Articles by Yelena Berezanskaya



Norilsk Snaps Up Promstroi Complex

Norilsk Nickel could move into the former home of bankrupt Promstroibank at 13 and 15 Tverskoi Bulvar soon after the New Year.

Taxi Companies Charge Into Uncharted Territory

Taxi companies are charging boldly into the future by equipping their fleets with imprinters so customers can pay for their journey by credit card.

Homeless Exploited in $100,000 Credit Scam

Four members of a criminal gang have been accused of swindling Russky Standart bank out of $100,000 after persuading alcoholics and vagrants to register for credit to buy home appliances.

Report: Overdue Loans Threaten Banks

Russia could be facing a new banking crisis caused by bad credit, according to a report showing that the amount of overdue loans has ballooned for the second consecutive quarter.

Promstroibank's House for Sale

Guta Bank, holder of the main share of Promstroybank's debt, is going ahead with plans to acquire Promstroybank's building on Tverskoy Bulvar at lower than market prices.

NRB Faces Losing 40% of Its Assets

The National Reserve Bank handed over assets worth $200 million to French bank Cr?dit Agricole Indosuez to settle a long-running lawsuit.

CB: Banks Overvaluing Assets

Unable to cope with bankers on its own, the Central Bank has called on lawmakers for help and urged them to pass a law to force bankers to mark down the value of their equity.

CB to Extend Crisis Credits' Due Dates

The Central Bank expects difficulties extracting debts from six commercial banks who received stabilization loans in the wake of the 1998 crisis.

MOST Wins Delay In Suit by Ministry

The Moscow Arbitration Court this week postponed the hearing of a claim against MOST-Bank.

TUSRIF Purchases Local Bank

The U.S. Russian Investment Fund has acquired Moscow's Development and Restructuring Bank.

Austrian Banks on Top of Retail Deposit Market

The Bank of Austria's Kreditanstalt holds more of the private deposit market than any other foreign bank.

Gerashchenko: If I Tell You All, You'll Cry

Visa Sees Opportunities to Expand Its Business

Central Bank Mulling Electronic Card Payment

Historic Buildings Give Offices Prestige, Flair