By such measures, the credit institution was compelled to resort from-for problems with liquidity. The incident at the Bank associated with imposed on him by the Kiev court ban on alienation of assets
Photo: RIA Novosti
Subsidiary Bank financial group VTB in Ukraine (VTB Bank) introduced the Commission and the limit on cash withdrawals at their ATMs and branches. About it it is spoken in the message on the website of the credit organization.
To take such measures, as explained in the Bank, representatives of financial organizations “were forced” to resort, after Kyiv court of appeal in September imposed a ban on the alienation of all assets of three operating in Ukraine, banks with Russian state capital. Among them, in particular, was a Ukrainian “daughter” VTB, Sberbank and VEB. This, as considered in the court, should become the Russian Ukrainian companies compensation for lost after the referendum in the Crimea assets on the Peninsula.
“Today, as said in Ukrainian “daughter” VTB — team effort, the Bank aims to communicate its position and to defend the rightness in the face of Ukrainian Themis”. 17 Sep arrest stock subsidiary of the Russian credit organizations in the Republic appealed.
The government will give the right to the insurance companies by analogy with banks does not publicly disclose the ownership structure in the case that their beneficiaries came under sanctions
Photo: Vladimir Astapkovich / RIA Novosti
The government allowed insurance companies in respect of their shareholders, members, or participants sanctioned, not publicly disclose information about the composition and structure owners. About it it is spoken in published on 3 November.the resolution of the government on the Internet portal of legal information.
However, this measure can only be used provided that the shareholder is under sanctions, should have control of the insurer, or to own a significant part of it.
The insurer may decide how exactly to hide the data on the ownership structure: it can not reveal the composition of owners in General or to a limited extent, but the company shall provide to the Bank of Russia information about your decision.
The largest portion — over 30% per month — spend on maintenance of Bank loans employees of the Russian security companies figured out the experts of the National Bureau of credit histories
Photo: Svetlana Holowchuk / inter / TASS
National Bureau of credit histories (nbki) analyzed the debt burden on the Russians by industry. The results of the study are at the disposal of RBC.
Akreditavimo were employees of the security services, workers of transport and logistics, as well as those who are engaged in education, from the data of NCB.
So, security officers spend an average service credit of 32.7% of their income, workers in transport and logistics is 28.4%. Teachers give for this purpose 28% of their monthly income. Slightly behind the leaders caterers (27,1%).
Masuria has created a “safety cushion” in case of a hard scenario of U.S. sanctions, told the financial Director of the exchange. Were introduced in Congress to sanction a few projects, but before the election on 6 November they were frozen
Photo: Sergey Bobylev / TASS
Moscow exchange launched the stress tests in case of the hard version of the US sanctions, reports “RIA Novosti” with reference to financial Director of Masuri Maxim Lapin.
According to him, now Mobira awaiting the development of events and potentially ready for new sanctions against Russian companies. “There is a scenario in which the national clearing center (NCC) may reach significant liquidity from market participants, so it was in December 2014 — early 2015. The placement of clients ‘ funds means the pressure on capital,” — said Lapin.
According to him, due to the risk of sanctions at a meeting in September the Supervisory Board of the exchange, its members had to make a choice: “either to pay interim dividend or to retain funds in the National clearing center”.
The Bank “Agrosoyuz” was under sanctions in August this year. The Central Bank also revoked the license of the Bank of innovation and development. Both credit organizations suspected of violating the law on the suppression of the financing of terrorism
Photo: Alexander Artemenkov / TASS
The Central Bank announced the revocation of licenses for Bank of innovation and development and the Bank “Agrosoyuz“, follows from messages posted on the regulator’s website. In terms of assets in the banking system of the Russian financial institutions occupy the 286 and 198-th place.
During the inspection, the Central Bank established that at the box office CB “Agrosoyuz” is missing 1.3 billion. This amount is comparable with the size of the Bank’s equity capital, indicates the Central Bank. The main source of funding of “Agrosoyuz” was attracted by the Bank funds of the population, this proportion was more than 70% of Bank liabilities.
The management of “Agrosoyuz” prevented the regulator to carry out checks and provided cash documents with signs of tampering, emphasizes the Central Bank. In addition, the organization violated the laws in the field of counteraction of legalization of incomes, received by criminal way and financing of terrorism in terms of “completeness and accuracy submitted to the authorized body of information”, says CB.
In October, the volume of the resulting oil and gas revenues exceeded forecast at 12 billion rubles And in November the expected volume is more than 500 billion rubles, said the Department
Photo: Beawiharta / Reuters
The Ministry of Finance will receive from 8 November to 6 December on the purchase of foreign currency 525,8 billion roubles, is spoken in the message of Department. Daily the Finance Ministry plans to buy foreign currency in the amount of 25 billion rubles.
In the Ministry expect that in November the amount of additional budget revenues from oil and gas will be 513,8 billion rubles In October, the budget has received 12 billion RUB more oil revenues than expected, reads the message.
