WPS Digest: Banking and Stock Exchange. Finance. Economics / Russian press digests in Englishhttp://www.wps.ru/en/digests/en/banks This digest gives you facts and analyses based on surveying virtually all the Russian national press. It contains the views of Russia's outstanding financiers, business people, economists and political figures and official information (business conferences, visits, statements, etc.). The digest includes sections covering banking and exchange activities, securities markets and investment updates, economic and financial news from the Russian press. English and Russian. enCopyright 1997-2012, WPSThu, 09 Feb 2012 00:00:00 +0300http://www.wps.ru/images/wps-logo-rss.gifhttp://www.wps.ru/en/index.htmlWPS Russian Media Monitoring AgencyThe provisions according to which offshore companies are obliged to disclose their incorporators are excluded from the new wording of amendments to the Civil Codehttp://www.wps.ru/en/digests/en/banks (Tatiana Shirmanova "Offshore Companies Released from Responsibility to Disclose Beneficiaries", Marker, February 7, 2012)Thu, 09 Feb 2012 00:00:00 +0300The Top-10 banks with the largest card loan portfolio as of the end of 2011 is crowned by Russian Standard Bank as before (its portfolio increased 32% in 2011 to RUR 66.3 billion), according to the research of Frank Research Group. The following banks are Sberbank (up by 2.5 times to RUR 61.6 billion) and VTB24 (up by 36% to RUR 38.1 billion). The Top-10 banks has changed greatly during the yearhttp://www.wps.ru/en/digests/en/banks (Business press, February 8, 2012)Thu, 09 Feb 2012 00:00:00 +0300"We expect the growth of lending to slow down to 20-25% in 2012," said Ivan Svitek, Chairman of Home Credit Bank's Management Boardhttp://www.wps.ru/en/digests/en/banks ("Head of Home Credit Bank Expects Slowdown in Retail Lending in Russia", Banki.ru, February 8, 2012)Thu, 09 Feb 2012 00:00:00 +0300Analysts recommendations on depositary receipts of AFK Sistema varyhttp://www.wps.ru/en/digests/en/banks (Vedomosti, No.22, February 8, 2012, p.9)Thu, 09 Feb 2012 00:00:00 +0300Analysts of Nomos-Bank held a comparative analysis of investments in MTS and VimpelCom's shareshttp://www.wps.ru/en/digests/en/banks (Elizaveta Sergina "Easy Debts", RBC daily, No.22, February 8, 2012, p.10)Thu, 09 Feb 2012 00:00:00 +0300VTB to announce buyback scheme from shareholders participating in people's IPO in 2007 in the short run, buyback will be held soon, Head of VTB24 Mikhail Zadornov told Ekho Moskvyhttp://www.wps.ru/en/digests/en/banks ("Zadornov: VTB to Announce BuyBack Scheme Soon", RIA Novosti, February 8, 2012)Thu, 09 Feb 2012 00:00:00 +0300Russia's public internal debt including government guarantees amounted to RUR 4.19 trillion as of January 1, 2012, the Finance Ministry of Russia reported on February 7http://www.wps.ru/en/digests/en/banks (Vadim Visloguzov "Public Internal Debt Nearly Trebled for Three Years", Kommersant, No.22, February 8, 2012, p.6; RIA Novosti, "Public Internal Debt Increased Greatly", Novye Izvestia, No.20, February 8, 2012, p.3)Thu, 09 Feb 2012 00:00:00 +0300Federal State Unitary Enterprise Russian Post announced a search of a financial company in Europe which will be interested in providing loans repayable over a period of 5 years and 10.5 years. Total loan will be EUR 49.894 million, or RUR 1.968 billion at the current exchange rate of the Bank of Russiahttp://www.wps.ru/en/digests/en/banks (Anna Lyalyakina "Russian Post to Borrow Almost EUR 50 mln from Foreign Banks", Marker, February 7, 2012)Thu, 09 Feb 2012 00:00:00 +0300Real income of the population has been increasing slightly over the past few months, says Rosstat. According to Romir Holding, about 44% of residents are sure that their income has increased over the past six months. 9% of respondents say the increase was "rather substantial". The paradoxical difference between the official statistics and interview results may be explained by the fact that Russian residents confused the growth of income in nominal and real, inflation-adjusted termshttp://www.wps.ru/en/digests/en/banks (Anastasia Bashkatova "Russians Got the Impression of Better Living", Nezavisimaya Gazeta, No.18, February 3, 2012, p.4)Thu, 09 Feb 2012 00:00:00 +0300