Rus News Journal

Sheets

the President and the prime minister have discussed the financial market
  Sheets
the President and the prime minister have discussed the financial market

the President of Russia Vladimir Putin and the prime minister - minister Michael Kasyanov yesterday at a working meeting in the Kremlin have discussed a condition credit - monetary system and the financial market of Russia, which it is recognised by satisfactory .
Interfax

the Central Bank will grant the licence of Rosselhozbanku...
the Bank of Russia intends to grant the licence of Rosselhozbanku on June, 13th. The chairman of the Central Bank Victor Gerashchenko has informed On it on Wednesday at session of Council of federation. As he said, the capital of Rosselhozbanka is already paid, however according to finished business - to the plan the bank at the initial stage of development will not carry out established by the law prudentsialnye specifications.
a prime - TASS

... And Promstrojbanku will not return
the Central Bank does not intend to return the licence of Promstrojbanku of Russia without a corresponding judgement. It yesterday has declared to journalists the vice-president of the Central Bank Vladimir Gorjunov. It has reminded that under the decision of the Supreme Arbitration Court the question on return of the licence of Promstrojbanku is transferred for new consideration in court of the first instance. if the court decides that we should return Promstrojbanku the licence, we will obey, as it already was with bank ` Imperial ` - Gorjunov has told. He also has noticed that no bases for carrying out of re-structuring of bank under the direction of ARKO are present now.
Interfax

Auditors of the Central Bank have presented to deputies the comments
Auditors of Bank of Russia - PricewaterhouseCoopers and Unikon - have presented to the State Duma comments to the Central Bank annual report for 1999. Also the conclusion under the report regarding the analysis uniform state monetary - the credit policy and the analysis of the balance of payments of the Russian Federation is presented.
a prime - TASS

the Central Bank will estimate a financial condition of bank Imperial
the Bank of Russia intends to estimate within a week a financial condition of bank Imperial . It yesterday has declared on a press - the conference devoted to opening in St.-Petersburg of the International bank congress, the vice-president of the Central Bank Vladimir Gorjunov. As he said, at recent meeting in Bank of Russia where the situation with " was discussed; Imperialom recognised as expedient to return to it the licence. Earlier the Arbitration court of Moscow and cassation instance have confirmed the decision on necessity of return Imperialu licences.
a prime - TASS

Regional banks will live
Bank of Russia do not intend to stimulate process of reduction of quantity of commercial banks in Russia. On it yesterday on a press - conferences in St.-Petersburg were informed by the vice-president of the Central Bank Vladimir Gorjunov. As he said, the quantity of banks can be reduced only under the influence of the market . Gorjunov has noticed that the basic problem of bank system of Russia is insufficient capitalisation of means, especially in regional banks. However in regions the largest industrial enterprises needing qualified bank service are concentrated. in these conditions to reduce quantity of banks in regions in the power image it is simply impossible - Gorjunov has underlined.
Interfax

the Central Bank will reconsider specifications
Bank of Russia studies possibility of revision of some economic specifications by which activity of banks is regulated. According to the director of department prudentsialnogo supervision of the Central Bank of Alexey Simanovsky, possibility of cancellation of specification 11 limiting attraction of means of private investors is discussed, in particular. Simanovsky also has underlined that the Central Bank intends to reconsider and specification 5 establishing the relation of liquid actives to a total sum of actives. This specification, as he said, duplicates a number of other economic specifications. Besides, the Central Bank intends to change the specification establishing the limiting size of crediting of shareholders of banks and limiting the size of means, involved from non-residents - the financial organisations.
Interfax

Investors since February, 2000 on the present continue to change Vebovki
have exchanged OVVZ 3 - j series for the sum about $800 million at total amount of this tranche in $1,322 billion Bond for the $650 million sum obmeneny on currency papers, and bonds on $150 million - on rouble papers. Such data is received by agency in a press - service of Foreign trade and investment bank which acts as the payment agent on these papers.
Interfax

the Ministry of Finance pays on debts
the Ministry of Finance of the Russian Federation has listed to the Central Bank of 586,17 million rbl. on payments 6 - go the coupon of federal loan bond 27003 - j series and the same sum - on payments 5 - go the coupon of federal loan bond 27009 - j to a series. On it have informed agency in management department the state internal debt of the Ministry of Finance.
the Prime - TASS

Moscow Region again will pay Guta - to bank on court
the Arbitration court of Moscow has satisfied yesterday the claim of Moscow Region about a recognition void the credit contract with GUTA - bank for the $2,4 million sum (the contract is concluded on July, 22nd, 1999 with repayment term on June, 15th, 2006). The court also has decided to collect from Moscow Region in favour of GUTA - $1,485 million bank in roubles at the rate of Bank of Russia at date of decision execution. The given decision can be appealed against within 30 days. As it is known, earlier GUTA - the bank has addressed in arbitration court in connection with infringement by Moscow Region of payments under the credit. The part of means has already paid area.
Interfax

GAS changes kinds for the insurer
As have informed yesterday in Ingosstrahe under the decision of annual meeting of shareholders the company board of directors included Anatoly Gornev earlier working in a management as Open Society GAS. Thus, in the near future partner relations " are possible; Ingosstraha with the Nizhniy Novgorod motorcar giant. It is remarkable that not so long ago GAS has conceded blocking share holding of other insurer - the problem company Continent - the policy - in favour of structures, friendly to Ural Automobile Plant.
TATYANA - GRISHIN

the CIS countries have run into debt Russia $7 mlrd
Volume of the state credits given by Russia to the states CIS from 1991, has made $5,9 mlrd (the data on the beginning of current year). Vladimir Chernuhin has informed On it the deputy minister of the finance. As he said, the states CIS under these credits have by this time paid $1,2 billion Chernuhin has noticed that the largest sums were received by Kazakhstan, Ukraine and Uzbekistan - on their share it is necessary about 90 % of total amount of the credits allocated to the CIS countries. Acting yesterday at session of Council of federation, Chernuhin has informed that the volume of debts of the CIS countries in front of Russia by this time makes $7 billion As he said, 51 % of this sum - debts for toplivno - power resources. In 2000 taking into account settlement of mutual financial claims, re-structuring of debts and repayment of state credits Russia should receive from the CIS countries in total $187 million
Interfax

arrest of actions " Is excellent; Transneft
the State Office of Public Prosecutor has cancelled the decision from January, 20th, 1999 about seizure of Open Society preference shares Transneft in number of 1 554 875 pieces, and also on money resources at a rate of 133,6 million rbl. on Open Society accounts. As the representative " has informed; Transneft the corresponding notice signed by the assistant of the public prosecutor by Vasily Kolmogorov, already has arrived in the company.
Interfax