Articles by Anna Baraulina



Postal Bank Could Cost up to $10Bln

Vneshekonombank expects that the creation of a postal bank based on Svyaz-Bank and Russian Post will cost $5 billion to $10 billion, Vedomosti has learned.

As Property Market Recovers, Banks Begin Lending Again

Both VTB and Sberbank are ready to start lending to developers this year, particularly those constructing residential housing, and VTB alone is planning to offer builders as much as $1.2 billion in 2010.

Sberbank Cuts Deposit Rates to Precrisis Levels

The country's largest lender reduced its ruble deposit rates for private individuals on Friday by 1 to 2 percentage points, a move which may lead to lower lending rates.

Kudrin Shifts Bank Support to Industry

Finance Minister Alexei Kudrin said next week the Finance Ministry will submit changes to the 2009 budget to the State Duma that will redirect funds reserved for capitalizing banks through the use of government bonds and state guarantees.

Anti-Crisis Funds Moved From Banks to Industry

Finance Minister Alexei Kudrin said next week the Finance Ministry will submit changes to the 2009 budget to the State Duma that will redirect funds reserved for capitalizing banks through the use of government bonds and state guarantees.