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BANKS HAVE INTRODUCED A NEW COMMISSION FOR MORTGAGES

... mortgages under market programs. The fee will apply to housing developers or borrowers themselves. The new mortgage commission will affect transactions for the purchase of primary and secondary housing, as well as private homes. It already operates in VTB, Sberbank and Alfa-Bank, Kommersant reports. As experts explain, such a fee is a necessary measure. Earlier, the Bank of Russia reduced the possible maximum full cost of the loan. If the costs are included in the loan amount itself, then its full ...

DZERZHINSK DESIGN INSTITUTE WAS DECLARED INSOLVENT

... officials to the situation in the bankrupt organization and to prevent further ruin and liquidation of the enterprise that has existed since 1952. Surveillance at the enterprise was introduced in 2021. The largest creditors were Russian banks (Sberbank, VTB, Rosselkhoznadzor), demanding millions of rubles from the company. The debt to Sberbank amounted to 1 billion. The organization owes VTB more than 700 million rubles. In 2020 , the company 's assets were estimated at 19.2 billion . At the same time,...

Russian banks ask to change the rules of the bankruptcy moratorium

Large Russian banks came up with the idea of amending the rules providing for the introduction of a bankruptcy moratorium in Russia. The government extended its action to both individuals and legal entities until October this year due to the difficult economic situation in the country. Financial institutions believe that the law in this part should be changed. This applies both to the previously introduced prohibition on enforcement within the framework of enforcement proceedings, and the ability...

YANDEX COMPANY LIQUIDATES INVESTMENT SERVICE

Yandex" made a decision to liquidate the Internet service "Yandex.Investments" created for financial management. The reason is the fact that VTB Bank, a former partner in dealing with securities, fell under strict foreign sanctions. The inability to trade assets of foreign companies led to an inevitable outcome. According to Interfax, platform users will be allowed to buy shares and other ...

Laws on digital ruble will be developed in Russia

... Izvestia . The changes will affect the areas of the digital ruble turnover - from the ability to pay them to the right to exchange currency for fiat money and recover it from debtors. Among the banks that will take part in the test project, there are VTB and Sberbank. Credit institutions generally support the initiative, talking about the benefits of the digital ruble. According to the head of the State Duma Committee on the Financial Market Anatoly Aksakov, the development of legislative changes ...

Russian banks are closing their offices on a wholesale basis

..., the number of branches and operating cash desks has also decreased, but half below the previous figure. The number of head offices decreased by only 10%. At the same time, the maximum number of closings fell on both capitals and the Moscow region. VTB has already announced the start of modernization of the regional chain, Gazprombank and Rosbank have also confirmed the closure of dozens of offices, reports Izvestia. However, credit institutions have also announced the opening of new branches. ...

MECHEL COMPANY IS ON THE VERGE OF BANKRUPTCY

... largest share of the debt of 29 billion rubles that was to be received by BNP Paribas. The ECA loans were not repaid as well. In Russia, the situation turned out to be more favorable for the company. In 2020, having entered into lucrative agreements with VTB and Gazprombank, the company restructured a significant part of its debt, extending the payment deadlines until March 2027 (with the option to extend it for another three years). This happened after the company closed contracts for the sale of the ...

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