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.