Financial intermediation

The Bank of Russia also noted that growth in retail lending by banks in June slowed to 1.4%

Visa will reduce for online stores almost twice the tariffs for payment of goods by card upon delivery by courier

Central Bank sees no cause for concern because of the new bill on payment systems

The Baring Vostok Foundation, founded by Michael Calvey, challenged the court decision, because of which he lost control of Vostochny Bank

The number of bankrupt companies in Russia increased in the first quarter after some decline and stabilization

Morgan Stanley has no plans to withdraw from Russia, Gergiy Vorosh, the head of the bank for emerging markets in the EMEA region told media

Central Bank of Venezuela decided to develop their own payment system and refuse by the end of January agreements with the Visa, Mastercard and Maestro franchises

The military investigative unit on the Solnechnogorsk garrison opened a criminal case on the creation of a financial pyramid against Andrei Nikolenko, who was mentioned in the report of US special prosecutor Robert Muller

The Chamber of Accounts proposed to oblige all banks operating in Russia to connect to the Russian SWIFT equivalent

The magazine presented a rating of the top 20 charitable foundations of the richest businessmen in Russia

Moscow Arbitration approved an estimate of 3.08 billion rubles. for the controversial stake in the Calvi case

ADB today signed facilities of a total of $250 million in loans to Arctic Green Energy Corporation and Sinopec Green Energy Geothermal Company Limited to expand environmentally sustainable district heating services in the PRC.

Global investment firm KKR today announced the launch of Cue & Co., the first one-stop digital marketing company for the Chinese market. This press release features multimedia. View t...

ADB's Board of Directors has approved a total of $44 million in total financing to upgrade 58 kilometers of roads from Baucau to Viqueque and improve connectivity in Timor-Leste.

Access to digital payments will help these businesses expand to new markets, and unlock financial services and products that enables them to grow their livelihoods.