Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russia's Central Bank Reports Lower Revenue
16.05.2014 21:38
Russia's Central Bank Reports Lower Revenue
Photo Credit: http://ozpp.ru

The Bank of Russia, the national Central Bank, has generated half as much revenue in 2013 as in the year before, says RIA-Novosti.

      According to the Central Bank, the 2013 figures stood at 130 billion roubles versus 247 billion roubles in 2012. The regulator cites the sale of a stake in Sberbank as a major driver of high revenue in 2012.

      The Bank of Russia is entitled to interest on loans to commercial banks and capitalization of its assets, mostly foreign exchange and precious metals. Under Russian law, the Central Bank has to pay 75 percent of its revenue to the federal budget. The rest can be spent on its operations, including on payroll.

       




Author: Mikhail Vesely

Tags: Bank of Russia Russia's Central Bank Russian banks   

Next Previous


You might also find interesting:








Comment on our site


RSS   twitter      submit



TAGS:
Stalinist Regime  Visa   Russian economy  safety  Andrey Zvyagintsev  book hotels in Russia  poverty  Russian science  Russian business  Russian hotels  Chekhov  Moscow  Irkutsk  Faces of Streets Festival  Russian transport  Kaliningrad  tax collection  state emblem  Finance  St. Petersburg  Arts and Crafts  Tver  Zadonsk  Russian models  Samara  Republic of Tatarstan  Russian academy of sciences  Russian tourism  Russian art  Exhibitions in Moscow  Russian Cinema  Jail  Satellites  Tretyakov Gallery  Antarctica  Mercedes-Benz Fashion Week Russia  Kizhi  Faberge  Julia Samoilova  Russian Helicopters   politics  Sukhoi Superjet 100  Dmitrovsk Alps  Kamchatka Dog Sled Race Beringia  Russian Architecture  Bone Carving  Russian scientists  St. Matrona of Moscow  Heroic Feats  Volgograd 


Travel Blogs
Top Traveling Sites