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Open discussion
Dmitry Borodai analyst of Phoenix Capital investment company (Kiev, Ukraine), expects the share of problem credits to increase in portfolios of Ukrainian banks from 8.8% in November of 2009, up to 9.5–9.7% in December.
Reuters reports that the U.K. Payments Council has placed a resting date on the kingdom's use of checks, calling an end to a payment method that has been widely used in the United Kingdom for the last 300 years.
Sberbank of Russia has announced the tender among insurance companies for cooperation in the private insurance of bank’s customers. The bank would like to offer its clients new kinds of insurance, including insurance of deposits on the sum over 700,000 roubles, i.e. exceeding the deposit sum guaranteed by the State with accordance to the Federal Act № 177 “On the private deposit insurance in banks of the Russian Federation”.
Sberbank of Russia, Experian Company and Interfax Group has announced the foundation of the united credit bureau.
On December, 15, in the Moscow hotel Holliday Inn Sokolniky the first
“Cash-recycling Russia 2009” Forum, organized by PLUS Journal, went
off.
By spring of 2010, Russian Post will equip each operating cash desk in all branches across the country with a postal cashier terminal.
On December, 9th, 2009, at its plenary session the State Duma of the Russian Federation has approved in the first reading the bill, introducing additional restrictions for banks to change some conditions of credit contracts with private customers unilaterally.
There were more than 450 million mobile Internet users worldwide in 2009, a number that is expected to more than double by the end of 2013.
According to Nikolay Melnikov, Deputy Head of the Federal Tax Service (FTS), FTS has suggested Sberbank of Russia to provide its customers with a “service of instant payment of taxes”. As he said, the bank could receive the information on due taxes of its customers who had concluded the agreement on automatic paying taxes off from the account.
As Denis Bugrov, Senior Vice–President of Sberbank, said on the conference call with mass–media on this Tuesday, that Sberbank intended to double the number of ATMs by 2015.
Now Russian citizens can get the information, whether they have tax due or not. Everyone can do it on his “Private page of the taxpayer“ on the website of the Federal Tax Service (FTS).
PricewaterhouseCoopers and Senteo have presented its third study of the Russian retail banking industry, ”Customer Experience Index – 2009: How Russian retail banks overcome the financial storm?”
The governmental experiment on uniting the student ID card and the payment card, held in Ukraine will be finished at the end of 2010.
Department for Radio Electronics Industry of the Ministry of Industry and Trade of Russia has held a meeting which is called “Results and prospects of electronic components base developing and manufacturing in Russia” at Mikron factory, the head part of SITRONICS Microelectronics business division.
On December 2, 2009, Dmitry Medvedev, the President of the Russian Federation, has signed the Federal Act “On modification of the Federal Act “On activity of payment agents in accepting private payments” and the Federal Act “On modification of some particular enactments of the Russian Federation in connection with acceptance of the Federal Act “On activity of payment agents in accepting private payments.”
Bashkirov & Partners research company has hold a poll to found out, how confidence level of Russians to the banking system has changed.
The greatest part of all bank cards, issued on the market of Armenia, are salary cards, which percentage of non-cash operations, made in merchants, is rather insignificant. According to Beniamin Tadevosyan, Head of IT and Automation department of Ameriabank (Yerevan, Armenia), cardholders simply are not motivated to pay by cards for goods and services.
On November 20, 2009, the State Duma of the Russian Federation has approved the bill of modification of the Federal Act “On the personal data” (excluding a requirement to use cryptographic protection facilities for the personal data and extending the term within which the information personal data systems created before it should be adjusted in accordance with the requirements of the Act) in the first reading.
According to Timur Lakhonin, Chief of the National central bureau of the Interpol (NCB of the Interpol) under the Ministry of the Interior of the Russian Federation, the Ministry is ready to co-operate with the Europol in such spheres as counteraction to illegally acquired assets laundering and combating payment card fraud.
According to the Bank of Russia, during the third quarter of 2009, the volume of private bank cards issued has been reduced by 19,300 pieces – up to 121.359 million cards (as of October 1).
