All articles tagged "Sberbank"

S&P; predicts Russian banks' collapse with big credit losses S&P predicts Russian banks' collapse with big credit losses

20 May, 01:56 PM 7 comments

Problem loans could soar to 35-50 percent of total lending in Russia, Ukraine and Kazakhstan, though actual loan losses will be no more than half that level in Russia, Standard & Poor's said on Tuesday.

Tags: Russia, Ukraine, Kazakhstan, banks, Standard & Poor, Sberbank, VTB, Alfa Bank, Petr Aven

Russia, Germany and Canada unite to rescue Opel Russia, Germany and Canada unite to rescue Opel

1 Jun, 02:15 PM 5 comments

Germany announced Saturday that they have chosen chose Canadian auto parts maker Magna International and its international backers to take over General Motors' Opel unit, in a deal that will keep the brand on the road and save as many European jobs as possible.

Tags: Russia, Germany, Canada, Opel, GM, Magna, Sberbank,

Opel Buyout to help Russian car industry Opel Buyout to help Russian car industry

2 Jun, 02:08 PM 6 comments

Putin tells executives that the Russian bank's rescue of German carmaker Opel must help the Russian car industry.

Tags: cars, Vladimir Putin, Sberbank, Opel

Russia vows to use Opel know-how for technological breakthrough Russia vows to use Opel know-how for technological breakthrough

8 Jun, 01:36 PM 6 comments

German car maker gives opportunity to Russia, but questions still surround Russian stake in the take over.

Tags: Russia, Opel, Magna, GM, Sberbank, GAZ,

Russia’s Sberbank shares tumble 19% in 30 minutes Russia’s Sberbank shares tumble 19% in 30 minutes

23 Jun, 04:10 PM 7 comments

The shares of Russia’s largest state-owned bank, Sberbank, took a dramatic fall at the stock exchange Tuesday, crashing 19% in just thirty minutes.

Tags: financial crisis, Sberbank

Russia’s Sberbank posts 98 percent plunge in first-quarter profit Russia’s Sberbank posts 98 percent plunge in first-quarter profit

14 Jul, 08:49 PM 7 comments

State-run Sberbank, Russia's largest lender, posted a 98 percent plunge in first-quarter profit Tuesday as provisions for bad loans spiraled in a worsening economy.

Tags: Sberbank,

Russia’s Sberbank decries Putin’s order to hand out more loans Russia’s Sberbank decries Putin’s order to hand out more loans

23 Jul, 02:02 PM 96 comments

Prime Minister Vladimir Putin on Wednesday ordered banks to issue more loans at lower rates to get the economy out of recession, but the country's biggest lender said such cheap credit was unrealistic.

Tags: Sberbank, Vladimir Putin,



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