The world’s Central banks have shown a four-year record of gold purchases

The world’s Central banks in the third quarter of this year purchased a record in 2015 the amount of gold — 148,4 tonnes RB 110.7 t occurred in two countries — Russia and Turkey

Photo: Alexander Ryumin / TASS

In the third quarter of 2018, the purchase of gold by Central banks in the world reached a record high in 2015 of values, with a large share of this record provided the actions of the Central Bank of Russia and Turkey, said in a research report the world gold Council (WGC).

In just the last three months the world’s Central banks purchased 148,4 t gold. That’s 22% more than in the same period last year (121,8 m), and high in 2015.

The largest buyer of gold was the Bank of Russia, which for the third quarter acquired of 92.2 tonnes of gold. The total value of its gold reserves, the Central Bank in September was estimated almost 2 thousand tons (about $77,26 billion). By November, the reserves of Russia exceeded 2 thousand tons, said the WGC. Thus, the share of the precious metal accounted for over 17% of total Russian reserves.

Alfa-Bank began to identify customers by the veins in the palm

Alfa-Bank first among Russian banks began to identify VIP customers for palm vein patterns. The savings Bank began to use this technology two years ago, but its use is limited to the payment of school Lunches

The flagship office of Alfa-Bank’s VIP clients

(Photo: press-service of Alfa-Bank)

Alfa-Bank from November 1 began to provide access to the safe Deposit box without the presence of a Bank employee: customers simply scan the special reader vein patterns of the palm, RBC reported in the press service of the Bank.

The service is not yet available in the flagship office to work with wealthy clients. The decision about scaling the technology in all 15 offices private banking will be made on the basis of operating experience of the Depositary in the flagship office, told RBC managing Director of “Private alpha” Catherine Mileeva. According to the results of startup services for wealthy clients and analyzing their experience, the Bank will be able to perform scaling of this technology in other services, she said. The cost of implementing technology in the Bank does not comment.

Technology infrared scan of the vein patterns of the palm was developed by company Fujitsu, said RBC in the company, “Rosengrens”, which is a supplier of technological solutions for “Private alpha”. Each vein is unique and does not change throughout life, so no need to change identification data, said there, adding that the vein scanning technology can be used with any banking self-service terminal, requiring identification of the client.

The Central Bank called the main reasons of fraud in the financial market

CB developed the concept of fraud in the financial market. Among the main reasons for unfair acts — the “peculiar mentality” of Russians, the inability to verify the counterparty and disadvantages of regulation

Photo: Alexey Zotov / TASS

The Bank of Russia has published the concept of fraud in the financial market. In it the regulator has listed the main causes of fraud and the standard of the scheme and proposed measures to combat fraud.

Prepared by the Central Bank concept for the insurance market, securities market, collective investment and trust management, and microfinance market. The fraud is by the regulator as broadly as possible, as any intentional act associated with cheating, breach of trust or omission in order to obtain benefits.

The Bank of Russia has established the short list of the main causes of fraud, which included five points:

Central Bank recorded a decline of mortgages in September

In September, banks issued mortgages less than in August. In 2018, the results declined in may — the month with a large number of output. Despite the growth, experts still do not change the predicted growth of housing loans at year-end

Photo: Anton novoderezhkin / TASS

According to the Central Bank, in September 2018, banks issued mortgage loans totaling 255,3 billion rubles. It is about 2% less than were issued for house purchase in August of this year 260,3 billion. Earlier, in 2018, the reduction in disbursements was observed only in may — the month with lots of holidays: then mortgage lending declined by 5.5% compared to the April level (loans of 250 billion rubles).

Lending in September has slowed despite the fact that the average rate on loans issued in that month, decreased to 9.41% — by 0.01 percentage points by August. Loans at the new rates, according to “the House.Of the Russian Federation” in September made up 9.11% (increased by 0.06 p. p.), and in the secondary housing of 9.54% (a decrease of 0.05 percentage points).

Despite the decline in lending in September, “the House.Of the Russian Federation” does not change its forecast for the year — 3 trillion rubles Is 50% more than in 2017. The forecast “Expert RA” more modest, the volume of disbursements will increase by about 35%, up 2.7–2.8 trillion rubles.

In the management of Alfa-Bank came two top managers of state-owned banks

Chief operating officer of Alfa-Bank is Maria Shevchenko Dmitry Frolov of the Belarusian “daughter” VTB. And the direction of “medium business” will be headed by former Deputy Chairman of the “RosCapital” Vladimir Voeykov

Dmitry Frolov

(Photo: vtb-bank.by)

Team new managing Director of Alfa-Bank Vladimir Vargashinskogo come two top managers of the state banks — Deputy Chairman of the Belarusian VTB Dmitry Frolov and former Deputy Chairman of the Bank “Russian capital” Vladimir Voeikov. About it told RBC two sources in the banking sector and was confirmed by the representative of Alfa-Bank.

A native of the Belarusian “daughter” of VTB Dmitry Frolov from November 1 to the position of chief operating officer of Alfa Bank, told RBC representative of Alfa-Bank. He will oversee the banking and manage the operational units of Alfa-Bank. Earlier this position was occupied by Maria Shevchenko, who worked at Alfa Bank in 2000, follows from the information on the website of the Bank, and now he’s leaving.