According to Arthur Parfenchikov, Director of the Federal Bailiff Service (FBS), in Russia special terminals will be established, which help the debtor not only to pay out his debts, but also to get info about his debts online.
Anatoly Aksakov, President of Association of Regional Banks of Russia, has introduced the amendment in the Criminal Code, called to protect the turnover of bank cards in Russia from swindlers, in the State Duma of the Russian Federation.
On November 16, 2009, two committies of Association "Russia"’– the Committee on development of settlement-payment system and the Committee on bank information technology, held a common meeting, devoted to discussion of the bill “On the national payment system”.
Russian government develops amendments to the legislation according to which Russian banks will be obliged to return its clients all money stolen by swindlers from their cards before its blocking, including, by cash withdrawal in ATM.
According to Ivan Pischik, Chief of Central Department of IT of National bank of the Republic of Belarus (NBRB), BelCard payment system will start dominating in the country by 2011, when the number of cards issued increase from 1.1 million to 4 million.
Recon Int. Publishing House announces a current issue of its annual bilingual (Russian-English) Directory PLUS–Eurasia Buyers Guide 2009–2010.
Russian President in his Message to the Federal Assembly for the first time has touched upon the issue of bank cards.
According to the National bank of Ukraine (NBU), from January till September, 2009, the number of active payment cards (on which at least one operation for a year was made) on the market of the country has reduced by 23% – up to 29.5472 million pieces.
On November 6, 2009, the State Duma of the Russian Federation at session has approved the bill providing a possibility to repay a loan, issued for interest, in advance not asking for bank’s permission, in the first reading. Amendments are brought in the second part of 810 article of the Civil code of the Russian Federation.
Sberbank of Russia has started the 1st stage of the pilot project “DUET technology replacement” to approbate a new technology of EMV standard for United Russian Payment System (URPS).
Since summer of 2009 the Ministry of Communications and Mass Media of the Russian Federation has received from Roskomnadzor, various associations and telecoms operators more than 160 proposals considering the Act “On the personal data”.
The Ministry of Economy of Ukraine has prepared the draft of the Decree of the Cabinet of Ukraine “Issues of merchants’ transfer on using special payment devices for making transactions for the sold goods (or rendered services)”.
MasterCard Europe today announced its third-quarter 2009 operating results for the Europe region. European consumers continued to use their MasterCard-branded cards during the quarter, with purchase transactions up 5.2% compared to the same period in 2008 – continuing the increased trend toward electronic payments in the region.
On August 6, 2009, Act “On the order of equipment and application of payment terminals for making payments’, developed by the Central Bank of Uzbekistan together with the State Tax Committee of the Republic of Uzbekistan, has come into force.
NCR to provide at least 1,200 automated teller machines with cash-recycling functionality, the most extensive deployment of cash-recycling ATMs in Europe.
On October 1, 2009, the number of publicly accessible АТМs of Sberbank of Russia has totaled 19,962 machines, as against of 16,360 АТМs on January 1, 2009.
According to the Central Bank of Azerbaijan (CBA), on October 1, 2009, Azerbaijan banks have issued credits on the sum of 7.5 billion manats ($9.5 billion) that is by 150.9 million manats ($189 million) as much as it was on September 1, 2009.
As attacks against automated teller machines (ATMs) and customer transaction data become increasingly sophisticated, effectively authenticating all users at the self-service channel is growing more critical by the day for financial institutions.
Azerbaijan and Turkey are to create their own online money transfer system and propose the Economic Cooperation Organization’s (ECO) member states to join it. At present, the system is being tested.
Third quarter diluted EPS from continuing operations attributable to common shareholders of $0.54 decreased 27% versus $0.74 last year. Total revenues net of interest expense decreased 16%. Return on average common equity (“ROCE”) was 10.4% and return on average tangible common equity (“ROTCE”), which excludes goodwill and intangibles, was 13.5%.
Obschestvennoe Mnenie Foundation (The “Public Opinion” Foudaition) has published its research, held among e-cash users in Russian Internet and paid services, on which e-cash is the most widespread form of payment.
Kiev city administration has defined potential investors for the Social card of Kiev inhabitant project, including such companies as Universal information technologies and BМ Bank.
