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Tags: Central Bank


Central Bank: Scenarios and Risks for the Russian Economy
The Bank of Russia presented four scenarios for the development of the Russian economy in 2021-2023: the baseline and three alternative ones, reflecting possible risks. The scenarios are contained in the draft Guidelines for the unified state monetary policy.
For the First Time in Eight Years Russia will Change the Grounds for Blocking Bank Accounts
For the first time in eight years, the Central Bank will change the criteria for suspicious transactions that could lead to account blocking. In particular, the Central Bank proposes to revise the general approaches to determining the doubtfulness of banking operations.
Significant Risks in the Russian Financial System
The Accounts Chamber announced significant risks inherent in the Russian financial market. Based on the results of the audit of the Central Bank, auditors recognized that the development of the country's financial market is not comparable to the scale of its economy.
Central Bank Retains Key Rate At 11%
The Bank of Russia today has decided to keep its key rate on hold at 11% per annum.
Central Bank Approved Credit Lines For Several Russian Banks
The financing is necessary for the banks to be able to function properly according to the standards of short-term liquidity introduced in January 2016.
Elvira Nabiullina Gave Comments On Monetary Policy
The Chairman of the Central Bank Elvira Nabiullina announced the suspension of the cycle of monetary policy easing.
Central Bank Will Not Support Rouble
The current level of foreign exchange reserves of Russia does not allow to maintain the rouble exchange rate, the only remaining leverage of the Central Bank is the key rate.
Bank of Russia FX policy
The Bank of Russia conducts FX policy under managed floating exchange rate regime.
Markets Wait for Central Bank's Decision on Key Policy Rate
The board of the Central Bank is scheduled to have a policy meeting on Friday. Earlier, analysts predicted that the regulator would lower the key policy rate again to spur lending but under the current circumstances the decision may be and should be as experts now insist postponed.
Bank of Russia Revoked the License From the Dagestan Bank
The order issued by the Bank of Russia revoked the license for banking operations from the Dagestan Bank Adam International (Makhachkala). The reasons for revocation included the violations of the law On countering legalization (laundering) of proceeds from crime and terrorism financing.
Central Bank Reserves - Report by Moody's
The Russian central bank has enough reserves to weather 2015, says the latest report by Moody's.
Bank of Russia Raises Benchmark Rate
On 31 October 2014 the Bank of Russia decided to raise its key rate to 9.5 percent due to significant changes in external conditions in September-October, including a drastic fall in oil prices and tougher sanctions imposed by the West
The Central Bank Continues To Revoke Licenses
The Central Bank revoked the licenses from the Purpe Bank registered in Nizhnevartovsk, CreditBank (Elista, Kalmykia) and the non-bank credit organization Yutikpey (Moscow) on October, 16. The withdrawal of licenses in all three cases is associated with non-compliance in the field of combating laundering of crime-generated money and financing of terrorism, as the press service of the Central Bank reports.
Davos: Deripaska Dresses Down Central Bank
Russia's billionaire attacks the country's Central Bank in a very emotional way, calling for change in the management.
Banks' Bailout Blueprints To Battle Big Trouble
Top-30 Russia's largest banks would have to put together bailout plans for crisis scenarios, according to Vedomosti daily.
Doing Business in Russia 6% Easier
According the WB Doing Business index, Russia has managed to improve its image in two key areas - construction permits and taxation. Russia-IC looks at the progress.
Central Bank To Get More Power
The government is leaning towards the easiest option as it sets out to reign in order on the financial markets. As Russia-IC promised earlier, we are bringing you more details on the project.HAWNNU4NYRJT
Russia Mulls New Financial Watchdog
The Russian government is studying options to increase its regulatory power over financial markets by setting up a Big Brother-style institution watching over the country's money flows.
Russia's Gold Reserves Grow 2%
Russia is scaling up its gold reserves, building on sinking demand in the world. Russia-IC looks at the reasons why gold is looking increasingly appealing for investors and invites you to a key jewelry exhibition in Moscow this September.
Money Transfer from Russia to China via Post of Russia
The Post of Russia, a money transfer leader on Russian market, has announced of its lounging a money transfer draft. Its the first experience for the Post of Russia in the cross-border transfer market. Still the game is worth the candle as the volume of this business is valued as much as $6 bln.
Russians Owe Banks 33bn Rubles
On Tuesday the Central bank of Russia revealed the data covering the volume of overdue repayment of debts Russians owe 30 largest banks of the country.


Central Bank: Economic Decline in Russia in the Third Quarter was 3.6 %
The Central Bank expects the economy to decline by 4-5 % by the end of the year.
The Central Bank Announced a New Mechanism to Combat Volatility in the Foreign Exchange Market
After the black Wednesday for the ruble, the Central Bank announced new measures to support the Russian market.
Home Credit and Finance Bank Forced to Lay Off Staff
Home Credit and Finance is forced to lay off staff to streamline costs amid weaker revenue and tougher standards introduced by the Central Bank.
Central Bank Will Not Warn Banks Of License Revocation In Advance
Russias Central Bank cannot warn banks of license revocation in advance, since otherwise dishonest management can start carrying off the assets, Elvira Nabiullina, the head of the Central Bank commented.
Central Bank Against Deposit Interest to Be Taxed
The head of the Central Bank does not support the plan to impose an income tax on the deposit interest.
SPO Better Choice for VTB, says Central Bank Chair
The head of the Russian Central Bank says an SPO would make more sense for the VTB bank.
Russia's Foreign Debt Up
Russias foreign debt is up 15.4 percent on last years figures, according to the countrys Central Bank.

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