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breakingnews
14.07.2010, 17:11
Russian steelmaker, Mechel, has posted a 1Q 2010 net income of $82.58 million under IFRS.
14.07.2010, 13:58
After completing its acquisition ICQ from America Online, Russian internet company Digital Sky Technologies has agreed to exchange shares with Naspers, increasing its stake in Mail.ru to 99%.
13.07.2010, 15:34
With the global economy pricing in waning stimulus measures and mounting debt concerns, Business RT spoke with John Hardy, Market Strategist at Saxo Bank about the outlook.
22.10.2010, 12:46
1 comment
Norilsk Nickel shareholders voted against a Rusal led proposal to change the board of directors, at an extraordinary general meeting in Moscow.
30.01.2009, 20:22
2 comments
While the world economy collapses the American dollar continues to strengthen its position in the world, to little wonder – it’s getting back to its basics as the backup currency on every continent except Antarctica.
09.03.2009, 11:33
1 comment
Russian luxury retailers – including those who sell designer lingerie – were planning to buck the economic downturn. But, they are finding they’re not immune.
29.09.2010, 16:20
1 comment
Russia is looking to boost financial literacy levels, with the New Economic School and the Citi Foundation starting joint development of a unique multimedia project on personal finance management.
27.10.2010, 15:10
Russia’s Central Bank is extending the moratorium on excluding the banks from the Deposit Insurance System until July 1, 2011, with analysts saying a deeper change in financial criteria is necessary.
05.10.2009, 19:03
Major shareholders in Russia’s number 2 mobile operator, VimpelCom, Norway’s Telenor and Russia’s Alfa Group, have ended a corporate feud which has haunted the Russian investment climate for much of this decade.
01.09.2010, 16:42
Russia’s government will remain neutral in the Norilsk Nickel dispute, with the company itself expressing doubts about Rusal’s credibility.
Published: 15 July, 2010, 13:07
Edited: 16 July, 2010, 15:17
Sberbank will introduce individual interest rates for retail borrowers depending on financial data including credit history and wealth, which, experts say, will bring tighten its grip on lending.
If Sberbank has good experience with pricing loans based on credit reports, that will entice other banks to do the same in order to get their customers back. The key is reliable credit reporting. If reporting is reliable, a loan process based on credit reports will lower banks' cost of making loans by reducing paperwork and shortening the time to make a loan. Good luck to them, because ultimately it will benefit the borrowers.