As Sergey Sazanov, Deputy director of the Federal Bailiff Service of Russia (FBS), said, that in Russia it is necessary to allow tax debt collecting out of court.
Master Bank has started using 3D Secure technology in its MasterCard and Visa cards servicing.
By the results of the poll, research holding Romir held, 48% of Russians have no savings. The other half of Russians (52%) manages to save some money.
Rosbank has started issuing bank cards with a function of non-cash trip payment in the Moscow Metro. Within the frameworks of this project clients are offered MasterCard Gold, Standard or Maestro cards.
URALSIB Bank and Aeroflot – Russian airlines have signed the partnership agreement on issuing co-branding URALSIB Bank MasterCard cards related to the Aeroflot Bonus program.
The National Bank of Ukraine (NBU) recommends banks to establish video surveillance in all structural divisions. It is told in NBU’s letter from October 7, 2009.
Oberthur Technologies, the world's second largest provider of smart card based solutions announces the successful completion of MasterCard CAST certification (Compliance Assessment & Security Testing program) for its Flash memory based payment card.
According to Nina Gavrilova, Deputy Minister of Communications and Informatization of Belarus, Belpochta implements systems of remote payment for services with use of mobile and bank cards.
The Bank of Russia has prepared a security card use guide for cardholders, which is published in “The Bulletin of the Bank of Russia”, dated October 7, 2009.
Northern bank of Sberbank of Russia has opened two automated self-service bank mini-offices of 24x7 access in Yaroslavl (in Dzerzhinsky district). Northern bank is the first bank in the system of Sberbank of Russia, which has bought and established such offices.
At the end of September 2009, Znak Company (Ukraine), a member of EDAPS Consortium, has successfully passed Visa Inc. audit.
According to the regular report of the Federal State Statistics Service (Rosstat), during January – July of 2009, deposits and other private borrowed funds in Russian banks increased almost by 12 percent – from 5.907 trillion to 6.614 trillion roubles.
Slogans of the largest Russian banks do not arouse any trust among 30 percent of their potential customers. These are the results of the poll held by Credcard.ru, in which 1006 web-portal visitors have taken part.
Coming into force of the requirement of the law on obligatory cash register installation into payment terminals is suggested to postpone for one more year.
“А1: the First alternative content-provider” has announced the results of its research study on SMS payments in the Russian Federation.
Russian Europay Members’ Association, uniting 119 Russian credit organizations – MasterCard payment system members – has announced its joining of PCI Security Standards Council. As a member of the Council the Association will take part in developing PCI DSS data security standards and other payment card–related standards.
On September, 29, 2009 the board of directors of the Bank of Russia has made a decision to decrease the official bank rate by 0.5 percent to 10 percent since September, 30, 2009.
Against the reduction of number of offices in total, Russian banks open new offices for service VIP–clients servicing. At least 7 large banks have already increased the number of VIP–offices or plans to do it till the end of 2009.
JSC SITRONICS (SITRONICS or the “Group”) (LSE:SITR), a leading provider of telecommunications, information technology and microelectronic solutions in Russia and the CIS, with a growing presence in other EEMEA emerging markets, today announced that its subsidiary SITRONICS Smart Technologies (SST) has won a tender to deliver Visa and MasterCard chip bank cards during a three year period for Sberbank of Russia, which is the largest bank in Russia and the CIS.
According to Committee on payment systems and banking tools of the National Association of Electronic Commerce Members (NAUET), in the first half of 2009 the turnover of the instant payments market has totaled 299 billion roubles, and that is by 19 percent more than at the same period of 2008.
As of September, 1, 2009, Sberbank of Russia has issued over 35.4 million cards, and
from the beginning of the year its issue has increased by 5 million cards (16.4
percent).
According to central administration of the payment system of the National bank of Belarus, local banks should provide a step-by-step transition to use of BelKart cards for salary projects in state-financed organizations and state enterprises till the end of 2010.
According to the National Bank of Ukraine (NBU), in August, 2009, the volume of private deposits has increased by 1.3 percent (from the beginning of the year this indicator has reduced by 5.4 percent) and has totaled 203.9 billion grivnas (or about $39 million).
