Banks

Bank RBK has provided KASE with a copy of a Standard & Poor's report of December 21, 2016 and announces "the affirmation of a stable forecast on ratings of the Bank and credit rating at B-/C, and the national scale rating at kzBB-."

TCS Group Holding PLC (TCS LI) today announces that Tinkoff Bank has closed a transaction to acquire MyPocket (VKarmane), an app that allows users to store any data and scanned documents right on their smartphones.

Implementing macroprudential policy, the Board of the Bank of Lithuania  resolved that as of 31 December 2016 the countercyclical capital buffer rate applicable in the Republic of Lithuania remains unchanged, at 0 per cent. 

Dundee Precious Metals Inc. (TSX:DPM) announced that it has entered into a definitive agreement with respect to a C$43.7 million strategic equity investment in DPM by the European Bank for Reconstruction and Development

On December 21st, 2016 the Board of Directors of AK BARS Bank has accepted the development strategy for 2017-2021.

VTB Group and Russian Platinum have signed a memorandum on strategic partnership for the development of the deposits at Chernogorskoye and the southern sector of Norilsk-1.

Tsesnabank says Fitch Ratings downgraded bank long-term issuer default ratings from "В+" to "В" and changed outlook from negative to stable

Today's agreement in Cyprus means that the EFSI guarantee is now helping to boost investment throughout the EU. 

ADB and Mongolia today signed three grant agreements totaling $4.8 million for projects to promote gender equality, provide affordable sanitation, and build sustainable tourism in Mongolia’s northern region.

China has inked an agreement with the New development bank set up by the BRICS approving a 525 million yuan loan for a solar power project in the country, an official statement said.

ADB held a training and capacity building workshop today in Shanghai for Shanghai Pudong Development Bank (SPDB) officials in facilitating their capacity to address the increasing demand for energy saving buildings in the PRC.

The report released earlier in the week predicted a recovery in emerging markets – Russia, being a case in point – amid modest global economic growth.

An ADB program received support from the Green Climate Fund (GCF) to assist seven Pacific island countries to transition to renewable energy. 

On 16 December 2016, the Bank of Russia Board of Directors decided to keep the key rate at 10.00% per annum. The Board of Directors notes that the dynamics of inflation and economic activity are overall in line with the forecast and inflation risks have subsided somewhat.