airport’s press service informed Interfax. We currently have enough jet fuel to keep us running for seven days,’ the press service representative explained. He confirmed Rosaviation’s warnings that Koltsovo might be faced with jet fuel shortage just like its Moscow counterparts. Out of 14,000 tons of jet fuel needed in Koltsovo for this month, only 6,000 tons have been contracted, and the data on the delivery of the rest of the amount
06 September 201111:09

BauerHof to Eliminate Securities Violations

The Ural Federal District division of Russia’s Federal Financial Markets Service conducted an in-house inspection of BauerHof to see whether the company complies with the Russian Federation securities legislation, namely, with the Federal Financial Markets Service’s Order 09-33/pz-n dated August 13, 2009. Following the inspection, the joint stock company was sent an order to eliminate the detected violations of the Russian Federation law.
06 September 201111:08

RusRating Confirms SKB-Bank’s Leadership in Region

SKB-Bank has once again topped a credit rating representing Sverdlovsk Region’s financial services market. RusRating affirmed SKB-Bank’s BB+ credit rating on September 2, 2011. This is the best rating result among the credit institutions based in Sverdlovsk Region. A few months ago, SKB-Bank’s rating outlook was promoted from Stable to Positive as well. SKB-Bank’s rating stems from its well-developed and stable regional market position, its financially strong proprietors and the likelihood of their support for the bank, and its impressive business development dynamics. The rating agency’s