According to Alexey Simanovsky, director of Banking Regulation and Supervision Department of the Bank of Russia, the Central Bank will continue decreasing rates in case of the further delay of inflation.
According to participants of the meeting in the Ministry of Economic Development of Russia devoted to cooperation with Russian Post, using opportunities of Russian Post will enable to accelerate considerable expansion of a network of the multipurpose centers for governmental and municipal services throughout the Russian Federation and will save some budgetary funds.
According to the Bank of Russia, in July, 2009, the volume of personal credits issued by Russian banks was reduced by 0.4 percent, from the beginning of 2009 the portfolio has decreased by 8.3 percent. Thus on August, 1, we’ve seen a negative dynamics for the 12 months before the reporting date, – a 1.5 percent decrease. And it’s the first time for the last 1.5 years. At the same period of 2008 the gain was 25.8 percent.
As Michael Sukhov, a representative of the Central Bank of the Russia, has declared, on August, 1, 2009, a share of the delinquent loans has grown to 5.4 percent of the total credit portfolio of Russian banks.
On August, 26, 2009, at the head office of Sberbank of Russia (Moscow) Jury Golovin, head of the department on managing “Housing and communal services” project gave a briefing on Sberbank’s project – “Social card throughout the country”.
Since July, 2009, the Bank of Russia has joined the Committee on Payment and Settlement Systems (CPSS) of the Bank for International Settlements.
On August, 24, Dmitry Medvedev, the President of Russia, has declared that, in his opinion, banks are quite capable even now to issue mortgage credits at 14 percent. The President has noticed that we could return to the pre-depression level for the next 2–3 years. Thus, he has declared, a "good enough" mortgage rate is not more than 6–7 percent.
In the near future all Russian airlines will be obliged at drawing up electronic tickets to give the information only in Russian.
In the middle of August, 2009, TransCreditBank starts rendering a service of cash withdrawing to China UnionPay (CUP) cardholders.
Federal payment system "Gorod" ("City") and Department of Federal Tax Service of Novosibirsk region have offered inhabitants of Novosibirsk a new service – informing of tax liability for transport and land taxes as well as individual property tax.
On August, 7, 2009, the board of directors of the Bank of Russia has made a decision to decrease the official bank rate by 0.25 percent to 10.75 percent since August, 10, 2009.
“The National bank of the Republic of Belarus (NBRB) does not expect bankruptcies in the country banking system in the near future”, - said Pavel Kallaur, the first deputy of chairman of the board of NBRB.
The Federal Antimonopoly Service (FAS) has informed about receiving the application for purchasing 50 percent of voting shares of "Experian-Interfax" credit bureau from Sberbank of Russia.
Bank of Moscow has implemented the project for acquiring China UnionPay (CUP) cards. Now CUP cardholders can get cash in all АТМs of the bank. These cards have limits for а single cash withdrawal — 10,000 roubles (300 US dollars), but no additional commission for it.
Peter Prokopovich, the chairman of the Board of the National bank of the Republic of Belarus (NBRB) has declared at its press-conference in Minsk, that NBRB intends to continue dedollarizing the economy.
From the beginning of the economic crisis Ukrainian banks have increased the cost of secondary housing mortgage loans for individuals. Analytical resource Maanimo.com has conducted a research for 101 banks.
Priorbank and Moscow-Minsk bank (Minsk, Belarus) have announced their termination of debit transactions conducting with credit cards in foreign currency, since July, 28, 2009.
July, 17-20, 2009 analytical centre of Yury Levada (Levada Center) conducted а representative poll “Have you a bank card? Are you going to get it, if you haven’t had it yet?”
In June, 2009, the number of SIM cards, registered in Russia, has grown to 197 million. Now the mobile penetration in Russia as a whole is 138.7%, and in the license zone of Moscow – 191.8%.
As they say in the degree of the Board of the National bank of Belarus, in the country, banks stops issuing loans to individuals (except to individual businessmen) in foreign currency till January, 1, 2011.
The conquest has been announced on February, 4, 2009. On the second stage the list of conquers was as follows...
According to Sultan Tagaev the chairman of the National bank of the Chechen Republic, since January, 2010, in the Republic the electronic payments system will start functioning.