This is a new record for volume of purchase of currency. The previous one was installed a month ago and amounted to 475 billion rubles In September, the Department bought the currency on 427 billion.
VTB, bought a month ago, “Revival”, has announced an offer to the minorities. The price of a share — RUB 481,7 This means that VTB paid the former owners of 85% of shares of “Renaissance” of 9.7 billion rubles, and the Bank was estimated at 11.4 billion rubles., experts considered
Photo: Vladislav Shatilo / RBC
VTB Bank, one month after the closing of the transaction on purchase of 85% stake in Bank Vozrozhdenie Dmitry Ananiev, submitted an offer to the minority shareholders of “Revival” for the purchase of shares at a price 481,68 RUB apiece, it follows from the information on the website disclosure.
The Bank allocated to minority shareholders of “Revival” offer to repurchase the remaining 14,9999996% of the shares in accordance with the requirements of the law “On joint stock companies”. The deadline for making a mandatory offer is 70 days from receipt of the Bank “Revival” of the offer.
By law the valuation of shares should not be below the weighted average cost per share at the end of trading for the previous six months, reminiscent of the leading S&P analyst Catherine Marushkevich. The Bank also may not offer to redeem the shares for a price lower than that at which the Bank acquired a controlling stake. Given that the Bank’s shares over the past six months traded on the Moscow exchange in the range of 320-470 RUB per share, which is below the proposed price 481,68 RUB, we can conclude that this is the price VTB paid for the shares of Bank Vozrozhdenie.
The average maximum rate of the ten largest banks in October rose to the level of January 2018. Earlier, the Central Bank called the reduction of interest rates on deposits one reason for the outflow of funds from accounts of individuals
Photo: Ekaterina Kuzmina / RBC
The average maximum rate of Bank deposits in Russia peaked in January 2018, follows from the data of the Bank of Russia. For its calculations, the Bank uses data on interest rates of ten banks, attracting the largest volume of deposits of individuals (top 10).
So, if in the first decade of October the maximum interest rate on deposits in rubles in the top 10 was 6.8%, in the second and third decades of October this figure has reached to 7.01 and of 7.03%, respectively.
From the data of the Central Bank, it also follows that in the latest times higher than the 7% average maximum Bank rate was in January (from 7.2% in the first decade, of 7.07% at the end of the month). Its minimum, this figure reached at the end of may, it fell to 6.2%.
The court refused NPF “the Future” in a lawsuit on compensation of RUB 12.6 billion invested in the shares of the reorganized “FC Opening” and depreciated over its reorganization. The brunt of the loss in court will not the owners of the Fund, and its customers
Photo: Maxim Stulov / Vedomosti / TASS
The Moscow arbitration court has refused satisfaction of the claim of non-state pension Fund (NPF) “the Future”, which demanded that the Bank “trust” of 12.55 billion roubles, the correspondent of RBC from the courtroom.
According to the NPF, these funds were lost due to the fact that “trust” did not do him a mandatory offer to buy shares of the Fund in “FC Opening”, whose shares after the reorganization and revaluation of the Bank’s capital was impaired. The position of the Central Bank, which was represented at the meeting as third parties, coincided with the decision of the court.
NPF “the Future” owned 4.1% of the shares “Otkrytie”, which was invested pension savings — customers of the Fund. On the eve of entry to the Bank provisional administration of the trust and entities affiliated with him purchased 13,07% of the securities “FC Opening”, thus consolidating more than 75% of its shares. The plaintiff indicates that, according to the law “On joint stock companies”, “trust” was to send an offer to the minorities “Open”, but didn’t. “If it did, we would have sold”, — said the member of the Board of Directors of NPF “the Future” Dmitry mints in October last year.
The Central Bank began to struggle with small businesses, which incidentally are selling cash. Banks are advised to stop questionable transactions and check their legitimacy
Photo: Yegor Aleev / TASS
The Central Bank of Russia began to fight with the small businesses and micro-businesses, trading in the cash proceeds, the newspaper “Kommersant” with reference to participants of the banking market.
The regulator drew attention to the sale of cash this year, the newspaper said. In the may disclosure of the volumes and patterns of suspicious transactions, the Central Bank announcedthat the sale of cash accounts for 29% of transit operations of high risk. In just 2017, banks have conducted suspicious transactions to 422 billion roubles, 326 billion rubles of them are illegal cashing.
That cashing instead of banks, the company began to use the showrooms, shops and wholesale and retail markets, the Central Bank warned in early October, wrote “Vedomosti” , citing a letter to the regulator. The trend has changed towards small companies, confirmed “Kommersant” a source from the Bank included in the hundred largest. “The regulator indicates a bias tradesmen in cash in the sphere of small and micro business, involved in wholesale and retail trade, by distribution of amounts between multiple dealers”, the newspaper cites the words of the interlocutor.