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Russia s Sberbank reports record annual profit of $16 bln

Russia s largest lender Sberbank reported a record annual profit of 1.5 trillion roubles for 2023, a more than five-fold increase on the previous year as Russia s banking sector recovered from the.

Kurganskaya oblastElena fabrichnayaGerman grefMark potterAndrew osbornSinara investment bankAlexander marrow additionalFilipp lebedev editing

Russian lawmakers approve use of digital assets in international transactions

Russian lawmakers approve use of digital assets in international transactions
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United statesElena fabrichnayaAnatoly aksakovVladimir putinPresident vladimir putinAlexander marrowLouise heavens

Russia s second-largest bank VTB reports record 2023 profit of $4 7 bln

Russian state-owned lender VTB reported a record annual profit of 432.2 billion roubles in 2023, it said on Tuesday, rebounding from a revised, sanctions-induced loss of 667.5 billion roubles the.

Sonali paulAndrei kostinElena fabrichnayaDmitry pyanovFinancial officer dmitry pyanovAlexander marrow

Putin signs decree allowing HSBC to sell Russian unit to Expobank

MOSCOW (Reuters) -Russian President Vladimir Putin gave approval on Monday for HSBC to sell its Russian unit to privately-owned Expobank, paving the way for the British lender to extricate itself from the Russian market after months of negotiations. HSBC said in June 2022 that it had agreed to sell a 100% stake in the unit, HSBC Bank (RR) LLC, to Expobank. Moscow has steadily tightened restrictions on foreign asset sales since then, with banks requiring Putin's approval for any deal.

United statesUnited kingdomRussian federationElena fabrichnayaIntesa sanpaoloMark heinrichVladimir putinGareth jonesRussian president vladimir putinAlexander marrowHsbc bank

Confiscating Russia s assets would send negative signal, says central bank

The potential confiscation of Russian assets by Western governments would send a strongly negative signal to other central banks and would gradually undermine international finance, Russia s Central. -February 16, 2024 at 08:41 am EST - MarketScreener

Vladimir soldatkinSharon singletonJason neelyElena fabrichnayaEuropean union onRussia central bank governor elvira nabiullinaCentral bank governor elvira nabiullinaEuropean unionAlexander marrow

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