Articles by Tatyana Voronova



Bank of Moscow Still Gets City's Cash

Even though it no longer owns Bank of Moscow, the city is continuing to deposit money in it Ч placing 46 billion rubles in accounts at the bank in July.

Card Processing Coming Onshore

International credit card companies seem willing to fulfill the whims of State Duma deputies. Soon card transaction processing will take place within the country.

City Schemes to Avoid Bank Tender

Moscow officials intend to avoid a tender for the sale of Bank of Moscow by transferring its shares into the capital of the Tsentralnaya Toplivnaya Kompania fuel company, which will then sell them to VTB.

Bank of Moscow Faces Luzhkov Risk

Bank of Moscow gets along so well with the city government that the approaching shakeup at the Mayor's Office may have an effect on its business.

Financial Investigator's Son Handles Cash for Aeroflot

The son of the country's financial intelligence chief is working for state airline Aeroflot, where he is responsible for handling the company's cash and one of its top projects, Sheremetyevo's Terminal D.

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.

Deliquent Loan Results in Free Land for Sberbank

Sberbank is requiring a delinquent borrower to hand over the collateral from a $542,000 loan for a 3.3-hectare plot of land for free.

Raiffeisen May Sell Off Russian Operations

One of the biggest foreign banks in Russia may be sold off by its main owner Ч Raiffeisen International owner Christian Conrad said the group is prepared to relinquish control over its Russian and Ukrainian banks.

Currency Exchanges Face Oct. 1 Deadline

Effective Oct. 1, street exchange points will be required to become cash-transaction desks or full-fledged bank branches, otherwise the Central Bank will close them.

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.

Chemezov's Wife Could Join MFK Bank

Yekaterina Ignatova, wife of Russian Technologies chief Sergei Chemezov, could become a partner of billionaires Mikhail Prokhorov, Alexander Abramov, Viktor Vekselberg and Suleiman Kerimov in MFK Bank, Vedomosti has learned.

Sberbank Out $1.2Bln in Suspected Fraud at Moscow Branches

The majority of Sberbank's overdue loans were approved several years ago by three Moscow branches, which had overdue rates of 80 percent for their consumer loans and 65 percent for their corporate loans.

Rosgosstrakh to Issue СGolden ShareТ

Insurer Rosgosstrakh, planning a share issue in order to preserve financial stability, will give the government a "golden share" to prevent it from losing its blocking stake in the company.