Banks

Sberbank announces that David Rafalovsky will be appointed Senior Vice President, CTO of Sberbank Group and Co-Head of the Technology Block on February 1, 2018. Mr. Rafalovsky will report to Lev Khasis, First Deputy Chairman of Sberbank’s Executive Board.

Pursuant to the definitive agreement, Sberbank will subscribe for new shares in Yandex.Market for 30 billion rubles (approximately $500 million), valuing it at 60 billion rubles (approximately $1 billion) on a post-money basis, before taking into account any potential future synergies.

Completion of the transaction was approved by the Antimonopoly Committee of Ukraine, as well as the European Central Bank and the National Bank of Ukraine. 

ADB forecasts that economic expansion in developing Asia will accelerate to 6% in 2017 as stronger than expected exports and domestic consumption fuel growth.

Deutsche Bank has published its 2018 China economic outlook

Colombia will strengthen public surveillance and promote institutional transparency with support from an IDB loan.

ADB's Board of Directors has approved a $100 million loan to improve rural roads to promote more extensive agriculture and agribusiness development in five states of Nepal.

The EIB signed a financing agreement of EUR 250 million with Banque Misr to finance investments by small and medium-sized enterprises (SMEs) and midcaps in the manufacturing and services sectors to improve their competitiveness in Egypt.

ADB has approved $750,000 to Indonesia to provide knowledge support and technical assistance to study the impact of disruptive technologies on the Indonesia economy.

The European Investment Bank is to provide a loan of EUR 490 million to support construction of the new children’s hospital in Dublin. 

ADB is providing a $2 million grant to help reduce the Marshall Islands’ consumption of fossil fuels and increase renewable electricity generation in the country.

ADB has signed a loan to improve Sri Lanka’s shipyard industry, increase the country’s competitiveness, and spur greater regional cooperation.

The awards ceremony took place during the 5th ‘Made in Russia’ International Export Forum, held by the Russian Export Centre (REC Group).

Nordea has joined the we.trade consortium as founding partner. 

Talks between Russian bank VTB and China’s CEFC on a loan to the Chinese company seeking to buy a stake in Russian oil company Rosneft are ongoing, VTB Chief Executive Andrey Kostin told reporters.