Local
divisions of Russian traffic police (GIBDD) will start issuing newdriving
licences since March, 1, 2011. The corresponding decree of the Ministry of Internal Affairs of the Russian Federation, confirmed in the Ministry of
Justice of the Russian
Federation, is published in “Rossiyskaya
gazeta”. You can find the full text of this document in the “Legislation, initiatives" section on the information
portal www.plusworld.ru.
The National bank of Belarus is preparing a new decree about rules for working with e-money. It creates the legal frameworks which is necessary for working of the national e-currencies exchanger in the country.
GUANGZHOU, China —
World Brand Lab has ranked GRG Banking Equipment Co. Ltd. among
the top 500 most valuable brands in China for 2009.
GUANGZHOU, China —
World Brand Lab has ranked GRG Banking Equipment Co. Ltd. among
the top 500 most valuable brands in China for 2009.
Khanty-Mansiysky bank offers recipients of the parent capital to transfer these lump-sum payments from Government, on their social card accounts.
Central Bank of the Russian Federation threatens to deprive of financing those banks which will continue increasing individuals’ deposit rates.
Bank of Russia’s Board of the directors decided to cut rates on some Bank’s operations
on July 10, 2009. With effect from July 13, 2009, Bank of Russia’s refinance
rate was reduced by 0.5 per cents and fixed as 11%.
According to
the Russian Federal State Statistics Service (Rosstat), individuals’ deposits
and other funds attracted to the Russian banks within 5 months from the
beginning of 2009 grew by 6.6% and reached RUR 6.295 trillion.
Moscow Town Hall informed that payment terminals in the Russian capital will be installed only according to the specially developed schedules.
Recently unauthorized access to card accounts became more frequent, and cards’ insurance is becoming popular service.
By the results of May, 2009, growth of overdue debt in top-30 Russian banks reduced in several times, and four financial institutions even demonstrated decrease of corporate clients’ loan overdue.
Since June 22, 2009, ATMs of 14 banks-members of United payment system NCC|UC start to accept China UnionPay cards. Now holders of China UnionPay cards can withdraw cash at more than 800 ATMs of these financial institutions.
According to Central Bank of the Russian Federation, the total number of active financial institutions in Russia reduced from 1,108 to 1,087 since January to May, 2009.
Ministry of Finance’s working group, also consisting of Bank of Russia’s representatives, elaborated a bill about creation of national payment system based on banking cards.
In the latest edition of its 2009 survey, "ATMs and Cash Dispensers Central and Eastern Europe," Retail Banking Research Ltd. says the 15 countries it has tracked in CEE have once again shown exceptional growth.
According to Bank of Russia, the number of Russian financial institutions issuing and acquiring banking cards in the Russian Federation totaled 704 on June 5, 2009.
Dmitry Medvedev, President of Russia, made a stand against creation of a “bad bank” dealing in “toxic” assets.
Individuals’ deposits and other borrowed funds at Russian banks increased by 4.9% in Q1, 2009, and grew from RUR5.907 trillion as at January 1, 2009, to RUR6.197 trillion as at April 1, 2009.
According to Central Bank of the Russian Federation, turnover of individuals’ cross-border
transactions in Russia grew by 30% to USD51.9 billion in 2008.
The External and Public Relations Department of the Bank of Russia informs that the
volume of the international reserves of the Russian Federation amounted to USD399.9 billion as at May 22, 2009 against USD391.3 billion as at May 15, 2009.
According to Central Bank of the Russian Federation, there was USD1.76 billion transferred via all money transfer systems including Russian Post to “The Big Three”of CIS Countries ( Uzbekistan, Tajikistan and Ukraine) in Q4, 2008, what is 30% less than in Q3, 2009.
President Barack Obama has signed into law extensive new restrictions
on the ability of US credit card companies to charge fees or raise
interest rates.
The main share of Russian banking sector’s total assets falls at state-controlled banks (40.6%) and large private banks (34.6%) on January, 1, 2009.
According to aggregative balance sheet, profit of 30 largest Russian banks totaled RUR949.181 billion (including financial results of the previous year) on April, 1, 2009. Among them profit in 2009 amounted to RUR39.683 billion.
