According to the head of Sberbank, the issue of unclaimed deposits already regulated by law. Earlier in the state Duma suggested to transfer unclaimed deposits from banks to the Russian budget
(Photo: Denis Tyrin / TASS)
The head of Sberbank German Gref commented on the proposal to transfer to the Russian budget unclaimed deposits from banks. The idea before was expressed by the head of the Duma Committee on financial market Anatoly Aksakov.
Gref noted that there are already existing rules of law regarding what happens to unclaimed property. The head of Sberbank reminded that these issues are regulated by the Civil code. “I’m afraid that it would not reinvent the Bicycle just <…> Is the concept of “ownerless” property — a certain number of years the property must be without the owners, the law determines its subsequent track”, — quotes the words of Gref “RIA Novosti”. “I don’t think I need something new to invent, had it all my life”, he added.
The notion of “ownerless objects” set out in article 225 of the Civil code. According to law ownerless is the thing that “has no owner or whose owner is unknown”. If the owner of the thing cannot be found in the course of the year, it can take in property of the municipal authorities, where it is found or object is located, as stated in the law. For the registration of ownership, should the court decision.
The head of Sberbank said that the Chairman of the Board Alexander Torbakhov decided to leave the company. The new curator of the block “Retail business” will be Svetlana Kirsanova
(Photo: Mikhail Voskresensky / RIA Novosti)
The Deputy Chairman of Sberbank Alexander Torbakhov will leave the credit organization, which oversees the block “Retail business”, said the head of the Bank Herman Gref. According to him, the successor Torbakhov will be Svetlana Kirsanova, currently holds in the savings Bank as Director of the division of “Acquiring and credit cards”.
“Svetlana Kirsanova was approved today as the head of retail banking and Deputy Chairman of the Board. As the Deputy Chairman of the management Board she will be able to take office December 1 following approval of her appointment by the Central Bank,” said Gref.
Speaking about the reasons for leaving Torbahov, Gref said that he decided to change occupation, as was the position of curator for the retail business of the savings Bank for eight years. “You cannot work, perhaps all life on one place,” he added.
Insurance company “Kapital life” lost in the quarter two position in the ranking of life insurers by premium collection and has been outside the top three. The main reason is the loss of sales channels due to a conflict with the “FC Opening”
(Photo: Alexander vilf / RIA Novosti)
The insurance company Yevgeny Giner, changed in September 2018 with the “RGS-Life” to “Capital life”, for the first nine months of this year have left the three market leaders in life insurance, dropping to fifth place in the premium collection, from the preliminary data of the Russian Union of insurers (VSS) that was read by RBC.
Previous year “RGS-Life” finished as the second-largest company on the market following the “daughter” of Sberbank, “Sberbank life Insurance”, but in the first quarter began to lose position — its sales fell, while other players grew at a double-digit pace. Soon the company Giner missed a forward party of another financial group “Alfa insurance-Life”. For the first half of the company Giner managed to retain third position, but for the third quarter overtook her “Renaissance life” and “VTB life Insurance”.
Charges of “Capital life” for the first nine months amounted to 22.6 billion rubles, while during the same period last year they were almost two times higher — 42 billion rubles., the Rate of decline awards “Capital life” increase from quarter to quarter in the first quarter, the decrease was 17.1% in the first half — 40% for three quarters — almost 54%.
Yesterday in Kuala Lumpur announced plans to achieve full compensation payments to the American Bank for the organization of transactions with state Fund 1MDB. “Obviously, we were deceived,” — said the Prime Minister
(Photo: Yam G-Jun / AP)
After the deals the state investment Fund 1 Malaysia Development Berhad (1MDB) with Goldman Sachs Group Inc. Malaysia was “deceived” by American bankers, said in an interview with CNBC News Prime Minister Mahathir Mohamad.
American investment Bank is under scrutiny from Supervisory authorities due to the possible role of facilitating the embezzlement of funds through 1MDB. Associated with this organization in the case of alleged money laundering and bribery is being investigated in at least six countries, including Singapore, Switzerland and the United States.
Earlier in November, the U.S. Department of justice filed criminal charges on the production of two former bankers at Goldman Sachs. One of them, Tim Leissner, pleaded guilty to conspiracy to commit money laundering and violations of us law on corruption abroad.
The owner of Getin Noble Bank sa, one of the largest private banks in Poland, said the head of the financial inspection invited him to work with his lawyer and promised to support in exchange for 1% of the market capitalization of the Bank
Photo: Jaap Arriens / NurPhoto / Getty Images
The owner of one of the largest private Polish banks Getin Noble Bank Leszek Czarnecki accused the head of the financial supervision of the country (KNF) Marek Janovskeho in a multimillion-dollar extortion of bribes. Write about this newspaper Financial Times (FT) and Wyborcza.
