Three years into her purge of the country’s banking sector which to date has seen 276…
Topic: central banks
Central Banks economic and fiscal policies in Russia, Kazakhstan, Azerbaijan and Central Asia
Vneshprombank licence revoked as $2.4bn hole found in balance sheet
Russian Central Bank’s purge of the country’s banking system claimed its biggest scalp this week when…
Beijing launches China International Payment System
The China International Payment System (CIPS), China’s answer to the SWIFT secure financial messaging service, officially came into…
Admiralteisky becomes 140th victim of Russian bank purge
Russian bank purge: The Central Bank of Russia (CBR) last week revoked the licence of the Admiralteisky…
GCC asks ECB for advice on setting up single currency
At a meeting of its bankers in Riyadh this week, the six member states of the…
Russian capital outflow past peak, Finance Ministry claims
Russian capital outflow totalled $ 52.5bn for the first six months of 2015, according to figures released…
Russian bank purge continues as two more licences revoked
Russian bank purge: Central Bank of Russia chief Elvira Nabiullina took the tally of bank licences…
Central Bank lowers Russian interest rates in bid to stimulate economy
The Central Bank in Moscow today cut Russian interest rates for the fourth month in a row…
Russia’s Central Bank lowers key interest rate to 12.5%
With the rouble rallying against the dollar and the euro , the Central Bank of Russia…
Russian economy to return to high growth in 2017, predicts CBR
The Russian economy will return to a period of high growth in 2017 after stabilising next…
Kazakh banking sector assets increase by 17.9% over year
Kazakh banking sector: The total assets of Kazakhstan’s banking sector in Kazakhstan grew by 17.9% last…
Russian inflation expected to peak at 15-17% as CBR cuts interest rate
Russian inflation is likely to peak at between 15% and 17% around March and April before dropping…
Visa opts in to Russian national payment system
Visa opts in to Russian national payment system: The Central Bank of Russia this week confirmed that…
Dagestan bank has licence revoked by Central Bank as purge goes on
The Dagestan bank Prestizhkreditbanka has had its licence revoked by the Central Bank of Russia as…
Central Bank of Azerbaijan to invest $500m in Chinese markets
The Central Bank of Azerbaijan is planning to invest $ 500,000,000 in China’s financial market after…
Kazakh BRIC membership suggested by bank Governor
Kazakh BRIC membership:The governor of the National Bank of Kazakhstan, Kairat Kelimbetov has put forward the…
Sukuk issue expected from Kazakhstan next year
Sukuk: Kazakhstan expects to able to be in a position to issue Islamic bonds (sukuk) next year,…
OpenWay tipped to clinch Russian NBTS contract
OpenWay, the Belgian-based software developer, is being tipped to be appointed by Russia’s Central Bank to design…
Purpe Kalmyk and Yutikpev lose banking licences
Purpe Kalmyk and Yutikpev lose banking licences: The Central Bank of Russia today revoked the banking licences of three…
Russian banking purge continues as three more lose licence
Russian banking purge: The Central Bank of Russia this week revoked the licence of three more banks…
Rouble crisis triggers Central Bank intervention
Rouble crisis: The Central Bank has again stepped in to protect the rouble which closed to an…
Russian capital control rumours dismissed by Central Bank
Russian capital control rumours: The Central Bank of Russia yesterday denied that it was planning to implement…