State Duma, Lower House of Russia’s Parliament, intends to criminally prosecute those companies which extend loans to private individuals illegally, …
Central Bank: Higher interest and stronger ruble
For the first time in four years, Russia’s financial regulator raised key interest rate, RIAN reports. It was increased by …
VTB Chairman: dollar to be renounced
VTB President and Chairman Andrey Kostin has come up with a plan to stop using US dollars for settlements, Izvestia …
Kolomoisky’s revenge upon Russian banks
A court in Kiev seized stocks of Russian government-owned Savings Bank, Vnesheconombank and VTB banks’ Ukrainian subsidiaries, Russian news agency …
Restrictions on borrowing in Russia
Lower House of the Russian Parliament, State Duma, intends to put a ban on issue of loans by banks and …
3.3 trillion of needless money
Russian banks have accumulated RUR 3.3 trln ($47.1 bln) for which they can not find any application, Georgy Luntovsky, President …
Insurance in Russia and its five main problems
Sergei Katarguin – CEO at Independent Insurance Consultants and founder of Oncostrakhovaniye.rf Insurance industry in Russia has numerous problems, of …
Lenders and insurers will be protected by financial ombudsman
Law on financial ombudsman became effective on September 3, 2018, Interfax news agency reports. Financial ombudsman is presidential commissioner for …
Central Bank to block accounts of hackers’ accomplices
The Bank of Russia is drafting a list of clients of banks whose cash withdrawals and transfers will be restricted, …
Russians will have personal credit ratings
Starting next year, it will become more difficult to get a loan in Russia. According to Rossiyskaya Gazeta, every national …