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“The programme of support for small business will be started in 2005,” Andrei Sharov of the Ministry of Economic Development and Trade said. According to Sharov, the project is aimed at the development of micro-financing institutes. "Our task is to...
#bank#bank loan#interest rates
On October 27th the Central Bank of Russia approved the increase in the share capital of the National Factoring Company…
#bank#insurance#investment
The European Bank for Reconstruction and Development (EBRD) is ready to invest up to US$1.5bn in Russian small- and medium-sized…
The new Experian Interfax credit bureau could receive some 5 million credit inquiries per year, said John Hadlow, commercial manager…
Cumulative foreign investment in the Russian economy was US$66 billion as of July this year, Prime Minister Mikhail Fradkov said…
With credit comes a credit history and Russia's booming consumer lending sector saw the first high-profile arrival of a Western…
Mikhail Treyvish, President, East European Factoring Association (EEFA) and Chairman, Uralsib-NIKoil, analyses the Russian factoring industry and future trends. Read…
Vneshtorgbank (VTB) has raised more than Ђ27 million under a 6.5-year credit agreement with AKA Ausfuhrkredit-Gesellschaft mbH for long-term import…
#bank#banks#Deutsche Bank
The Central Bank has revoked the licenses of Promeximbank, the Commercial Savings Bank (KBC bank), and Moszhilstroibank, CB officials confirmed.…
The Russian Central Bank is reducing its refinance rate from 14 per cent to 13 per cent from 15 June.…
The Association of Russian Banks and Coface are joining forces to provide small- and medium-sized Russian companies (SMEs) with a…
Nikoil Financial Corporation president Nikolai Tsvetkov said IBG Nikoil turnover on factoring operations topped $380 million last year. He added…
Consolidation among Russia's biggest banking institutions is starting to take place as bankers realise that organic expansion will not provide…
#acquisition#bank#banks