Bric: special focus
Emerging markets: special focus
VTB shifts focus from investment banking to retail CEO Kostin
CEO Andrey Kostin of the Russian state lender eyes investment banking cuts and a cap on its private-equity business, amid a more mature phase of growth in the heavily-competitive domestic market.
State majority in VTB could end from 2016, says CEO Andrey Kostin
The CEO of VTB reveals the Russian government could see its stake in the lender diluted if it does not subscribe to a new round of capital-raising in the coming years, as he defends the banks state-backed business model and claims majority ownership is not necessary for sovereign support of the countrys second-largest bank by market cap.
Sberbank reaffirms investment-banking push
The co-head of commercial and investment banking at the Russian state lender says aggressive growth continues after the departure of Todd Berman, head of investment banking.
RenCap says cost-cutting over as Africa focus pays off
The emerging markets-focused bank says 2013 operational profit is a major achievement, with 50% of revenues from Africa, boosting the lenders diversification strategy after a volatile restructuring.
|Alexander Bazarov, Sberbank|
A new generation of firms are seeking market share from more established players in an already crowded investment-banking scene.
Russians play commodities as US banks retreat
VTB builds paper trading, considers physical; Sberbank launches Zurich financing unit.
What investors want in Russia
Tinkoff has sold a clever story of another kind of Russian bank.
|Alexander Merzlenko, RenCap|
Issuer comes of age; creates first euro benchmark.
Russian banks play truth or dare
During the past three years, Russian banks have plastered over holes in the corporate sector with record profits from retail. The choice now might be between fuelling a bubble or stagnation.
Qatar and VTB: Kindred spirits in Russia and the Gulf
Qatars investment in VTB helps future deals between Russia and the Gulf, but relations will remain difficult.
|Nikolay Katorzhnov, |
Sberbank CEO German Gref says he has led Russias biggest bank through a thorough transformation. It has grown onto the international stage and bulked up in investment banking. What are his objectives, and how does he see its role at home and in the region?
Bank reform key to boosting Russia economy as commodity cycle shifts
Russias largely state-owned banking sector needs greater competition to help catalyze private sector investment as the economy enters a new era of permanently weaker growth and lower oil prices, say analysts.
Russias top banker Gref backs independence of new central bank governor
Sberbank chief German Gref, who as the former economics minister was the boss of Central Bank of Russia governor-designate Elvira Nabiullina, says the banks dominance in the countrys economic affairs wont exert undue influence over monetary policymaking.
Debt capital markets: Russia and Turkey boost local-currency Eurobonds
Internationally marketed local-currency issuance has become the latest twist to a booming emerging market bond market. Russian and Turkish banks and corporates are playing a leading role, issuing new Euroclearable, foreign-law bonds in roubles and Turkish liras.
Russia: Rosneft baits the debt markets
Buy now while stocks last! That seemed to be the sales pitch in a $3 billion debut Eurobond from Russian state-owned oil firm Rosneft late last year.
Sberbank fights back for the countryside
There are good strategic reasons for Sberbank to be concerned about the growth of such operations as Tinkoff and Home Credit: and good reason for a counter-attack.
Russias new brand of banking
Oleg Tinkov is at the forefront of the consumer-banking boom that is changing Russian finance. Tinkoff Credit Systems encapsulates all that is innovative and risky about the sector. This bank and others like it have everything the state banks lack. But in Russia that can mean trouble.
Russian capital markets: Whats driving change?
The Russian governments desire to build an international financial centre in Moscow is genuine. However, the governments market infrastructure reforms are also driven by other short-term and long-term motivations.
Russias new market infrastructure takes shape
A central securities depository, liberalization of the local bond market, movement to T+2 settlement and a stock exchange merger its all very welcome in Russias capital markets. But work remains to be done if its infrastructure is to catch up with its peers.
Restructuring: VTB prepares for more CEE debt-for-equity deals
Struggling companies in central and eastern Europe can hope for new investment from VTB Capital this year, particularly via debt-for-equity restructurings.
Prokhorov takes control of Renaissance Capital
Mikhail Prokhorovs Onexim Group is taking control of Renaissance Capital, the billionaires holding firm announced in November. Although the investment bank will not change its name, the acquisition ushers in a new era for RenCap.
Banking: Russias sub-debt boom
A wave of lower tier 2 issuance will not deal with Russian banks strained capital levels.
Russia: Markets welcome Euroclear approval
Euroclear Bank has been granted access to Russias central securities depository, opening the way for a substantial step-up in foreign participation in the countrys domestic bond market.
Emerging Europe: Sberbank offering lifts ECM hopes
Russias biggest lender, Sberbank, sold $5.2 billion of stock in a secondary offering in Moscow and London in mid-September its first international listing. The deal reduced the central banks stake in the bank to 51%.
Russia: Otkritie-Nomos merger fires controversy
Moscows financial community has been abuzz in recent weeks with news of Otkritie Financial Corporations proposed takeover of Nomos Bank. But the deal is not without its critics.
Russias first perp boosts VTBs tier 1 ratio
VTBs $1 billion perpetual bond this summer the first in Russia was partly modelled on a similar issue by Banco do Brasil in January, says Herbert Moos, VTBs CFO.