Banks

Next year profit of Russian banks will completely decrease by 2 times due to overdue loans of debtors and low interest rates on loans.

This agreement lasted only about two or three months and was terminated on September 4.

The name of the bank is not indicated, as well as the amount of funds that could have passed through the account.

On October 9, 2020, the Bank of Russia revoked the license for banking operations from Maysky Bank (town of Maysky, Kabardino-Balkar Republic) and Prokhladny Bank (town of Prokhladny, Kabardino-Balkarian Republic).

This happens if transactions are made in US dollars and are marked as suspicious by an American intermediary bank, the RBC agency clarified.

The allocation for the Pandemic Emergency Purchase Programme also remained the same.

Boyden Gray stressed that financial institutions are actually boycotting the oil and gas sector.

Sberbank is launching a new system of payment services, SberPay, which allows you to pay for purchases online and in regular stores

It is noted that large banks will be required to suspend the repurchase of shares and limit the payment of dividends to the current level for payments in the third quarter.

Russian banks are not going to introduce new fees for domestic money transfers for individuals.

Banks may lose more than 10 billion rubles due to the Central Bank restrictions.

Investment company LetterOne sold its stake in Uber for $ 173 million

According to the estimates of Frank RG and DOM.RF, the driver of the growth in the issuance in May 2020 was the program of preferential mortgages for new buildings at 6.5% per annum

According to the Central Bank, the total volume of transactions using plastic cards in the I quarter amounted to 23 trillion rubles

Former top managers of Tinkoff Bank launched the Vivid Money service - a mobile application and a card - with which you can open accounts, make payments and transfers, and invest in stocks