The National Agency for Financial Studies (NAFI) announced ratings of Russian banks’ publicity (spontaneous awareness) and awareness (prompted awareness).
Turnover of cards issued by Russian banks totaled RUR2.069 trillion in Q1, 2009.
National Bank of Ukraine (NBU) announced the main trend of payment systems’ development in the country.
The bill introduced to State Duma, which forbids banks to ratchet upward interest rates for already granted credits, Russian government found non-market one. Currently financial institution has a right to change cost of loan if it is prescribed in bank’s agreement with
borrower.
A cyber-crime battle has broken out across business networks nationwide, and it's not just enterprises in the line of fire. A study by Verizon Communications released in April found that one third of all 2008 data breaches came at the expense of businesses with 100 employees or less.
One of the results of a seminar organized by INPAS International in Budapest, Hungary, came out an arrangement between OTP bank, MasterCard and INPAS International to start a pilot project on contactless payments in Hungary.
Ukrainian banks reduced total volume of granted credits both for individuals and corporate clients. The main reason of negative dynamics is absence of trust to the government.
Central Bank of the Russian Federation reports that money supply M2 (national definition), without regard to deposits in foreign currency,in Russia reduced by 10.2% in Q1, 2009, from RUR13.493 trillion on January, 1, 2009, to RUR12.111 trillion on April, 1, 2009.
Reduction of retail crediting volumes of Russian banks continued in March, 2009. Calculations took into account 32 Russian financial institutions among 50 largest banks of
the country, including Sberbank of the Russian Federation.
In frameworks of united conference “Russian Internet Forum + Conference “Internet and Business” which was held from 22 to 24 of April, 2009, a section “E-Travel: specifics
of tourist products’ and tickets’ sales in Russia” took place. Organizers of the section were international processing company ChronoPay and project OZON-Travel.
Rory MacFarquhar, analyst of Goldman Sachs in Moscow, called Bank of Russia’s decision about cutting base refinance rate (see Bank of Russia Cuts Refinance Rate from 13% to 12.5%) “unpleasant episode which chases away any appearance of Russian Central Bank’s independence”.
The National Agency for Financial Studies (NAFI) announced results of the research about
Russians’ summing-up of the current situation for housing purchasing and estimates of housing prices’ dynamics and mortgage rates. 1600 respondents in 140 inhabited localities of 42 Russian regions took part in the research.
Bank of Russia’s board of the directors decided to reduce rates on some Bank’s operations. With effect from April, 24, 2009, refinance rate of Bank of Russia was fixed as 12.5%.
Vladimir Putin, Russian Prime Minister, spoke to the delegates of All-Russia Forum for Small and Medium Business.
Profi Online Research announced results of the research conducted jointly with
Qualitel Data Services in the largest Russian cities on February, 2009.
According to Polish research company PMR, the volume of Russian IТ market which is the largest in Central and Eastern Europe will reduce by 14.2% in 2009 compared with 2008 and dropped to RUR462.3 billion.
According to Russian Deposit Insurance Agency (DIA), Russian banks got out of rouble
devaluation about RUR800 or RUR900 billion from November, 2008, to January, 2009.
German Gref, Chairman of the Board of Sberbank of Russia, supposes that the peak of crisis
is behind. “Currently there won’t be growth stage, but there will be certain stabilization which we can see during March and April”, – Mr. Gref said.
According to J&P Consulting research, total volume of Russian market of digital content will double from USD2.5 billion in 2008 to USD5 billion in 2011.
According to Moscow Mayor Yury Luzhkov, Moscovite’s Social Card could be used as driving license in future. Moscow Mayor said that corresponding agreement exists already.
According to Speaker of Russian State Duma Boris Gryzlov, State Duma Council will make decision on the bill “About Payment Agents Activity of Consumer Payments Acceptance” declined by the Federation Council during a week.
Russian banks in fact stopped granting mortgage loans. According to Bank of Russia, financial institutions granted only RUR8.5 billion of mortgage credits to the population in February, 2009.
According to the President of Association of Russian Banks (ARB) Gagerin Tosunyan, Russian banking community will insist on reducing of refinance rate to increase
credits’ availability.
