Tag Archives: EXCLUSIVERussias

MOSCOW, Dec 8 (Reuters) – Russia’s central bank is looking for an investor in bailed-out Otkritie bank, but has drawn a blank with an approach to internet giant Yandex, two sources close to the matter told Reuters. Otkritie, once Russia’s biggest private bank, was bailed out by the central bank in 2017 along with two other private banking groups. All three were struggling with mounting bad assets and a lack of capital. The central bank plans to sell Otkritie, in full or in parts, either… Source link

MOSCOW, Dec 8 (Reuters) – Russia’s central bank is looking for an investor in bailed-out Otkritie bank, but has drawn a blank with an approach to internet giant Yandex, two sources close to the matter told Reuters. Otkritie, once Russia’s biggest private bank, was bailed out by the central bank in 2017 along with two other private banking groups. All three were struggling with mounting bad assets and a lack of capital. The central bank plans to sell Otkritie, in full or in parts, either… Source link

By Tatiana Voronova, Katya Golubkova * VTB to develop grain business for next 3-5 years – CEO * Has no plans to cut stake in grain unit further – CEO * Wants closer cooperation with Yandex * Full Kostin quotes in Russian MOSCOW, Oct 28 (Reuters) – Russia’s VTB bank, which has transformed itself into a major grain trader within a year, plans to remain in the grain business for the next three to five years, Andrey Kostin, the chief executive of the state-controlled lender, told Reuters. VTB,… Source link