Russia

Bank Renaissance Capital, one of the fastest growing consumer lending banks in Russia, has achieved a significant decrease in its fraud rate over 20% on average - due to the implementation of Hunter II, the fraud detection solution from Experian- Scorex.

Fitch Ratings said it has affirmed Russian insurer Progress-Garant Insurance Co's ratings with a positive outlook. Simultaneously, Fitch said it has withdrawn these ratings...

Experts think rouble-denominated CLN are of interest to foreign investors and the issuer, in turn, has the chance to place

Eurokommerz, one of Russia's leading factoring companies, will issue 01 Series bonds on the MICEX Stock Exchange

The European Bank for Reconstruction and Development, the pioneer of small business lending in Russia, has provided a

Russia's anti-monopoly service has launched an inquiry into factoring operations to sell accounts receivable conducted by

Eurokommertz is the largest factoring company in Russia and the CIS countries ranks first on the factoring market in the volume of funding and the number of clients served

French credit insurance and rating group Coface has formed a credit insurance joint venture with Russian insurance company JSC Capital, the fifth largest general insurance firm in Russia

One of Russia's top private banks, MDM Bank, is joining the Russia Small Business Fund (RSBF) lending programme. A five-year US$50 m loan will boost MDM's capacity to finance small businesses

The European Bank for Reconstruction and Development (EBRD) has agreed to lend US$30m to Bank St. Petersburg in a transaction aimed at increasing the amount of funding available to small- and medium-sized businesses