Russian senators declined the bill “About Payment Agents Activity of Consumer Payments Acceptance” on April, 1, 2009.
It emerged that the law About Electronic Digital Signature passed in 2002 contravenes the Russian legislation and international practice.
Vladimir Putin, Prime Minister of the Russian Federation offered to consider a
possibility of “building-and-loan associations” creation.
Ministry of Finance of the Russian Federation expects the second wave of problems in financial system connected with credit defaults in real economic.
Ministry of Economic Development and Trade of the Russian Federation considers that it’s necessary to work out legal mechanisms, which allow restructuring
debts of consumers who have no opportunity to repay credits by reason of salary
or part of income lost.
National Association of Electronic Commerce Members (NAUET) prepared list of required information, which must be included in receipt, generated and printed by electronic payment terminal as a result of payment transaction, and payment terminal’s interface.
The President of Kazakhstan, Nursultan Nazarbayev offered to introduce the commoncurrency 'euraz' for Eurasian Economic Community countries. He supposes that this currency rate would not depend on world currency fluctuations.
Press conference dedicated to presentation of National Association of Electronic Commerce Members’ (NAUET) report “Situation in electronic commerce in Russia in 2008” was held in Moscow.
According to Vice-president of Association of Russian Banks (ARB) Anatoly Miljukov, the total volume non repayment of credits increased by 50% – 60% in 2008.
On March, 3, 2009, Gala Night devoted to 40th anniversary of Russian payment card industry (40th anniversary of the first banking cards’ appearance in the USSR and then in Russia) was held in President Hotel Moscow.
Member of the board of directors of VTB Capital and former Chairman of Central Bankof Russia Sergey Dubinin supposes that it’s necessary to create a specialized fund to buy up troubled assets.
According to the Prosecutor-General's Office of Russian Federation, rough law violation in collector agencies activity became more frequent in the regions of Russia.
According to J'son & Partners, the quantity of SIM cards that were registered in Russia grown to 189.9 million in January, 2009.
Ministry of Finance of the Russian Federation estimates non repayment of credit for thirty largest Russian banks as 10% of the total credit portfolio volume in 2009.
Central Bank of Russia reported that in Q4 2008 the total volume of transactions reduced by almost 4% to RUR214.8 billion compared with Q3 2008, and the number of transactions increased by 2.7%.
According to Central bank of the Russian Federation, the total number of potentially problem Russian banks recently increased three times and exceeded 150.
According to results of “Levada Analytical Center” (“Levada-Center”) survey, 58% Russians don’t have and don’t intend to set up bank account, and 50% Russians are not interestedto get and use banking card.
Banks gained about RUR10 billion from fines for credit delinquency in 2008. Home Credit and Finance Bank (HCF Bank) got most of all – RUR2.43 billion, Sberbank, Russian Standard Bank and VTB – RUR2 billion each, VTB24 – RUR703 million.
Experts of Interstate Statistical Committee of the CIS came to conclusion, that the least influence of the global financial crisis is in Azerbaijan compared to all CIS countries.
In spite of the fact that cost of new offices opening significantly reduced, Russian banks which extensively developed networks in 2008, begin to wind down retail business.
According to National Bank of Ukraine (NBU), first time during last 7 years the total number of active payment cards reduced by 2.586 mln while the number of consumers using banking cards grew by 1.509 mln in 2008.
NXP, the independent semiconductor company founded by Philips, today announced that the Moscow underground is the world’s first public transport system to run a 100% contactless automatic fare collection (AFC) system based on MIFARE technology.
SBERBANK plans to transact 75% of payments distantly, using different remote channelsto 2014. Currently 5.6% Bank’s transactions conducted this way.
As the chairman of Central Bank of Russia Sergey Ignatev declared at the meeting on economic questions with Dmitry Medvedev, President of Russia, the situation in Russian banking sector in December, 2008 was stabilized.
Rosbank announced about ambitions Bank’s plans to create nationwide ATM network in Russia. This project started on autumn 2008, when Rosbank integrated its ATM network of over 1 500 devices, with Uniastrum Bank’s network of 670 ATMs.
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