There are no foreign bank branches in operation in Russia, Central Bank First Deputy Chairman Andrei Kozlov said at an international banking forum in Sochi on Friday
Published:
8 September 2003 y., Monday
There are no foreign bank branches in operation in Russia, Central Bank First Deputy Chairman Andrei Kozlov said at an international banking forum in Sochi on Friday.
The last remaining branch, belonging to Armenian bank Anelik, was re-registered into a subsidiary in August, he said. The Central Bank insists that foreign banks can only operate in Russia as subsidiary banks. The issue of opening branches is of particular interest to German bankers because a quarter of the foreign capital in the Russian banking system is of German origin, Kozlov said. Other countries have also inquired about this, including colleagues in talks about Russia joining the WTO, he added.
The Russian Association of Regional Banks organized the forum, called Russian Banks in the Twenty-first Century.
Šaltinis:
Interfax
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Commission has adopted additional legislative proposals today to further strengthen financial supervision in Europe.
more »
The EU has announced plans to regulate the market for derivatives – complex financial products that helped trigger the financial crisis.
more »
New proposals to help EU farmers through the milk price crisis were backed by Parliament on Thursday.
more »
The European Commission and the European Investment Bank (EIB) Group are organising a conference in Brussels on 22 and 23 October to further promote two initiatives designed to increase the use of financial engineering instruments in the framework of cohesion policy.
more »
The biggest thermal insulation production manufacturer in Finland “Finnfoam” has started the construction of a thermal insulation production plant in Kaunas FEZ.
more »
The European Investment Bank (EIB) is providing two loans in Hungary.
more »
Key Western Balkan projects to benefit from new funding EU, IFI financing to focus on infrastructure, SMEs and energy efficiency.
more »
Lithuania, Belarus and China will cooperate in the development of the initiative of the East-West transport corridor.
more »
On October this year AB Bank SNORAS will provide preferential UAB “Guarantee Fund of Agricultural Loans ” purpose loans to farmers and companies, which scope of activity is economic activity and processing of agricultural production.
more »
The European Commission has today approved an application from Austria for assistance under the European Globalisation Adjustment Fund (EGF).
more »