Articles by Nailya Asker-Zade



Sberbank, Paribas Plan Credit Venture

Sberbank is creating a joint venture with French lender BNP Paribas to provide point-of-sale credit services at local retail chains.

Ingosstrakh Might Join VTB, Generali Venture

An Ingosstrakh shareholders' conflict may be resolved with the help of VTB: 38 percent of the insurer's shares may be transferred to a joint venture between  VTB and Italy's Generali, then sold on a stock exchange or to the main owner of Ingosstrakh, Oleg Deripaska.

VTB Gains Controlling Share of Bank of Moscow

VTB has raised its share in Bank of Moscow to a controlling stake, and Suleiman Kerimov has joined VTB as a shareholder by buying 3.88 percent of its stock from Goldman Sachs.

Foreign Investors in VTB Float Revealed

More than 10 investors spent over $100 million each on VTB shares during the bank's recent float, deputy president Herbert Moos said.

Bank of Moscow Management Looks to Increase Own Stake

Bank of Moscow president Andrei Borodin and deputy chairman Lev Alaluyev seem to be making an attempt to snatch the deal to buy the city's share in the bank away from state-owned VTB bank, and they are ready to pay $3 billion to do so.

Liberal Economist Joins Volodin

Prime Minister Vladimir Putin has appointed Anna Popova, a deputy economic development minister described by colleagues as a staunch liberal, as the first deputy for his new chief of staff, Vyacheslav Volodin.

Kerimov Eyeing the Creation of Potash Empire

Suleiman Kerimov, co-owner of potash producer Uralkali, recently met with Belarussian President Alexander Lukashenko and offered to buy a controlling stake in Belaruskali from the state, said a source close to one of Uralkali's shareholders.

PIK to Sell $500M in Shares to Pay Debts

PIK Group is planning on selling up to $500 million in shares to pay off debts, the company's board of directors decided Friday.

VTB Finds Lessee for Scandalous Oil Rigs

VTB-Leasing on Thursday signed an agreement with Orenburgskaya Burovaya Kompania, or OBK, to deliver six of its oil-drilling rigs for lease, a VTB spokesperson said.