Banks

The EIB also confirmed plans to provide a record EUR 800m for renewable energy investment across India.

This support for investment to expand the second longest urban metro system in the country is the largest ever EIB loan in India and also the largest ever support for sustainable transport outside Europe.

Net interest income increased by 7.2% compared to 9M 2016 and came at RUB893 bn. Similarly to the previous several months, the increase was mainly due to the decrease in interest rates on clients` funds and the increase in the retail loan portfolio.

In the meeting dealing with the support of quantum information processing projects, the aspects of organising this interaction were discussed by VEB.

VEB and Russian major railway transport lease company Transholdleasing signed a facility agreement for about RUB 38 billion to so arrange for the investments to finance the purchase of the new underground carriages to be leased to the Moscow Metro under a lifecycle contract.

The transaction with IP-Only, the country’s biggest independent network provider, was made possible by the European Fund for Strategic Investments (EFSI). 

ADB has appointed Indu Bhushan as the new Director General for its East Asia Department (EARD).

The merger was completed on September 30, 2017, at which time AloStar was merged into State Bank.

The EIB is granting Raiffeisenlandesbank Niederösterreich-Wien AG (RLB NÖ-Wien) a global loan of up to EUR 50 million.

Mechel PAO (MOEX: MTLR; NYSE: MTL) reports about signing agreement with Vnesheconombank on a loan to Elgaugol OOO for a total of up to 190 million US dollars in order to refinance its obligations to Vnesheconombank.

Sberbank will be a strategic partner of FINFAIR – the Financial and Stock Exchange Services Fair, which will be held on September 30 and October 1 in the Museum of Moscow

In 1H 2017 AK BARS Bank reached net profit of RUB 3.4 bln., which is 16.7% higher YoY according to IFRS financial statements. 

ADB has agreed to finance additional power transmission network components with cofinancing from AIIB that will connect with an ADB-financed Green Energy Corridor and Grid Strengthening Project in India.

VTB Bank, the parent company of VTB Group, today publishes its unaudited consolidated IFRS results for August 2017 and the 8 months ended 31 August 2017.

ADB plans to raise its annual lending to India to a maximum of $4 billion to support the country to accelerate inclusive economic transformation toward upper middle-income status, as laid out in a new ADB CPS for 2018-2022.