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26.08.2010
BANKS AND EXCHANGES
ANALYSIS:
The consolidation of the Russian subsidiary banks of the Societe Generale Group (SG) Rosbank and BSGV will be completed till May 2011. Rosbank will change its blue-and-white style into red-and-black colors of the French group known all over the world. BSGV may be renamed into Rosbank-Premium
Natalia Starostina "Rosbank in Black and Red", RBC daily, No.152, August 25, 2010, pp.1, 6
EVENTS
On August 24, the Presnensky court of Moscow dismissed the action of a Troika Dialog Asset Management customer Nina Nikitina claiming to recover losses of RUR 14 million from the company under the trust management agreement
Business press, August 25, 2010
SECURITIES MARKET
ANALYSIS:
Analysts give different recommendations on Inter RAO shares
Vedomosti, No.158, August 25, 2010, p.9
ING analysts recommend buying GDRs of Novorossiysk Commercial Sea Port (NCSP)
Inna Bukharova, RBC daily, No.152, August 25, 2010, p.9
Rostelecom has entered into negotiations with banks about the placement of its shares on the London exchange, a top-manager of the state holding Svyazinvest and a member of the Board of Directors of the state holding told RBC daily
Elizaveta Sergina "Rostelecom to Be Connected to London", RBC daily, No.152, August 25, 2010, p.1
FINANCE
FORECAST:
The Economic Development Ministry forecasts that the ruble will grow stronger by 3.2-3.4% against the US dollar in real terms over the period January-August 2010. The ruble will increase by 16.2-16.4% against the euro, by 6.2-6.3% against the pound sterling, by 5.7-6% against the Swiss franc, and by 0.1-0.5% against the Japanese yen and fall 0.1-0.2% against the Canadian dollar
"The Economic Development Ministry: The Ruble to Grow Stronger Against the USD by 3.2% during 8 Months", BFM.ru, August 24, 2010
CREDITS AND INVESTMENTS
INFORMATION:
MTS has come to an agreement with Sberbank to reduce interest rates on loans to the total amount of RUR 53 billion
"1.4 Percent", Vedomosti, No.158, August 25, 2010, p.12; "Sberbank Cut Down Rates", RBC daily, No.152, August 25, 2010, p.7
ANALYSIS:
The growth of lending to the economy in Russia is slowing down, according to the Bank of Russia's data. Loans to companies added RUR 50 billion only in July although the growth over the preceding four months had been much higher
Tatiana Voronova, Natalia Biyanova "Credit Setback", Vedomosti, No.158, August 25, 2010, p.9
ECONOMY
ANALYSIS:
On August 24, Deputy Economic Development Minister Andrei Klepach estimated the economic results of July 2010 and shared his expectations until the end of 2010
All business press, August 25, 2010
Описание:

Оперативный дайджест периодической печати, посвященный деятельности банковских и биржевых структур в России.

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с 1998 года.
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