Vladimir Voeikov, who left “the Russian capital” in March 2018, will Alfa-Bank to be responsible for the development of “medium business”. He would come to work in alpha Bank next week, said the representative of the credit institution. Alfa-Bank decided to split the unit “small and medium business enterprise” for two separate, to concentrate on each segment separately, explained in the Bank. Head of unit Denis Osin will supervise the work with small businesses, and Voeykov — medium.

Shmakov said about the manipulation after Topilin wage increases

The head of Federation of independent trade unions believes that Rosstat gave information about an “unprecedented” wage growth through manipulation techniques

Mikhail Shmakov Maxim Topilin (left to right)

(Photo: Alexander Astafyev / TASS)

The growth of salaries of Russians, which said labor Minister Maxim Topilin, explains the “manipulation” of Rosstat, said the head of the Federation of independent trade unions of Russia (FNPR) Mikhail Shmakov.

“Rosstat convinced Maxim Anatolyevich Topilin that we have an unprecedented growth in the real salaries of 11%. It is not clear who and where it was found. Rosstat is found through manipulation of the methods,” — said Shmakov at the session of the FNPR General Council (quoted by “RIA Novosti”).

Topilin October 24, speaking in the Federation Council, saidthat wages in Russia grew by an “unprecedented rate” of 11% this year. He noted that a special role was played by the establishment of a minimum wage at subsistence level.

The Central Bank revoked the license of the St. Petersburg Bank of top 150

Licenses have lost the international Bank of St. Petersburg, occupied 116-e a place in the financial system of the country in terms of deposits. This is the second hour of the regulator’s decision banning the implementation of banking activities

Photo: Roman Pimenov / inter / TASS

The Central Bank revoked the license of the International Bank of St. Petersburg, said in a statement on the regulator’s website. A credit institution is the 116 th place in the Russian banking system and is a member of the Deposit insurance program.

The Bank’s problems had started because of the use of risky, in the opinion of the Central Bank, the business model, which on its balance sheet a significant amount of problem assets. Supervisory authorities demanded from the leadership of the organization to create adequate to the accepted risks of reserves, and fulfillment of this requirement revealed the complete loss of the Bank’s own funds.

During the year, the regulator has twice imposed on the International Bank of Saint-Petersburg measures of Supervisory influence, in particular applied restrictions on the use of the public money. The Bank has not taken any effective action to normalize its activities, entered the Bank.

Central Bank revoked the license of Moscow Bank

The regulator has banned the operations of the Moscow Inkarobank. He is a 340-th place in the banking system of the country

Photo: Eugene Reasonable / statements / TASS

The Central Bank from October 31 to revoke the license of Inkarobank — Moscow credit organizations, held at the beginning of October to total assets 340-th place in the Russian banking system. About it reports a press-service of the regulator.

The priority of the Bank was lending to individuals and legal entities at the expense of attracted funds of the population, which accounted for about 60% of the total balance. A large part of Bank-issued loans were of dubious quality, said the Bank of Russia.

“Proper assessment of credit risk by the supervisor’s request revealed a significant reduction in the size of own funds (capital) of the Bank (almost twice) and, as a consequence, the emergence of the grounds for implementing measures to prevent insolvency (bankruptcy) that has created real threat to interests of its creditors and depositors”, — is spoken in the message of the Central Bank.

Development coordinator: as the government prepares VEB to his new role

VEB will get a new name, new features, and about a trillion rubles from the budget in the next few years. The Corporation decapitalizing through the new mechanism approved by the capital and completely get rid of foreign debts

The Building Of Vnesheconombank

(Photo: Andrew Lubimov / RBC)

To prepare for Vnesheconombank as a key tool in the implementation of the may decree of Vladimir Putin to provide him with the status of coordinator of development institutions, Ministry of Finance has prepared two bills that make changes to the 28 Federal laws, including the law “On currency regulation and currency control”, “On customs regulation…” etc. These documents on 30 October approved a government Commission. The rest of the week the bills will be made to the state Duma, and until the end of November to accept, said the representative of the Bank.

After their adoption Vnesheconombank changes and acquire new functions. In addition, the Corporation 2024 will receive from the state 600 billion roubles on repayment of external debt. But if you include the capitalization of 300 billion rubles., which said the head of VEB’s Supervisory Board, Prime Minister Dmitry Medvedev, the amount of support the Corporation’s closer to 1 trillion rubles In the draft Federal budget for the next three years stipulates the allocation of VEB 200 billion rubles.

New features and name

Russian millionaires chose to remain in Russia less than a third of savings

Russian millionaires are kept in the banks in the country less than a third of their financial assets — $140 billion versus $315 billion abroad. Sanction threats do not lead to repatriation of funds and contribute to the creation of reserves abroad

Photo: Leonhard Foeger / Reuters

Wealthy Russians owning at least $1 million in financial assets (cash, deposits and securities, excluding the cost of real estate and business), kept in the Russian banks about 30% of their funds, the research company Frank RG, dedicated to the private banking segment in Russia. The total amount of financial assets experts Frank RG was estimated at $455 billion, of which Russia is $140 billion and $315 billion abroad.

The study was conducted from April to October 2018 based on the data of 11 Russian banks and their private banking divisions specializing in the provision of services to wealthy clients. It is about 27 thousand people.

At the end of 2017 Frank RG estimated amount of funds placed in the private banking segment was under the control of Russia’s banks, about 7 trillion rubles, or $112 billion By the end of the first half of 2018, this figure rose to 7.72 trillion and by the end of the year will grow by 22.3% in comparison year-on-year and reach of 8.67 trillion, predicts Frank RG.