Microfinancing organizations are finding new loopholes in lending restrictions. The new conditions that took effect on July 1 were supposed …
Russians massively default on loans
There are 12 mio borrowers in Russia whose loans are more than 3 months overdue, financial ombudsman Pavel Medvedev said …
Catalog of fintech startups launched in Russia
Russia has launched its first online catalog of fintech startups. It currently comprises data about 205 startup projects in financial …
Payment service: A financial Lego kit for business
Most businesses use electronic payments and online services for financial transactions, from small retail stores to large banks. Ilya Bezrukov, …
The bank of the future
To remain competitive in a rapidly changing world, a bank must put the customer first and rethink its IT strategy …
The rise and fall of life insurance in Russia
The First Russian Conference on Life Insurance met on Monday May 27 to recognize an unpleasant fact: the rapid insurance …
Moscow banks have 91% of Russia’s banking assets
Moscow banks have accumulated 91% of the country’s banking assets. As of January 1, 2019, a total of RUR 85.5 …
Russia leads in CIS banking digitalization
Russia has become a leader in banking services digitalization across the CIS, thanks to an increasing number of smart phones …
Seven most amazing coins of 2019
The spring of 2019 has brought an abundance of unusual gold and silver coins, which hit the market both in …
Promsvyazbank, defense industry’s major lender
Promsvyazbank CEO Petr Fradkov was received by Russia’s President to report on the bank’s performance and its development plans. The …