Banks

Sberbank releases Financial Highlights for 1Q 2017 (under RAS; non-consolidated).

Credit Rating agency announced the results of the rating action taken on bank deposit ratings assigned earlier to Ukraine’s banks.

AK BARS Bank joined the syndicated loan for JSC Belagroprombank with EUR 10 mln. share . The facility agreement was signed on 22 March, 2017, total amount of the deal made up EUR 190 mln.

The People’s Republic of China (PRC) needs to accelerate structural reforms in order to boost productivity and sustain growth momentum, says a new ADB report.

Growth is picking up in two-thirds of economies in developing Asia, supported by higher external demand, rebounding global commodity prices, and domestic reforms, making the region the single largest contributor to global growth.

Economic growth in Kazakhstan is forecast to accelerate in 2017 reflecting continued fiscal spending to stimulate consumption and investment, and higher earnings from oil exports, says a new ADB report.

GDP growth of the Philippines will remain strong in 2017, driven mainly by public and private investment, says a new ADB report.

Easy, contactless mobile payments have arrived in Germany. From April 5, 2017, Deutsche Bank customers will now be able to use their smartphones to make purchases.

Vnesheconombank has moved forward with its Strategy 2021 in terms of investment activity: the Bank has developed a plan for the implementation of a new investment process and approved a new structure of the Bank's corporate investment unit (CIU).