Articles by Dmitry Sergeyev



Gref Says Sberbank May Sell Opel Stake to VEB

  • 28 September 09
  • Reuters
The Sberbank chief said it might sell the stake to the state development bank if it cannot link Opel with a domestic carmaker.

Sberbank Plans to Sell Seized Assets in 3 Years

  • 21 September 09
  • Reuters
Sberbank has already assumed control of oil fields from Urals Energy, several real estate projects and a chain of shops, while collateral on its books includes an airline.

Bad Loan Forecast Cut, Critics Say Worst Ahead

  • 28 August 09
  • Reuters
The Central Bank on Thursday cut its forecast for bad loans in the banking sector in sign of cautious optimism, but analysts believe that statistics show only the tip of the iceberg.

Gazprom Eurobonds Net Total of $2.4Bln

  • 23 July 09
  • Reuters
Analysts say the oversubscribed deal shows a resurgence of interest in Russian assets.

Repo Rates Raised To Support Ruble

  • 10 February 09
  • Reuters
The Central Bank will hike most interest rates by 100 basis points from Feb. 10, it said Monday, fulfilling a promise to tighten monetary policy to support the ruble, which reacted with modest gains.

State Plans 900Bln Ruble Bank Capitalization

  • 28 January 09
  • Reuters
Russia plans a 900 billion ruble ($27.4 billion) capital injection for commercial banks hit by the economic crisis, with state-controlled lenders set to receive the largest share, government sources said Tuesday.

State Plans 900Bln Ruble Bank Capitalization

  • 28 January 09
  • Reuters
Russia plans a 900 billion ruble ($27.4 billion) capital injection for commercial banks hit by the economic crisis, with state-controlled lenders set to receive the largest share, government sources said Tuesday.

Bonds Rare While Ruble Devaluation Continues

  • 22 January 09
  • Reuters
Russia’s ruble bond market will resurrect itself only after the Central Bank has finished its slow-burn currency devaluation, and even then only top-tier issuers will stand much chance of raising new money.

Kudrin Says Reserves Must Be Used Wisely

  • 22 October 08
  • Reuters
The country must be cautious in using its foreign exchange reserves, which have already fallen by one-tenth in the last few months, and the emphasis should be put on supporting the ruble, Finance Minister Alexei Kudrin said Tuesday.

VEB Takes Over Troubled Globex

  • 20 October 08
  • Reuters
The state will put $2 billion into Globex, raising its total bank rescue package to more than $5.5 billion.

KamAZ May Follow AvtoVAZ's Path

  • 02 April 08
  • Reuters
KamAZ, the country's largest truck maker, may sell one-quarter of its shares for $1.25 billion this year to a strategic investor from the European auto sector, sources familiar with KamAZ's plans said Tuesday.

Official Says Foreign Borrowing Too High

  • 24 August 07
  • Reuters
The level of domestic banks' foreign borrowing, now at 15 percent of combined banking sector assets, is too high, the country's top banking supervisor said Thursday.

Officials Fret as Capital Inflow Passes Estimates

  • 08 June 07
  • Reuters
Net inflows of capital into the country exceeded $60 billion in the first five months of 2007, but the pace should slow, Central Bank Chairman Sergei Ignatyev said Thursday.

Bankers Estimate VTB Value as Up to $35Bln

  • 16 April 07
  • Reuters
Analysts have valued the country's No. 2 bank, state-run VTB, in a core range of $30 billion to $35 billion ahead of its international stock market float, a banking source close to the offering said Friday.

Sberbank Shares Issue Could Garner $9.6Bln

  • 15 March 07
  • Reuters
A major rights issue by Sberbank, the country's largest bank, may raise up to 252 billion rubles ($9.6 billion), CEO Andrei Kazmin told a news conference Wednesday.