Czarnecki in a statement prepared for the Polish Prosecutor (FT), argues that the head of the financial Supervisory authority, Poland, during a private meeting held on 28 March at his office, the Bank has offered to hire a specific lawyer and pay him 1% of market capitalization in exchange for “support and approval of the restructuring procedure of the Bank, including ensuring the protection of the KNF”.
According to the FT, 1% of the market capitalization of Getin Noble Bank in the day when a private Bank has received the offer, was about 13.6 million PLN, or $3.6 million, Gazeta Wyborcza believes that approximately 40 million PLN, or $10.4 million
The Bank of Japan became the first among the regulators of the countries “Big seven”, whose assets are valued higher than the whole economy. The difference between the figures is $7.7 billion
Photo: Kim Kyung-Hoon / Reuters
According to the latest figures from the Central Bank of Japan the regulator has assets totaling ¥553,5922 trillion (about $4,8507 trillion). An appropriate message posted on the website of the Japanese Central Bank. This amount, as indicated by Reuters, the country’s GDP, which, according to the latest available at this time information — April—June, amounted to ¥552,8207 trillion ($4,843 trillion). GDP data for July—September, reflecting the situation after natural disasters, are expected on Wednesday, November 14, says the Agency.
However, at the moment, the Central Bank of Japan, as stressed by Reuters, was the first regulator of the countries “Big seven”, whose assets are valued higher than the whole economy of the country he is trying to stimulate. First state GDP only exceeded the value of the assets of the Swiss national Bank, reminds Reuters.
For information on November, the assets of the Japanese Central Bank, as noted by the Agency, also exceed the combined GDP of the five emerging markets — Turkey, Argentina, South Africa, India and Indonesia. In addition, the assets of Japanese Bank more than five times greater than the cost of the most expensive in the world — Apple Inc.
Central Bank for the first time revealed data about which sectors of the Russian economy are major clients of the shadow financial market. Third is accounted for by construction and wholesale and retail trade, and another quarter the services sector
Photo: Ilya Pitalev / RIA Novosti
The Central Bank revealedwhich sectors of the Russian economy create the demand for shadow financial services.
For the first half of 2018 in the lead among consumers of the shadow services, was the construction industry with a share of 30% and wholesale and retail trade with a share of 33%. The bulk of demand in the trade forms the sector of construction and industrial products (20% of total demand), trade in consumer goods accounts for less than 13%. A tangible share of the services sector: services (other than logistics) — 21% of the market, logistic services — 6%.
The Bank of Russia requires credit institutions to inform about readiness for the removal of biometric data of citizens, writes “Kommersant”. While that targets banks do not reach
Photo: Eugene biyatov / RIA Novosti
The Central Bank of Russia conducts surveys of banks and their affiliates on the subject of ready to collection of biometric data, writes the newspaper “Kommersant” with reference to market participants.
Top Manager of one of regional banks, told the newspaper that the organization on Friday received from the Central Bank the letter with the requirement to report on the process of collecting biometrics. The newspaper’s source in the Bank of the top 20 said that branch managers of the Bank were invited to the office of the Central Bank to report on the implementation of the collection of biometrics.
“At the meeting with the regulator were representatives of several credit institutions operating in the region. And all asked the same questions: is there a fee, and if not, when will start and what is ready”, — told the newspaper source.
The process of outflow of funds from foreign currency deposits to Sberbank, which actively commenced in August, in October, stopped. According to Frank RG, foreign currency accounts of the population even grew a little
Photo: Igor Zarembo / RIA Novosti
The outflow of foreign exchange funds from the savings Bank stopped, moreover, in October recorded an inflow of funds of physical persons on foreign currency accounts and deposits, which amounted to $18.3 million this is evidenced by the calculations of the research company Frank RG, made on the basis of statements of the Bank.
The amount of currency on the accounts of individuals per month increased by 0.06%, to $32.5 billion
A significant outflow of funds from foreign currency deposits was recorded in August. Then the Russians during the month, withdrew from the foreign currency deposits of the Russian banks of $1.5 billion, of which $1.2 billion accounted for Sberbank. The press service of the Bank said thenthat the inflow or outflow of funds in the amount of $1 billion should be seen as the result of controlled evolution of the balance sheet.
The decline in foreign reserves, China was greater than analysts expected. Experts attribute what is happening with the depreciation of the yuan
Photo: Kim Kyung Hoon / Reuters
Against the backdrop of trade conflict with the U.S. Chinese foreign exchange reserves in October fell to 18-month low, according to, citing data from the Chinese Central Bank , Reuters. Stocks, according to the regulator, fell $from 33.93 billion to $3,053 trillion.
Such a fall, as noted by the Agency, was the biggest for the month of December 2016 (the previous high was set in September, then one month inventory decreased by $22,69 billion). Interviewed by Reuters, experts previously, as recalled by the Agency predicted the reduction of Chinese foreign exchange reserves in October, only $27 billion to $3,06 billion.
The incident, Chinese foreign exchange regulator has attributed the price adjustment to global assets, as well as the “consequences of assessment of currency”, caused by the growth of the dollar index by 2.1%.