Rus News Journal

Russian and World News

On Friday representative VTB in Beijing Boris Abramov has informed a context that the permission to the activity beginning on preparation for branch opening in China has been given out bank by the Chinese committee on regulation of bank activity. The actual beginning of work of branch of bank is expected till the end of 2007. Earlier the president - chairman of the board VTB Andrey Kostin has informed that VTB plans to open branch in Shanghai after end of registration procedures. Thus, VTB became the first Russian bank beginning economic activities in China after 1917. In China the bank intends to work first of all with corporate clients - the companies which are engaged Russian - the Chinese trade. Interfax
the Russian standard has founded SPV
On Friday bank the Russian standard has founded SPV - the company for carrying out of external loans - Russian Standard Capital p. l. c. As have informed in a press - service the Russian standard a bank share in the company - 99,99 %. We will remind that bank the Russian standard has already spent a number of transactions on sekjuritizatsii autocredits and consumer credits. This year the bank plans sekjuritizirovat payments on credit cards. a prime - TASS

the American banks began to earn more abroad
In a past week-end it became known that rates of increase of the international operations of the American banks almost three times exceed dynamics of development of their business in the USA. On January, 19th financial group Citigroup has declared that incomes of its corporate and investment operations outside of the USA in the fourth quarter have grown on 34 % in comparison with 10 - percentage growth in the USA. For the first time operations Citigroup in Europe and Asia have brought more income, than the American business. The disproportion is even more obvious in JPMorgan Chase. Its profits from international investment bankinga have flied up on 42 % and have made last year $9 mlrd, almost as much, how many has brought business in Northern and the South America, - $9,2 mlrd (the gain has made 12 %). The majority of observers tend to that growth of foreign business is more connected with the general activization of the markets of the capital in Europe and Asia. In Citigroup expect that such tendency will remain, and along with the competitors invest in development of foreign business.

Nomos - the bank has increased profit in 2,48 times
Net profit of Nomos - bank for 2006 has increased in 2,48 times, with 1,002 mlrd following the results of 2005 to 2,485 mlrd rbl. As have informed rbl. in a press - bank service, the profit increase has occurred at the expense of growth of the received percent on credits, increase in incomes on operations to securities, and also growth of the profit received from commission operations. a prime - TASS

stock exchanges
Are registered rules of the auctions in the urgent market of the Moscow Interbank Stock Exchange
Federal Agency of the financial markets (FSFR) has informed on registration on January, 18th, 2006 admission rules to participation in the auctions in the urgent market and tendering rules in the urgent market of Joint-Stock Company Moscow Interbank Stock Exchange Stock exchange . As have informed in a press - service of the Moscow Interbank Stock Exchange, changes are brought in the specified documents according to order FSFR from August, 24th, 2006 About an order of rendering of the services promoting the conclusion of urgent contracts, and also features of realisation of clearing of urgent contracts . AK &M

bonded loans
FSFR has not registered issue of Prodimeks - holding
the Federal Agency of the financial markets (FSFR) has refused the state registration of release and the prospectus of bonds of the first series for the sum 1,5 mlrd rbl. of the operator of the sugar market of Open Society prodimeks - holding . The decision is accepted because the emitter within 30 days has not given on demand of FSFR all documents necessary for state registration of release of bonds. prodimeks - the holding planned to let out the three-year bonds provided with the guarantee of Joint-Stock Company a Terra a trade . Now in circulation are CLN groups prodimeks for the $100 million sum, placed in the end of September, 2006. Interfax