PLUS-dailyRSS
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Discounted mortgage rate to be reduced to 9%
Earlier, the Russian government announced a rise in discounted mortgage rates to 12%
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Visa counts losses after leaving Russia
With the operations stopped in Russia in March, Visa estimated their losses at $60 million, according to fiscal second quarter report 2022.
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Russia’s Central Bank proposes allowing traditional stock exchanges to trade in digital financial assets
The regulator discussed the concept of organized DFA trading with brokers, exchanges and information system operators.
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Demand for Mir cards at VTB Bank grew by quarter in April
Since March 2022, VTB cards have been valid indefinitely, with no need to extend or renew them.
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Russia’s Central Bank reports stabilizing state of citizens’ bank deposits in March
In the first quarter, the volume of individual deposits dropped by 2.254 trillion rubles (-6.4%).
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Nabiullina reappointed head of Russia’s Central Bank for another five years
The State Duma extended her powers for another five-year term effective from June 24, 2022.
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Most Russians keep opting for non-cash payments
NAFI study showed that Russians are not ready to give up non-cash payments
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Кey rate may be brought back down to 7-7.5% assuming inflation reaches 4%
Bank of Russia Governor Elvira Nabiullina recalled that, according to their estimations, inflation is expected to return to the target of 4% in 2024.
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Most Russians plan no loans to take in near future
Russians most often take out loans for household appliances, electronics and furniture, as well as for repair and purchase of cars.
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Bank of Russia: digital ruble will be implemented as scheduled
According to First Deputy Governor of the Bank of Russia Olga Skorobogatova, the regulator does not intend to postpone the introduction of this form of the Russian national currency, despite the technical unpreparedness of some banks.
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Russia issued government-backed loans worth Rub82 billion in March
In terms of dollars (based on the average dollar/ruble exchange rate in March), the amount is approximately 790 million dollars.
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Sberbank blocked large-scale attack on Russians’ cards
Sberbank rejected several hundred thousand attempts of unauthorized debit transactions; the customers’ money is out of danger.
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Deposit rates in Russia show sharpest decline in 13 years
In early April, the average return on deposits in large banks fell by 2 percentage points at once. This is how the market responded to the unscheduled cut in the key rate.
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Russia’s central bank allowed banks to sell currency in cash
At the same time, the total limit of $10,000 remains in effect for withdrawing foreign currency from citizens' accounts.
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16% of Russians keep savings in cash at home
Most of those surveyed are ready to use savings to pay off their loans.
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Bank of Russia cuts key rate to 17%
The regulator’s board of directors decided to cut the key rate by 300 basis points from April 11, 2022.
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The International PLUS-Forum “Banks and retail. Digital transformation and interaction”: soon in May!
The event supported by the Central Bank of the Republic of Uzbekistan will take place in Tashkent on May 25-26.
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VTB repelled half million fraudsters’ attacks since beginning of year
VTB prevented 500,000 fraudsters’ attempts to steal money from customer accounts in Q1, which is 40% more than a year ago. The total value of safeguarded funds amounted to 5.6 billion rubles, almost twice as much as a year ago.
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Interros acquires Rosbank from Societe Generale
Interros will acquire the entire stake of the French banking group Societe Generale in Russia's Rosbank and its insurance business.
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People's Bank of Uzbekistan to install 1,800 ATMs throughout country
The bank is also instructed to develop an application with access to public services and pension funds.